He Bei (China) Market Value
| 000848 Stock | 8.80 0.03 0.34% |
| Symbol | 000848 |
He Bei '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 He Bei'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 He Bei.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in He Bei on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding He Bei Cheng or generate 0.0% return on investment in He Bei over 90 days. He Bei is related to or competes with CITIC Metal, Western Metal, Zhejiang Yongjin, Jinhui Liquor, Northking Information, Iat Automobile, and Rising Nonferrous. He Bei is entity of China. It is traded as Stock on SHE exchange. More
He Bei 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 He Bei'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 He Bei Cheng upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.35 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 3.29 |
He Bei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for He Bei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as He Bei's standard deviation. In reality, there are many statistical measures that can use He Bei historical prices to predict the future He Bei's volatility.| Risk Adjusted Performance | 0.0099 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.0006) |
He Bei Cheng Backtested Returns
He Bei Cheng retains Efficiency (Sharpe Ratio) of -0.0942, which attests that the entity had a -0.0942 % return per unit of price deviation over the last 3 months. He Bei exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out He Bei's Standard Deviation of 1.94, market risk adjusted performance of 0.0094, and Semi Deviation of 1.61 to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, He Bei's returns are expected to increase less than the market. However, during the bear market, the loss of holding He Bei is expected to be smaller as well. At this point, He Bei Cheng has a negative expected return of -0.17%. Please make sure to check out He Bei's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if He Bei Cheng performance from the past will be repeated at some future date.
Auto-correlation | -0.41 |
Modest reverse predictability
He Bei Cheng has modest reverse predictability. Overlapping area represents the amount of predictability between He Bei time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of He Bei Cheng price movement. The serial correlation of -0.41 indicates that just about 41.0% of current He Bei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
He Bei Cheng lagged returns against current returns
Autocorrelation, which is He Bei 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 He Bei's stock expected returns. We can calculate the autocorrelation of He Bei returns to help us make a trade decision. For example, suppose you find that He Bei 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 |
He Bei 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 He Bei stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if He Bei stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in He Bei stock over time.
Current vs Lagged Prices |
| Timeline |
He Bei Lagged Returns
When evaluating He Bei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of He Bei stock have on its future price. He Bei 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, He Bei autocorrelation shows the relationship between He Bei stock current value and its past values and can show if there is a momentum factor associated with investing in He Bei Cheng.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in 000848 Stock
He Bei financial ratios help investors to determine whether 000848 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 000848 with respect to the benefits of owning He Bei security.