Zhejiang Tailin's market value is the price at which a share of Zhejiang Tailin trades on a public exchange. It measures the collective expectations of Zhejiang Tailin Bioengineering investors about its performance. Zhejiang Tailin is trading at 16.68 as of the 13th of January 2025, a 0.72 percent increase since the beginning of the trading day. The stock's open price was 16.56. With this module, you can estimate the performance of a buy and hold strategy of Zhejiang Tailin Bioengineering and determine expected loss or profit from investing in Zhejiang Tailin over a given investment horizon. Check out Zhejiang Tailin Correlation, Zhejiang Tailin Volatility and Zhejiang Tailin Alpha and Beta module to complement your research on Zhejiang Tailin.
Please note, there is a significant difference between Zhejiang Tailin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhejiang Tailin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhejiang Tailin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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.
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.
Zhejiang Tailin Bioe shows Sharpe Ratio of -0.0737, which attests that the company had a -0.0737% return per unit of risk over the last 3 months. Zhejiang Tailin Bioe exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhejiang Tailin's Standard Deviation of 2.61, market risk adjusted performance of (3.39), and Mean Deviation of 2.01 to validate the risk estimate we provide. The firm maintains a market beta of 0.0766, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhejiang Tailin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhejiang Tailin is expected to be smaller as well. At this point, Zhejiang Tailin Bioe has a negative expected return of -0.19%. Please make sure to check out Zhejiang Tailin's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Zhejiang Tailin Bioe performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.67
Very good reverse predictability
Zhejiang Tailin Bioengineering has very good reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Tailin time series from 15th of October 2024 to 29th of November 2024 and 29th of November 2024 to 13th of January 2025. 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 -0.67 indicates that around 67.0% of current Zhejiang Tailin price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.67
Spearman Rank Test
-0.63
Residual Average
0.0
Price Variance
1.95
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.
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.