Tongding Interconnection (China) Market Value
| 002491 Stock | 4.57 0.01 0.22% |
| Symbol | Tongding |
Tongding Interconnection '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 Tongding Interconnection'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 Tongding Interconnection.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Tongding Interconnection on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Tongding Interconnection Information or generate 0.0% return on investment in Tongding Interconnection over 690 days. Tongding Interconnection is related to or competes with Kweichow Moutai, NAURA Technology, APT Medical, Contemporary Amperex, and Beijing Roborock. Tongding Interconnection is entity of China More
Tongding Interconnection 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 Tongding Interconnection'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 Tongding Interconnection Information upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.1523 | |||
| Maximum Drawdown | 16.47 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 4.52 |
Tongding Interconnection Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tongding Interconnection's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tongding Interconnection's standard deviation. In reality, there are many statistical measures that can use Tongding Interconnection historical prices to predict the future Tongding Interconnection's volatility.| Risk Adjusted Performance | 0.158 | |||
| Jensen Alpha | 0.544 | |||
| Total Risk Alpha | 0.1203 | |||
| Sortino Ratio | 0.1532 | |||
| Treynor Ratio | 39.54 |
Tongding Interconnection Backtested Returns
Tongding Interconnection appears to be moderately volatile, given 3 months investment horizon. Tongding Interconnection owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the firm had a 0.23% return per unit of risk over the last 3 months. By inspecting Tongding Interconnection's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please review Tongding Interconnection's Risk Adjusted Performance of 0.158, coefficient of variation of 508.38, and Semi Deviation of 2.41 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tongding Interconnection holds a performance score of 18. The entity has a beta of 0.0138, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tongding Interconnection's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tongding Interconnection is expected to be smaller as well. Please check Tongding Interconnection's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Tongding Interconnection's existing price patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Tongding Interconnection Information has good reverse predictability. Overlapping area represents the amount of predictability between Tongding Interconnection time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th 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 Tongding Interconnection price movement. The serial correlation of -0.53 indicates that about 53.0% of current Tongding Interconnection price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Tongding Interconnection lagged returns against current returns
Autocorrelation, which is Tongding Interconnection 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 Tongding Interconnection's stock expected returns. We can calculate the autocorrelation of Tongding Interconnection returns to help us make a trade decision. For example, suppose you find that Tongding Interconnection 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 |
Tongding Interconnection 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 Tongding Interconnection stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tongding Interconnection stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tongding Interconnection stock over time.
Current vs Lagged Prices |
| Timeline |
Tongding Interconnection Lagged Returns
When evaluating Tongding Interconnection's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tongding Interconnection stock have on its future price. Tongding Interconnection 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, Tongding Interconnection autocorrelation shows the relationship between Tongding Interconnection stock current value and its past values and can show if there is a momentum factor associated with investing in Tongding Interconnection Information.
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 Tongding Stock
Tongding Interconnection financial ratios help investors to determine whether Tongding 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 Tongding with respect to the benefits of owning Tongding Interconnection security.