Boqii Holding Limited Stock Market Value
| BQ Stock | USD 0.25 0.01 4.17% |
| Symbol | Boqii |
Boqii Holding Limited Price To Book Ratio
Is Boqii Holding's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Boqii Holding. If investors know Boqii will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Boqii Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.30) | Revenue Per Share 189.472 | Quarterly Revenue Growth (0.29) | Return On Assets (0.07) | Return On Equity (0.41) |
The market value of Boqii Holding Limited is measured differently than its book value, which is the value of Boqii that is recorded on the company's balance sheet. Investors also form their own opinion of Boqii Holding's value that differs from its market value or its book value, called intrinsic value, which is Boqii Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Boqii Holding's market value can be influenced by many factors that don't directly affect Boqii Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Boqii Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boqii Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boqii Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Boqii Holding '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 Boqii Holding'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 Boqii Holding.
| 02/18/2024 |
| 04/18/2024 |
If you would invest 0.00 in Boqii Holding on February 18, 2024 and sell it all today you would earn a total of 0.00 from holding Boqii Holding Limited or generate 0.0% return on investment in Boqii Holding over 60 days. Boqii Holding is related to or competes with National Vision, and Caseys General. Boqii Holding Limited operates a pet-focused platform in the Peoples Republic of China More
Boqii Holding 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 Boqii Holding'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 Boqii Holding Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 8.33 |
Boqii Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Boqii Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Boqii Holding's standard deviation. In reality, there are many statistical measures that can use Boqii Holding historical prices to predict the future Boqii Holding's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Boqii Holding's 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.
Boqii Holding Limited Backtested Returns
Boqii Holding Limited secures Sharpe Ratio (or Efficiency) of -0.0963, which signifies that the company had a -0.0963% return per unit of risk over the last 3 months. Boqii Holding Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Boqii Holding's Mean Deviation of 3.99, risk adjusted performance of (0.05), and Standard Deviation of 5.3 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.98, which signifies possible diversification benefits within a given portfolio. Boqii Holding returns are very sensitive to returns on the market. As the market goes up or down, Boqii Holding is expected to follow. Boqii Holding Limited has an expected return of -0.51%. Please make sure to confirm Boqii Holding Limited potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Boqii Holding Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Boqii Holding Limited has below average predictability. Overlapping area represents the amount of predictability between Boqii Holding time series from 18th of February 2024 to 19th of March 2024 and 19th of March 2024 to 18th 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 Boqii Holding Limited price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Boqii Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Boqii Holding Limited lagged returns against current returns
Autocorrelation, which is Boqii Holding 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 Boqii Holding's stock expected returns. We can calculate the autocorrelation of Boqii Holding returns to help us make a trade decision. For example, suppose you find that Boqii Holding 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 |
Boqii Holding 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 Boqii Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Boqii Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Boqii Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Boqii Holding Lagged Returns
When evaluating Boqii Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Boqii Holding stock have on its future price. Boqii Holding 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, Boqii Holding autocorrelation shows the relationship between Boqii Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Boqii Holding Limited.
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 Boqii Holding 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, Boqii Holding's short interest history, or implied volatility extrapolated from Boqii Holding options trading.
Pair Trading with Boqii Holding
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 Boqii Holding 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 Boqii Holding will appreciate offsetting losses from the drop in the long position's value.Moving against Boqii Stock
| 0.77 | BBY | Best Buy Financial Report 23rd of May 2024 | PairCorr |
| 0.7 | JMIA | Jumia Technologies Financial Report 28th of May 2024 | PairCorr |
| 0.66 | VIPS | Vipshop Holdings Financial Report 28th of May 2024 | PairCorr |
| 0.62 | JD | JD Inc Adr Financial Report 9th of May 2024 | PairCorr |
| 0.59 | W | Wayfair Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Boqii Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boqii Holding 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 Boqii Holding - 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 Boqii Holding Limited to buy it.
The correlation of Boqii Holding 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 Boqii Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boqii Holding Limited 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 Boqii Holding 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 Boqii Holding Correlation, Boqii Holding Volatility and Boqii Holding Alpha and Beta module to complement your research on Boqii Holding. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Boqii Stock analysis
When running Boqii Holding's price analysis, check to measure Boqii Holding's 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 Boqii Holding is operating at the current time. Most of Boqii Holding's value examination focuses on studying past and present price action to predict the probability of Boqii Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boqii Holding's price. Additionally, you may evaluate how the addition of Boqii Holding to your portfolios can decrease your overall portfolio volatility.
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Boqii Holding technical stock 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, stock market cycles, or different charting patterns.