TIANQI LITHIUM (Germany) Market Value
| 2220 Stock | 3.10 0.06 1.97% |
| Symbol | TIANQI |
TIANQI LITHIUM '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 TIANQI LITHIUM'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 TIANQI LITHIUM.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in TIANQI LITHIUM on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding TIANQI LITHIUM H or generate 0.0% return on investment in TIANQI LITHIUM over 720 days. TIANQI LITHIUM is related to or competes with MCEWEN MINING, Lendlease, WillScot Mobile, Sixt Leasing, GREENX METALS, Air Lease, and Jacquet Metal. More
TIANQI LITHIUM 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 TIANQI LITHIUM'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 TIANQI LITHIUM H upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.62 | |||
| Information Ratio | 0.0863 | |||
| Maximum Drawdown | 48.28 | |||
| Value At Risk | (8.28) | |||
| Potential Upside | 8.85 |
TIANQI LITHIUM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TIANQI LITHIUM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TIANQI LITHIUM's standard deviation. In reality, there are many statistical measures that can use TIANQI LITHIUM historical prices to predict the future TIANQI LITHIUM's volatility.| Risk Adjusted Performance | 0.091 | |||
| Jensen Alpha | 0.7615 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.085 | |||
| Treynor Ratio | (1.24) |
TIANQI LITHIUM H Backtested Returns
TIANQI LITHIUM appears to be dangerous, given 3 months investment horizon. TIANQI LITHIUM H retains Efficiency (Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. By evaluating TIANQI LITHIUM's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please review TIANQI LITHIUM's downside deviation of 6.62, and Risk Adjusted Performance of 0.091 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TIANQI LITHIUM holds a performance score of 9. The entity owns a Beta (Systematic Risk) of -0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TIANQI LITHIUM are expected to decrease at a much lower rate. During the bear market, TIANQI LITHIUM is likely to outperform the market. Please check TIANQI LITHIUM's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether TIANQI LITHIUM's current price history will revert.
Auto-correlation | 0.42 |
Average predictability
TIANQI LITHIUM H has average predictability. Overlapping area represents the amount of predictability between TIANQI LITHIUM time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 TIANQI LITHIUM H price movement. The serial correlation of 0.42 indicates that just about 42.0% of current TIANQI LITHIUM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
TIANQI LITHIUM H lagged returns against current returns
Autocorrelation, which is TIANQI LITHIUM 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 TIANQI LITHIUM's stock expected returns. We can calculate the autocorrelation of TIANQI LITHIUM returns to help us make a trade decision. For example, suppose you find that TIANQI LITHIUM 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 |
TIANQI LITHIUM 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 TIANQI LITHIUM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TIANQI LITHIUM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TIANQI LITHIUM stock over time.
Current vs Lagged Prices |
| Timeline |
TIANQI LITHIUM Lagged Returns
When evaluating TIANQI LITHIUM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TIANQI LITHIUM stock have on its future price. TIANQI LITHIUM 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, TIANQI LITHIUM autocorrelation shows the relationship between TIANQI LITHIUM stock current value and its past values and can show if there is a momentum factor associated with investing in TIANQI LITHIUM H.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TIANQI Stock
TIANQI LITHIUM financial ratios help investors to determine whether TIANQI 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 TIANQI with respect to the benefits of owning TIANQI LITHIUM security.