ButOne Information (China) Market Value
| 600455 Stock | 23.48 0.11 0.47% |
| Symbol | ButOne |
ButOne Information '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 ButOne Information'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 ButOne Information.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in ButOne Information on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding ButOne Information Corp or generate 0.0% return on investment in ButOne Information over 30 days. ButOne Information is related to or competes with Cambricon Technologies, Loongson Technology, Shenzhen Fortune, Chongqing Road, Wuhan Xianglong, Hunan Airbluer, and Kuang Chi. ButOne Information is entity of China. It is traded as Stock on SHG exchange. More
ButOne Information 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 ButOne Information'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 ButOne Information Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.7 | |||
| Information Ratio | 0.165 | |||
| Maximum Drawdown | 19.75 | |||
| Value At Risk | (5.46) | |||
| Potential Upside | 6.79 |
ButOne Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ButOne Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ButOne Information's standard deviation. In reality, there are many statistical measures that can use ButOne Information historical prices to predict the future ButOne Information's volatility.| Risk Adjusted Performance | 0.1628 | |||
| Jensen Alpha | 0.7889 | |||
| Total Risk Alpha | 0.1206 | |||
| Sortino Ratio | 0.1634 | |||
| Treynor Ratio | (1.66) |
ButOne Information Corp Backtested Returns
ButOne Information appears to be somewhat reliable, given 3 months investment horizon. ButOne Information Corp secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing ButOne Information's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of ButOne Information's Mean Deviation of 2.69, risk adjusted performance of 0.1628, and Downside Deviation of 3.7 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ButOne Information holds a performance score of 16. The firm shows a Beta (market volatility) of -0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ButOne Information are expected to decrease at a much lower rate. During the bear market, ButOne Information is likely to outperform the market. Please check ButOne Information'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 ButOne Information's price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
ButOne Information Corp has insignificant predictability. Overlapping area represents the amount of predictability between ButOne Information 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 ButOne Information Corp price movement. The serial correlation of 0.15 indicates that less than 15.0% of current ButOne Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
ButOne Information Corp lagged returns against current returns
Autocorrelation, which is ButOne Information 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 ButOne Information's stock expected returns. We can calculate the autocorrelation of ButOne Information returns to help us make a trade decision. For example, suppose you find that ButOne Information 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 |
ButOne Information 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 ButOne Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ButOne Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ButOne Information stock over time.
Current vs Lagged Prices |
| Timeline |
ButOne Information Lagged Returns
When evaluating ButOne Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ButOne Information stock have on its future price. ButOne Information 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, ButOne Information autocorrelation shows the relationship between ButOne Information stock current value and its past values and can show if there is a momentum factor associated with investing in ButOne Information Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ButOne Stock
ButOne Information financial ratios help investors to determine whether ButOne 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 ButOne with respect to the benefits of owning ButOne Information security.