Beijing Enterprises Water Stock Market Value
| BJWTF Stock | USD 0.23 0.00 0.00% |
| Symbol | Beijing |
Beijing Enterprises '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 Beijing Enterprises' pink sheet 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 Beijing Enterprises.
| 11/02/2022 |
| 04/25/2024 |
If you would invest 0.00 in Beijing Enterprises on November 2, 2022 and sell it all today you would earn a total of 0.00 from holding Beijing Enterprises Water or generate 0.0% return on investment in Beijing Enterprises over 540 days. Beijing Enterprises is related to or competes with Essential Utilities, Anhui Conch, Endesa SA, and Enagas SA. Beijing Enterprises Water Group Limited, together with its subsidiaries, provides water treatment services More
Beijing Enterprises 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 Beijing Enterprises' pink sheet 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 Beijing Enterprises Water upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 25.87 |
Beijing Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Enterprises' standard deviation. In reality, there are many statistical measures that can use Beijing Enterprises historical prices to predict the future Beijing Enterprises' volatility.| Risk Adjusted Performance | 7.0E-4 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.74) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Beijing Enterprises' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Beijing Enterprises Water Backtested Returns
Beijing Enterprises Water secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Beijing Enterprises Water exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Beijing Enterprises' Risk Adjusted Performance of 7.0E-4, standard deviation of 2.71, and Mean Deviation of 0.6091 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.055, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Beijing Enterprises' returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Enterprises is expected to be smaller as well. Beijing Enterprises Water has an expected return of -0.19%. Please make sure to confirm Beijing Enterprises Water coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and day typical price , to decide if Beijing Enterprises Water performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Beijing Enterprises Water has virtually no predictability. Overlapping area represents the amount of predictability between Beijing Enterprises time series from 2nd of November 2022 to 30th of July 2023 and 30th of July 2023 to 25th of April 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 Beijing Enterprises Water price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Beijing Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Beijing Enterprises Water lagged returns against current returns
Autocorrelation, which is Beijing Enterprises pink sheet'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 Beijing Enterprises' pink sheet expected returns. We can calculate the autocorrelation of Beijing Enterprises returns to help us make a trade decision. For example, suppose you find that Beijing Enterprises has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Beijing Enterprises 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 Beijing Enterprises pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Enterprises pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Enterprises pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Beijing Enterprises Lagged Returns
When evaluating Beijing Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Enterprises pink sheet have on its future price. Beijing Enterprises 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, Beijing Enterprises autocorrelation shows the relationship between Beijing Enterprises pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Beijing Enterprises Water.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Beijing Enterprises in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Beijing Enterprises' short interest history, or implied volatility extrapolated from Beijing Enterprises options trading.
Pair Trading with Beijing Enterprises
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Beijing Enterprises position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Beijing Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving against Beijing Pink Sheet
| 0.79 | PIFMF | PT Indofood Sukses | PairCorr |
| 0.65 | PUTKY | United Tractors Tbk | PairCorr |
The ability to find closely correlated positions to Beijing Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beijing Enterprises when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Beijing Enterprises - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Beijing Enterprises Water to buy it.
The correlation of Beijing Enterprises is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Beijing Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beijing Enterprises Water moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Beijing Enterprises can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Beijing Enterprises Correlation, Beijing Enterprises Volatility and Beijing Enterprises Alpha and Beta module to complement your research on Beijing Enterprises. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Beijing Pink Sheet analysis
When running Beijing Enterprises' price analysis, check to measure Beijing Enterprises' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Beijing Enterprises is operating at the current time. Most of Beijing Enterprises' value examination focuses on studying past and present price action to predict the probability of Beijing Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beijing Enterprises' price. Additionally, you may evaluate how the addition of Beijing Enterprises to your portfolios can decrease your overall portfolio volatility.
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Beijing Enterprises technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.