Bomesc Offshore (China) Market Value
| 603727 Stock | 12.12 0.10 0.83% |
| Symbol | Bomesc |
Bomesc Offshore '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 Bomesc Offshore'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 Bomesc Offshore.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Bomesc Offshore on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Bomesc Offshore Engineering or generate 0.0% return on investment in Bomesc Offshore over 180 days. Bomesc Offshore is related to or competes with Zhejiang Kingland, Chongqing Changan, Jiangsu Hoperun, Qingdao Citymedia, Ping An, and Zhejiang Orient. Bomesc Offshore is entity of China. It is traded as Stock on SHG exchange. More
Bomesc Offshore 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 Bomesc Offshore'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 Bomesc Offshore Engineering upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0264 | |||
| Maximum Drawdown | 19.11 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 4.52 |
Bomesc Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bomesc Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bomesc Offshore's standard deviation. In reality, there are many statistical measures that can use Bomesc Offshore historical prices to predict the future Bomesc Offshore's volatility.| Risk Adjusted Performance | 0.0632 | |||
| Jensen Alpha | 0.2007 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0274 | |||
| Treynor Ratio | (1.45) |
Bomesc Offshore Engi Backtested Returns
Bomesc Offshore appears to be somewhat reliable, given 3 months investment horizon. Bomesc Offshore Engi secures Sharpe Ratio (or Efficiency) of 0.0936, which signifies that the company had a 0.0936% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bomesc Offshore Engineering, which you can use to evaluate the volatility of the firm. Please makes use of Bomesc Offshore's Risk Adjusted Performance of 0.0632, downside deviation of 2.57, and Mean Deviation of 1.86 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bomesc Offshore holds a performance score of 7. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bomesc Offshore are expected to decrease at a much lower rate. During the bear market, Bomesc Offshore is likely to outperform the market. Please check Bomesc Offshore's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Bomesc Offshore's price patterns will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Bomesc Offshore Engineering has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Bomesc Offshore time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 Bomesc Offshore Engi price movement. The serial correlation of -0.76 indicates that around 76.0% of current Bomesc Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
Bomesc Offshore Engi lagged returns against current returns
Autocorrelation, which is Bomesc Offshore 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 Bomesc Offshore's stock expected returns. We can calculate the autocorrelation of Bomesc Offshore returns to help us make a trade decision. For example, suppose you find that Bomesc Offshore 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 |
Bomesc Offshore 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 Bomesc Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bomesc Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bomesc Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
Bomesc Offshore Lagged Returns
When evaluating Bomesc Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bomesc Offshore stock have on its future price. Bomesc Offshore 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, Bomesc Offshore autocorrelation shows the relationship between Bomesc Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in Bomesc Offshore Engineering.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bomesc Stock
Bomesc Offshore financial ratios help investors to determine whether Bomesc 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 Bomesc with respect to the benefits of owning Bomesc Offshore security.