Zhuhai Bojay (China) Market Value

002975 Stock   35.09  2.09  5.62%   
Zhuhai Bojay's market value is the price at which a share of Zhuhai Bojay trades on a public exchange. It measures the collective expectations of Zhuhai Bojay Electronics investors about its performance. Zhuhai Bojay is trading at 35.09 as of the 22nd of December 2024, a 5.62 percent decrease since the beginning of the trading day. The stock's open price was 37.18.
With this module, you can estimate the performance of a buy and hold strategy of Zhuhai Bojay Electronics and determine expected loss or profit from investing in Zhuhai Bojay over a given investment horizon. Check out Zhuhai Bojay Correlation, Zhuhai Bojay Volatility and Zhuhai Bojay Alpha and Beta module to complement your research on Zhuhai Bojay.
Symbol

Please note, there is a significant difference between Zhuhai Bojay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhuhai Bojay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhuhai Bojay's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
11/22/2024
No Change 0.00  0.0 
In 31 days
12/22/2024
0.00
If you would invest  0.00  in Zhuhai Bojay on November 22, 2024 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 30 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.

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.
Hype
Prediction
LowEstimatedHigh
31.9836.1140.24
Details
Intrinsic
Valuation
LowRealHigh
23.6227.7538.60
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zhuhai Bojay. Your research has to be compared to or analyzed against Zhuhai Bojay's peers to derive any actionable benefits. When done correctly, Zhuhai Bojay's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Zhuhai Bojay Electronics.

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 Downside Deviation of 3.83, market risk adjusted performance of (1.40), and Mean Deviation of 2.97 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

    
  0.07  

Virtually no predictability

Zhuhai Bojay Electronics has virtually no predictability. Overlapping area represents the amount of predictability between Zhuhai Bojay time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 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 0.07 indicates that barely 7.0% of current Zhuhai Bojay price fluctuation can be explain by its past prices.
Correlation Coefficient0.07
Spearman Rank Test-0.04
Residual Average0.0
Price Variance1.16

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  

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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.