Techshine Electronics (China) Market Value
| 301379 Stock | 20.93 0.36 1.75% |
| Symbol | Techshine |
Techshine Electronics '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 Techshine Electronics' 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 Techshine Electronics.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Techshine Electronics on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Techshine Electronics Co or generate 0.0% return on investment in Techshine Electronics over 30 days. Techshine Electronics is related to or competes with Sublime China, Shenzhen SDG, Guangzhou Ruoyuchen, Pengxin International, Hainan Mining, Chengtun Mining, and Zhengzhou Coal. Techshine Electronics is entity of China More
Techshine Electronics 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 Techshine Electronics' 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 Techshine Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.05 | |||
| Information Ratio | 0.0503 | |||
| Maximum Drawdown | 10.46 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 4.42 |
Techshine Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Techshine Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Techshine Electronics' standard deviation. In reality, there are many statistical measures that can use Techshine Electronics historical prices to predict the future Techshine Electronics' volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | 0.153 | |||
| Total Risk Alpha | 0.0925 | |||
| Sortino Ratio | 0.0449 | |||
| Treynor Ratio | 0.8372 |
Techshine Electronics Backtested Returns
At this point, Techshine Electronics is not too volatile. Techshine Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0322, which indicates the firm had a 0.0322 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Techshine Electronics Co, which you can use to evaluate the volatility of the company. Please validate Techshine Electronics' Semi Deviation of 2.86, coefficient of variation of 1634.71, and Risk Adjusted Performance of 0.0581 to confirm if the risk estimate we provide is consistent with the expected return of 0.0869%. Techshine Electronics has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Techshine Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Techshine Electronics is expected to be smaller as well. Techshine Electronics right now has a risk of 2.7%. Please validate Techshine Electronics mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Techshine Electronics will be following its existing price patterns.
Auto-correlation | -0.82 |
Excellent reverse predictability
Techshine Electronics Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Techshine Electronics time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th 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 Techshine Electronics price movement. The serial correlation of -0.82 indicates that around 82.0% of current Techshine Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Techshine Electronics lagged returns against current returns
Autocorrelation, which is Techshine Electronics 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 Techshine Electronics' stock expected returns. We can calculate the autocorrelation of Techshine Electronics returns to help us make a trade decision. For example, suppose you find that Techshine Electronics 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 |
Techshine Electronics 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 Techshine Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Techshine Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Techshine Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Techshine Electronics Lagged Returns
When evaluating Techshine Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Techshine Electronics stock have on its future price. Techshine Electronics 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, Techshine Electronics autocorrelation shows the relationship between Techshine Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Techshine Electronics 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 Techshine Stock
Techshine Electronics financial ratios help investors to determine whether Techshine 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 Techshine with respect to the benefits of owning Techshine Electronics security.