BEIJJINGNENG CLERGHYC1 (Germany) Market Value
| BJ6 Stock | EUR 0.21 0.01 4.55% |
| Symbol | BEIJJINGNENG |
BEIJJINGNENG CLERGHYC1 '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 BEIJJINGNENG CLERGHYC1'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 BEIJJINGNENG CLERGHYC1.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in BEIJJINGNENG CLERGHYC1 on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding BEIJJINGNENG CLERGHYC1 or generate 0.0% return on investment in BEIJJINGNENG CLERGHYC1 over 510 days. BEIJJINGNENG CLERGHYC1 is related to or competes with VERBUND AG, TOHOKU EL, EnviTec Biogas, and HOKURIKU. Beijing Jingneng Clean Energy Co., Limited generates gas-fired power and heat energy, wind power, photovoltaic power, an... More
BEIJJINGNENG CLERGHYC1 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 BEIJJINGNENG CLERGHYC1'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 BEIJJINGNENG CLERGHYC1 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.47 | |||
| Information Ratio | 0.0261 | |||
| Maximum Drawdown | 22.98 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 5.26 |
BEIJJINGNENG CLERGHYC1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BEIJJINGNENG CLERGHYC1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BEIJJINGNENG CLERGHYC1's standard deviation. In reality, there are many statistical measures that can use BEIJJINGNENG CLERGHYC1 historical prices to predict the future BEIJJINGNENG CLERGHYC1's volatility.| Risk Adjusted Performance | 0.0498 | |||
| Jensen Alpha | 0.2516 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.016 | |||
| Treynor Ratio | (0.74) |
BEIJJINGNENG CLERGHYC1 Backtested Returns
BEIJJINGNENG CLERGHYC1 appears to be out of control, given 3 months investment horizon. BEIJJINGNENG CLERGHYC1 secures Sharpe Ratio (or Efficiency) of 0.0585, which signifies that the company had a 0.0585% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for BEIJJINGNENG CLERGHYC1, which you can use to evaluate the volatility of the firm. Please makes use of BEIJJINGNENG CLERGHYC1's Semi Deviation of 2.8, mean deviation of 2.32, and Risk Adjusted Performance of 0.0498 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BEIJJINGNENG CLERGHYC1 holds a performance score of 4. The firm shows a Beta (market volatility) of -0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BEIJJINGNENG CLERGHYC1 are expected to decrease at a much lower rate. During the bear market, BEIJJINGNENG CLERGHYC1 is likely to outperform the market. Please check BEIJJINGNENG CLERGHYC1's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether BEIJJINGNENG CLERGHYC1's price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
BEIJJINGNENG CLERGHYC1 has very weak reverse predictability. Overlapping area represents the amount of predictability between BEIJJINGNENG CLERGHYC1 time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 BEIJJINGNENG CLERGHYC1 price movement. The serial correlation of -0.01 indicates that just 1.0% of current BEIJJINGNENG CLERGHYC1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BEIJJINGNENG CLERGHYC1 lagged returns against current returns
Autocorrelation, which is BEIJJINGNENG CLERGHYC1 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 BEIJJINGNENG CLERGHYC1's stock expected returns. We can calculate the autocorrelation of BEIJJINGNENG CLERGHYC1 returns to help us make a trade decision. For example, suppose you find that BEIJJINGNENG CLERGHYC1 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 |
BEIJJINGNENG CLERGHYC1 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 BEIJJINGNENG CLERGHYC1 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BEIJJINGNENG CLERGHYC1 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BEIJJINGNENG CLERGHYC1 stock over time.
Current vs Lagged Prices |
| Timeline |
BEIJJINGNENG CLERGHYC1 Lagged Returns
When evaluating BEIJJINGNENG CLERGHYC1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BEIJJINGNENG CLERGHYC1 stock have on its future price. BEIJJINGNENG CLERGHYC1 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, BEIJJINGNENG CLERGHYC1 autocorrelation shows the relationship between BEIJJINGNENG CLERGHYC1 stock current value and its past values and can show if there is a momentum factor associated with investing in BEIJJINGNENG CLERGHYC1.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in BEIJJINGNENG Stock
BEIJJINGNENG CLERGHYC1 financial ratios help investors to determine whether BEIJJINGNENG 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 BEIJJINGNENG with respect to the benefits of owning BEIJJINGNENG CLERGHYC1 security.