Beken Corp (China) Market Value
| 603068 Stock | 34.77 0.91 2.69% |
| Symbol | Beken |
Beken Corp '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 Beken Corp'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 Beken Corp.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Beken Corp on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Beken Corp or generate 0.0% return on investment in Beken Corp over 390 days. Beken Corp is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. Beken Corp is entity of China. It is traded as Stock on SHG exchange. More
Beken Corp 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 Beken Corp'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 Beken Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.29 | |||
| Information Ratio | 0.2599 | |||
| Maximum Drawdown | 20.02 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 9.99 |
Beken Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beken Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beken Corp's standard deviation. In reality, there are many statistical measures that can use Beken Corp historical prices to predict the future Beken Corp's volatility.| Risk Adjusted Performance | 0.2203 | |||
| Jensen Alpha | 1.07 | |||
| Total Risk Alpha | 0.952 | |||
| Sortino Ratio | 0.3171 | |||
| Treynor Ratio | (3.47) |
Beken Corp Backtested Returns
Beken Corp appears to be not too volatile, given 3 months investment horizon. Beken Corp secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of risk over the last 3 months. By analyzing Beken Corp's technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please makes use of Beken Corp's Mean Deviation of 2.88, downside deviation of 3.29, and Risk Adjusted Performance of 0.2203 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beken Corp holds a performance score of 19. The firm shows a Beta (market volatility) of -0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Beken Corp are expected to decrease at a much lower rate. During the bear market, Beken Corp is likely to outperform the market. Please check Beken Corp's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Beken Corp's price patterns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Beken Corp has virtually no predictability. Overlapping area represents the amount of predictability between Beken Corp time series from 28th of November 2023 to 10th of June 2024 and 10th of June 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 Beken Corp price movement. The serial correlation of 0.03 indicates that only 3.0% of current Beken Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 16.07 |
Beken Corp lagged returns against current returns
Autocorrelation, which is Beken Corp 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 Beken Corp's stock expected returns. We can calculate the autocorrelation of Beken Corp returns to help us make a trade decision. For example, suppose you find that Beken Corp 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 |
Beken Corp 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 Beken Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beken Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beken Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Beken Corp Lagged Returns
When evaluating Beken Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beken Corp stock have on its future price. Beken Corp 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, Beken Corp autocorrelation shows the relationship between Beken Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Beken Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Beken Stock
Beken Corp financial ratios help investors to determine whether Beken 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 Beken with respect to the benefits of owning Beken Corp security.