Bomin Electronics (China) Market Value
| 603936 Stock | 8.79 0.14 1.62% |
| Symbol | Bomin |
Bomin Electronics '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 Bomin Electronics' 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 Bomin Electronics.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Bomin Electronics on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Bomin Electronics Co or generate 0.0% return on investment in Bomin Electronics over 90 days. Bomin Electronics is related to or competes with Beijing HuaYuanYiTong, Easyhome New, Hunan Mendale, Minmetals Capital, Qumei Furniture, Guangdong Jingyi, and Der International. Bomin Electronics is entity of China. It is traded as Stock on SHG exchange. More
Bomin Electronics 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 Bomin Electronics' 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 Bomin Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.13 | |||
| Information Ratio | 0.0685 | |||
| Maximum Drawdown | 18.09 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 5.18 |
Bomin Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bomin Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bomin Electronics' standard deviation. In reality, there are many statistical measures that can use Bomin Electronics historical prices to predict the future Bomin Electronics' volatility.| Risk Adjusted Performance | 0.0938 | |||
| Jensen Alpha | 0.3833 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0678 | |||
| Treynor Ratio | (0.99) |
Bomin Electronics Backtested Returns
Bomin Electronics appears to be slightly risky, given 3 months investment horizon. Bomin Electronics secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bomin Electronics Co, which you can use to evaluate the volatility of the firm. Please makes use of Bomin Electronics' Mean Deviation of 2.23, downside deviation of 3.13, and Risk Adjusted Performance of 0.0938 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bomin Electronics holds a performance score of 10. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bomin Electronics are expected to decrease at a much lower rate. During the bear market, Bomin Electronics is likely to outperform the market. Please check Bomin Electronics' downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Bomin Electronics' price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Bomin Electronics Co has insignificant predictability. Overlapping area represents the amount of predictability between Bomin Electronics time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Bomin Electronics price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Bomin Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Bomin Electronics lagged returns against current returns
Autocorrelation, which is Bomin Electronics 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 Bomin Electronics' stock expected returns. We can calculate the autocorrelation of Bomin Electronics returns to help us make a trade decision. For example, suppose you find that Bomin Electronics 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 |
Bomin Electronics 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 Bomin Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bomin Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bomin Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Bomin Electronics Lagged Returns
When evaluating Bomin Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bomin Electronics stock have on its future price. Bomin Electronics 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, Bomin Electronics autocorrelation shows the relationship between Bomin Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Bomin Electronics Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bomin Stock
Bomin Electronics financial ratios help investors to determine whether Bomin 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 Bomin with respect to the benefits of owning Bomin Electronics security.