BYD Co (China) Market Value
| 002594 Stock | 274.83 0.25 0.09% |
| Symbol | BYD |
BYD Co 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to BYD Co's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of BYD Co.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in BYD Co on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding BYD Co Ltd or generate 0.0% return on investment in BYD Co over 30 days. BYD Co is related to or competes with Biwin Storage, PetroChina, Industrial, China Construction, China Petroleum, Agricultural Bank, and Bank of China. BYD Co is entity of China. It is traded as Stock on SHE exchange. More
BYD Co Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure BYD Co's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess BYD Co Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.0362 | |||
| Maximum Drawdown | 14.84 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 5.74 |
BYD Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BYD Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BYD Co's standard deviation. In reality, there are many statistical measures that can use BYD Co historical prices to predict the future BYD Co's volatility.| Risk Adjusted Performance | 0.0748 | |||
| Jensen Alpha | 0.139 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0437 | |||
| Treynor Ratio | 0.3392 |
BYD Co Backtested Returns
BYD Co appears to be very steady, given 3 months investment horizon. BYD Co secures Sharpe Ratio (or Efficiency) of 0.0978, which signifies that the company had a 0.0978% return per unit of risk over the last 3 months. We have found thirty technical indicators for BYD Co Ltd, which you can use to evaluate the volatility of the firm. Please makes use of BYD Co's Risk Adjusted Performance of 0.0748, downside deviation of 2.18, and Mean Deviation of 1.87 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BYD Co holds a performance score of 7. The firm shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, BYD Co's returns are expected to increase less than the market. However, during the bear market, the loss of holding BYD Co is expected to be smaller as well. Please check BYD Co's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether BYD Co's price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
BYD Co Ltd has below average predictability. Overlapping area represents the amount of predictability between BYD Co time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BYD Co price movement. The serial correlation of 0.38 indicates that just about 38.0% of current BYD Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 28.23 |
BYD Co lagged returns against current returns
Autocorrelation, which is BYD Co stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting BYD Co's stock expected returns. We can calculate the autocorrelation of BYD Co returns to help us make a trade decision. For example, suppose you find that BYD Co has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
BYD Co regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If BYD Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BYD Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BYD Co stock over time.
Current vs Lagged Prices |
| Timeline |
BYD Co Lagged Returns
When evaluating BYD Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BYD Co stock have on its future price. BYD Co autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, BYD Co autocorrelation shows the relationship between BYD Co stock current value and its past values and can show if there is a momentum factor associated with investing in BYD Co Ltd.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in BYD Stock
BYD Co financial ratios help investors to determine whether BYD Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BYD with respect to the benefits of owning BYD Co security.