TS Communications (China) Market Value
| 300570 Stock | 64.51 2.35 3.51% |
| Symbol | 300570 |
TS Communications '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 TS Communications' 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 TS Communications.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in TS Communications on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding TS Communications Co or generate 0.0% return on investment in TS Communications over 30 days. TS Communications is related to or competes with Shenzhen MYS, Shenzhen Bingchuan, Jizhong Energy, Hangzhou Huawang, Henan Lantian, Chongqing Changan, and Shanxi Xishan. TS Communications is entity of China. It is traded as Stock on SHE exchange. More
TS Communications 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 TS Communications' 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 TS Communications Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.54 | |||
| Information Ratio | 0.2119 | |||
| Maximum Drawdown | 35.59 | |||
| Value At Risk | (5.57) | |||
| Potential Upside | 15.28 |
TS Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TS Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TS Communications' standard deviation. In reality, there are many statistical measures that can use TS Communications historical prices to predict the future TS Communications' volatility.| Risk Adjusted Performance | 0.1876 | |||
| Jensen Alpha | 1.64 | |||
| Total Risk Alpha | 0.4551 | |||
| Sortino Ratio | 0.2866 | |||
| Treynor Ratio | (0.78) |
TS Communications Backtested Returns
TS Communications is not too volatile given 3 months investment horizon. TS Communications retains Efficiency (Sharpe Ratio) of 0.26, which indicates the firm had a 0.26% return per unit of price deviation over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.71% are justified by taking the suggested risk. Use TS Communications Mean Deviation of 4.26, downside deviation of 4.54, and Risk Adjusted Performance of 0.1876 to evaluate company specific risk that cannot be diversified away. TS Communications holds a performance score of 20 on a scale of zero to a hundred. The entity owns a Beta (Systematic Risk) of -1.83, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning TS Communications are expected to decrease by larger amounts. On the other hand, during market turmoil, TS Communications is expected to outperform it. Use TS Communications semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on TS Communications.
Auto-correlation | -0.41 |
Modest reverse predictability
TS Communications Co has modest reverse predictability. Overlapping area represents the amount of predictability between TS Communications time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 TS Communications price movement. The serial correlation of -0.41 indicates that just about 41.0% of current TS Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 22.58 |
TS Communications lagged returns against current returns
Autocorrelation, which is TS Communications 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 TS Communications' stock expected returns. We can calculate the autocorrelation of TS Communications returns to help us make a trade decision. For example, suppose you find that TS Communications 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 |
TS Communications 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 TS Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TS Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TS Communications stock over time.
Current vs Lagged Prices |
| Timeline |
TS Communications Lagged Returns
When evaluating TS Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TS Communications stock have on its future price. TS Communications 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, TS Communications autocorrelation shows the relationship between TS Communications stock current value and its past values and can show if there is a momentum factor associated with investing in TS Communications Co.
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 300570 Stock
TS Communications financial ratios help investors to determine whether 300570 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 300570 with respect to the benefits of owning TS Communications security.