TAT HONG (Germany) Market Value
| 1Q2 Stock | EUR 0.14 0.02 16.67% |
| Symbol | TAT |
TAT HONG '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 TAT HONG'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 TAT HONG.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in TAT HONG on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding TAT HONG EQSRV or generate 0.0% return on investment in TAT HONG over 30 days. TAT HONG is related to or competes with Bank of America, Spirent Communications, Charter Communications, Singapore Telecommunicatio, KAUFMAN ET, Rogers Communications, and TRAINLINE PLC. Tat Hong Equipment Service Co., Ltd. provides tower crane solutions in the Peoples Republic of China More
TAT HONG 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 TAT HONG'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 TAT HONG EQSRV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.81 | |||
| Information Ratio | 0.1304 | |||
| Maximum Drawdown | 32.41 | |||
| Value At Risk | (11.36) | |||
| Potential Upside | 14.94 |
TAT HONG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TAT HONG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TAT HONG's standard deviation. In reality, there are many statistical measures that can use TAT HONG historical prices to predict the future TAT HONG's volatility.| Risk Adjusted Performance | 0.124 | |||
| Jensen Alpha | 0.8611 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0754 | |||
| Treynor Ratio | 1.55 |
TAT HONG EQSRV Backtested Returns
TAT HONG appears to be out of control, given 3 months investment horizon. TAT HONG EQSRV owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the company had a 0.15% return per unit of standard deviation over the last 3 months. By examining TAT HONG's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please review TAT HONG's Risk Adjusted Performance of 0.124, market risk adjusted performance of 1.56, and Downside Deviation of 10.81 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TAT HONG holds a performance score of 11. The firm has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TAT HONG's returns are expected to increase less than the market. However, during the bear market, the loss of holding TAT HONG is expected to be smaller as well. Please check TAT HONG's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether TAT HONG's existing price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
TAT HONG EQSRV has no correlation between past and present. Overlapping area represents the amount of predictability between TAT HONG time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 TAT HONG EQSRV price movement. The serial correlation of 0.0 indicates that just 0.0% of current TAT HONG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TAT HONG EQSRV lagged returns against current returns
Autocorrelation, which is TAT HONG 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 TAT HONG's stock expected returns. We can calculate the autocorrelation of TAT HONG returns to help us make a trade decision. For example, suppose you find that TAT HONG 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 |
TAT HONG 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 TAT HONG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TAT HONG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TAT HONG stock over time.
Current vs Lagged Prices |
| Timeline |
TAT HONG Lagged Returns
When evaluating TAT HONG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TAT HONG stock have on its future price. TAT HONG 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, TAT HONG autocorrelation shows the relationship between TAT HONG stock current value and its past values and can show if there is a momentum factor associated with investing in TAT HONG EQSRV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TAT Stock
TAT HONG financial ratios help investors to determine whether TAT 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 TAT with respect to the benefits of owning TAT HONG security.