Changshu Tianyin (China) Market Value
| 300342 Stock | 19.23 0.43 2.29% |
| Symbol | Changshu |
Changshu Tianyin '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 Changshu Tianyin'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 Changshu Tianyin.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in Changshu Tianyin on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Changshu Tianyin Electromechan or generate 0.0% return on investment in Changshu Tianyin over 690 days. Changshu Tianyin is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. Changshu Tianyin is entity of China. It is traded as Stock on SHE exchange. More
Changshu Tianyin 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 Changshu Tianyin'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 Changshu Tianyin Electromechan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.1 | |||
| Information Ratio | 0.1193 | |||
| Maximum Drawdown | 28.59 | |||
| Value At Risk | (5.79) | |||
| Potential Upside | 9.36 |
Changshu Tianyin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changshu Tianyin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changshu Tianyin's standard deviation. In reality, there are many statistical measures that can use Changshu Tianyin historical prices to predict the future Changshu Tianyin's volatility.| Risk Adjusted Performance | 0.1213 | |||
| Jensen Alpha | 0.7023 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.1413 | |||
| Treynor Ratio | 19.06 |
Changshu Tianyin Ele Backtested Returns
Changshu Tianyin appears to be somewhat reliable, given 3 months investment horizon. Changshu Tianyin Ele secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of standard deviation over the last 3 months. By analyzing Changshu Tianyin's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please makes use of Changshu Tianyin's mean deviation of 3.64, and Risk Adjusted Performance of 0.1213 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Changshu Tianyin holds a performance score of 12. The firm shows a Beta (market volatility) of 0.0371, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Changshu Tianyin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Changshu Tianyin is expected to be smaller as well. Please check Changshu Tianyin's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Changshu Tianyin's price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
Changshu Tianyin Electromechan has good predictability. Overlapping area represents the amount of predictability between Changshu Tianyin time series from 12th of January 2023 to 23rd of December 2023 and 23rd 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 Changshu Tianyin Ele price movement. The serial correlation of 0.66 indicates that around 66.0% of current Changshu Tianyin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 5.91 |
Changshu Tianyin Ele lagged returns against current returns
Autocorrelation, which is Changshu Tianyin 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 Changshu Tianyin's stock expected returns. We can calculate the autocorrelation of Changshu Tianyin returns to help us make a trade decision. For example, suppose you find that Changshu Tianyin 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 |
Changshu Tianyin 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 Changshu Tianyin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changshu Tianyin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changshu Tianyin stock over time.
Current vs Lagged Prices |
| Timeline |
Changshu Tianyin Lagged Returns
When evaluating Changshu Tianyin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changshu Tianyin stock have on its future price. Changshu Tianyin 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, Changshu Tianyin autocorrelation shows the relationship between Changshu Tianyin stock current value and its past values and can show if there is a momentum factor associated with investing in Changshu Tianyin Electromechan.
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 Changshu Stock
Changshu Tianyin financial ratios help investors to determine whether Changshu 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 Changshu with respect to the benefits of owning Changshu Tianyin security.