Zhuhai Bojay (China) Market Value
| 002975 Stock | 35.09 2.09 5.62% |
| Symbol | Zhuhai |
Zhuhai Bojay '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 Zhuhai Bojay'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 Zhuhai Bojay.
| 07/31/2023 |
| 12/22/2024 |
If you would invest 0.00 in Zhuhai Bojay on July 31, 2023 and sell it all today you would earn a total of 0.00 from holding Zhuhai Bojay Electronics or generate 0.0% return on investment in Zhuhai Bojay over 510 days. Zhuhai Bojay is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. Zhuhai Bojay is entity of China. It is traded as Stock on SHE exchange. More
Zhuhai Bojay 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 Zhuhai Bojay'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 Zhuhai Bojay Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.83 | |||
| Information Ratio | 0.1362 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (5.85) | |||
| Potential Upside | 8.86 |
Zhuhai Bojay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhuhai Bojay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhuhai Bojay's standard deviation. In reality, there are many statistical measures that can use Zhuhai Bojay historical prices to predict the future Zhuhai Bojay's volatility.| Risk Adjusted Performance | 0.1223 | |||
| Jensen Alpha | 0.5799 | |||
| Total Risk Alpha | 0.4581 | |||
| Sortino Ratio | 0.1433 | |||
| Treynor Ratio | (1.41) |
Zhuhai Bojay Electronics Backtested Returns
Zhuhai Bojay appears to be not too volatile, given 3 months investment horizon. Zhuhai Bojay Electronics shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. By examining Zhuhai Bojay's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize Zhuhai Bojay's Market Risk Adjusted Performance of (1.40), mean deviation of 2.97, and Downside Deviation of 3.83 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhuhai Bojay holds a performance score of 13. The firm maintains a market beta of -0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhuhai Bojay are expected to decrease at a much lower rate. During the bear market, Zhuhai Bojay is likely to outperform the market. Please check Zhuhai Bojay's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Zhuhai Bojay's historical returns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Zhuhai Bojay Electronics has insignificant predictability. Overlapping area represents the amount of predictability between Zhuhai Bojay time series from 31st of July 2023 to 11th of April 2024 and 11th of April 2024 to 22nd 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 Zhuhai Bojay Electronics price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Zhuhai Bojay price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 8.64 |
Zhuhai Bojay Electronics lagged returns against current returns
Autocorrelation, which is Zhuhai Bojay 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 Zhuhai Bojay's stock expected returns. We can calculate the autocorrelation of Zhuhai Bojay returns to help us make a trade decision. For example, suppose you find that Zhuhai Bojay 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 |
Zhuhai Bojay 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 Zhuhai Bojay stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhuhai Bojay stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhuhai Bojay stock over time.
Current vs Lagged Prices |
| Timeline |
Zhuhai Bojay Lagged Returns
When evaluating Zhuhai Bojay's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhuhai Bojay stock have on its future price. Zhuhai Bojay 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, Zhuhai Bojay autocorrelation shows the relationship between Zhuhai Bojay stock current value and its past values and can show if there is a momentum factor associated with investing in Zhuhai Bojay Electronics.
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 Zhuhai Stock
Zhuhai Bojay financial ratios help investors to determine whether Zhuhai 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 Zhuhai with respect to the benefits of owning Zhuhai Bojay security.