Bloomage Biotechnology (China) Market Value
| 688363 Stock | 59.16 1.32 2.28% |
| Symbol | Bloomage |
Bloomage Biotechnology '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 Bloomage Biotechnology'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 Bloomage Biotechnology.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Bloomage Biotechnology on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Bloomage Biotechnology Corp or generate 0.0% return on investment in Bloomage Biotechnology over 30 days. Bloomage Biotechnology is related to or competes with Zijin Mining, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, and Hoshine Silicon. Bloomage Biotechnology is entity of China More
Bloomage Biotechnology 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 Bloomage Biotechnology'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 Bloomage Biotechnology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.85 | |||
| Information Ratio | 0.0198 | |||
| Maximum Drawdown | 34.68 | |||
| Value At Risk | (4.33) | |||
| Potential Upside | 9.45 |
Bloomage Biotechnology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bloomage Biotechnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bloomage Biotechnology's standard deviation. In reality, there are many statistical measures that can use Bloomage Biotechnology historical prices to predict the future Bloomage Biotechnology's volatility.| Risk Adjusted Performance | 0.046 | |||
| Jensen Alpha | 0.1528 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.024 | |||
| Treynor Ratio | 0.418 |
Bloomage Biotechnology Backtested Returns
Bloomage Biotechnology appears to be very steady, given 3 months investment horizon. Bloomage Biotechnology secures Sharpe Ratio (or Efficiency) of 0.0926, which signifies that the company had a 0.0926% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bloomage Biotechnology Corp, which you can use to evaluate the volatility of the firm. Please makes use of Bloomage Biotechnology's Mean Deviation of 2.89, risk adjusted performance of 0.046, and Downside Deviation of 3.85 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bloomage Biotechnology holds a performance score of 7. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bloomage Biotechnology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bloomage Biotechnology is expected to be smaller as well. Please check Bloomage Biotechnology's 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 Bloomage Biotechnology's price patterns will revert.
Auto-correlation | -0.88 |
Excellent reverse predictability
Bloomage Biotechnology Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Bloomage Biotechnology time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Bloomage Biotechnology price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Bloomage Biotechnology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.82 |
Bloomage Biotechnology lagged returns against current returns
Autocorrelation, which is Bloomage Biotechnology 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 Bloomage Biotechnology's stock expected returns. We can calculate the autocorrelation of Bloomage Biotechnology returns to help us make a trade decision. For example, suppose you find that Bloomage Biotechnology 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 |
Bloomage Biotechnology 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 Bloomage Biotechnology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bloomage Biotechnology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bloomage Biotechnology stock over time.
Current vs Lagged Prices |
| Timeline |
Bloomage Biotechnology Lagged Returns
When evaluating Bloomage Biotechnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bloomage Biotechnology stock have on its future price. Bloomage Biotechnology 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, Bloomage Biotechnology autocorrelation shows the relationship between Bloomage Biotechnology stock current value and its past values and can show if there is a momentum factor associated with investing in Bloomage Biotechnology Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bloomage Stock
Bloomage Biotechnology financial ratios help investors to determine whether Bloomage 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 Bloomage with respect to the benefits of owning Bloomage Biotechnology security.