Dongguan Tarry's market value is the price at which a share of Dongguan Tarry trades on a public exchange. It measures the collective expectations of Dongguan Tarry Electronics investors about its performance. Dongguan Tarry is trading at 66.90 as of the 17th of January 2025, a 2.29 percent increase since the beginning of the trading day. The stock's open price was 65.4. With this module, you can estimate the performance of a buy and hold strategy of Dongguan Tarry Electronics and determine expected loss or profit from investing in Dongguan Tarry over a given investment horizon. Check out Dongguan Tarry Correlation, Dongguan Tarry Volatility and Dongguan Tarry Alpha and Beta module to complement your research on Dongguan Tarry.
Please note, there is a significant difference between Dongguan Tarry's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dongguan Tarry is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dongguan Tarry'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.
Dongguan Tarry '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 Dongguan Tarry'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 Dongguan Tarry.
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12/18/2024
No Change 0.00
0.0
In 31 days
01/17/2025
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If you would invest 0.00 in Dongguan Tarry on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Dongguan Tarry Electronics or generate 0.0% return on investment in Dongguan Tarry over 30 days. Dongguan Tarry is related to or competes with Healthcare, Meinian Onehealth, Heren Health, Anhui Huaren, Shanghai Rongtai, Jiangsu GDK, and Dezhan HealthCare. Dongguan Tarry is entity of China. It is traded as Stock on SHE exchange. More
Dongguan Tarry 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 Dongguan Tarry'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 Dongguan Tarry Electronics 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 Dongguan Tarry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongguan Tarry's standard deviation. In reality, there are many statistical measures that can use Dongguan Tarry historical prices to predict the future Dongguan Tarry's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dongguan Tarry. Your research has to be compared to or analyzed against Dongguan Tarry's peers to derive any actionable benefits. When done correctly, Dongguan Tarry's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dongguan Tarry Elect.
Dongguan Tarry Elect Backtested Returns
At this point, Dongguan Tarry is very steady. Dongguan Tarry Elect secures Sharpe Ratio (or Efficiency) of 0.0483, which denotes the company had a 0.0483% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dongguan Tarry Electronics, which you can use to evaluate the volatility of the firm. Please confirm Dongguan Tarry's Downside Deviation of 3.16, coefficient of variation of 2082.29, and Mean Deviation of 2.53 to check if the risk estimate we provide is consistent with the expected return of 0.17%. Dongguan Tarry has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dongguan Tarry are expected to decrease at a much lower rate. During the bear market, Dongguan Tarry is likely to outperform the market. Dongguan Tarry Elect right now shows a risk of 3.49%. Please confirm Dongguan Tarry Elect information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Dongguan Tarry Elect will be following its price patterns.
Auto-correlation
-0.52
Good reverse predictability
Dongguan Tarry Electronics has good reverse predictability. Overlapping area represents the amount of predictability between Dongguan Tarry time series from 18th of December 2024 to 2nd of January 2025 and 2nd of January 2025 to 17th 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 Dongguan Tarry Elect price movement. The serial correlation of -0.52 indicates that about 52.0% of current Dongguan Tarry price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.52
Spearman Rank Test
-0.21
Residual Average
0.0
Price Variance
2.28
Dongguan Tarry Elect lagged returns against current returns
Autocorrelation, which is Dongguan Tarry 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 Dongguan Tarry's stock expected returns. We can calculate the autocorrelation of Dongguan Tarry returns to help us make a trade decision. For example, suppose you find that Dongguan Tarry 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
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Dongguan Tarry 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 Dongguan Tarry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongguan Tarry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongguan Tarry stock over time.
Current vs Lagged Prices
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Dongguan Tarry Lagged Returns
When evaluating Dongguan Tarry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongguan Tarry stock have on its future price. Dongguan Tarry 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, Dongguan Tarry autocorrelation shows the relationship between Dongguan Tarry stock current value and its past values and can show if there is a momentum factor associated with investing in Dongguan Tarry Electronics.
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.
Dongguan Tarry financial ratios help investors to determine whether Dongguan 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 Dongguan with respect to the benefits of owning Dongguan Tarry security.