Zhejiang Tailin (China) Market Value
| 300813 Stock | 18.10 0.32 1.80% |
| Symbol | Zhejiang |
Zhejiang Tailin '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 Zhejiang Tailin'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 Zhejiang Tailin.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Zhejiang Tailin on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Tailin Bioengineering or generate 0.0% return on investment in Zhejiang Tailin over 30 days. Zhejiang Tailin is related to or competes with Olympic Circuit, Kuang Chi, Jiangsu Financial, Montage Technology, Keeson Technology, Niutech Environment, and Guangzhou KingTeller. Zhejiang Tailin is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang Tailin 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 Zhejiang Tailin'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 Zhejiang Tailin Bioengineering upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.11 | |||
| Information Ratio | 0.0441 | |||
| Maximum Drawdown | 32.13 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 4.72 |
Zhejiang Tailin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Tailin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Tailin's standard deviation. In reality, there are many statistical measures that can use Zhejiang Tailin historical prices to predict the future Zhejiang Tailin's volatility.| Risk Adjusted Performance | 0.0496 | |||
| Jensen Alpha | 0.2214 | |||
| Total Risk Alpha | 0.0881 | |||
| Sortino Ratio | 0.0434 | |||
| Treynor Ratio | (0.21) |
Zhejiang Tailin Bioe Backtested Returns
Zhejiang Tailin Bioe shows Sharpe Ratio of -0.0474, which attests that the company had a -0.0474% return per unit of risk over the last 3 months. Zhejiang Tailin Bioe exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhejiang Tailin's Downside Deviation of 4.11, mean deviation of 2.53, and Market Risk Adjusted Performance of (0.20) to validate the risk estimate we provide. The firm maintains a market beta of -0.94, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Zhejiang Tailin are expected to decrease slowly. On the other hand, during market turmoil, Zhejiang Tailin is expected to outperform it slightly. At this point, Zhejiang Tailin Bioe has a negative expected return of -0.17%. Please make sure to check out Zhejiang Tailin's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Zhejiang Tailin Bioe performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Zhejiang Tailin Bioengineering has below average predictability. Overlapping area represents the amount of predictability between Zhejiang Tailin time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Zhejiang Tailin Bioe price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Zhejiang Tailin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Zhejiang Tailin Bioe lagged returns against current returns
Autocorrelation, which is Zhejiang Tailin 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 Zhejiang Tailin's stock expected returns. We can calculate the autocorrelation of Zhejiang Tailin returns to help us make a trade decision. For example, suppose you find that Zhejiang Tailin 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 |
Zhejiang Tailin 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 Zhejiang Tailin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Tailin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Tailin stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Tailin Lagged Returns
When evaluating Zhejiang Tailin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Tailin stock have on its future price. Zhejiang Tailin 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, Zhejiang Tailin autocorrelation shows the relationship between Zhejiang Tailin stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Tailin Bioengineering.
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 Zhejiang Stock
Zhejiang Tailin financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Tailin security.