BCEG Environmental (China) Market Value
| 300958 Stock | 13.41 0.40 2.90% |
| Symbol | BCEG |
BCEG Environmental '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 BCEG Environmental'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 BCEG Environmental.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in BCEG Environmental on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding BCEG Environmental Remediation or generate 0.0% return on investment in BCEG Environmental over 30 days. BCEG Environmental is related to or competes with Eit Environmental, Guangzhou Seagull, Qiaoyin Environmental, Keda Clean, Chahua Modern, and Aofu Environmental. BCEG Environmental is entity of China. It is traded as Stock on SHE exchange. More
BCEG Environmental 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 BCEG Environmental'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 BCEG Environmental Remediation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | 0.1084 | |||
| Maximum Drawdown | 22.61 | |||
| Value At Risk | (4.51) | |||
| Potential Upside | 5.33 |
BCEG Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BCEG Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BCEG Environmental's standard deviation. In reality, there are many statistical measures that can use BCEG Environmental historical prices to predict the future BCEG Environmental's volatility.| Risk Adjusted Performance | 0.1085 | |||
| Jensen Alpha | 0.4444 | |||
| Total Risk Alpha | 0.0378 | |||
| Sortino Ratio | 0.1046 | |||
| Treynor Ratio | 20.29 |
BCEG Environmental Backtested Returns
BCEG Environmental appears to be somewhat reliable, given 3 months investment horizon. BCEG Environmental secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By evaluating BCEG Environmental's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please makes use of BCEG Environmental's mean deviation of 2.26, and Coefficient Of Variation of 720.32 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BCEG Environmental holds a performance score of 14. The firm shows a Beta (market volatility) of 0.022, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BCEG Environmental's returns are expected to increase less than the market. However, during the bear market, the loss of holding BCEG Environmental is expected to be smaller as well. Please check BCEG Environmental's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether BCEG Environmental's price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
BCEG Environmental Remediation has insignificant reverse predictability. Overlapping area represents the amount of predictability between BCEG Environmental time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 BCEG Environmental price movement. The serial correlation of -0.13 indicates that less than 13.0% of current BCEG Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
BCEG Environmental lagged returns against current returns
Autocorrelation, which is BCEG Environmental 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 BCEG Environmental's stock expected returns. We can calculate the autocorrelation of BCEG Environmental returns to help us make a trade decision. For example, suppose you find that BCEG Environmental 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 |
BCEG Environmental 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 BCEG Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BCEG Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BCEG Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
BCEG Environmental Lagged Returns
When evaluating BCEG Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BCEG Environmental stock have on its future price. BCEG Environmental 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, BCEG Environmental autocorrelation shows the relationship between BCEG Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in BCEG Environmental Remediation.
Regressed Prices |
| Timeline |
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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 BCEG Stock
BCEG Environmental financial ratios help investors to determine whether BCEG 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 BCEG with respect to the benefits of owning BCEG Environmental security.