Tiangong International (Germany) Market Value
| 34T1 Stock | EUR 0.25 0.01 4.17% |
| Symbol | Tiangong |
Tiangong International '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 Tiangong International'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 Tiangong International.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Tiangong International on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Tiangong International or generate 0.0% return on investment in Tiangong International over 720 days. Tiangong International is related to or competes with TSOGO SUN, HOCHSCHILD MINING, CPU SOFTWAREHOUSE, ASURE SOFTWARE, International Game, Scientific Games, and CI GAMES. Tiangong International Company Limited produces and sells die steel , high speed steel , cutting tools, and titanium all... More
Tiangong International 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 Tiangong International'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 Tiangong International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.89 | |||
| Information Ratio | 0.1269 | |||
| Maximum Drawdown | 23.76 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 8.7 |
Tiangong International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tiangong International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tiangong International's standard deviation. In reality, there are many statistical measures that can use Tiangong International historical prices to predict the future Tiangong International's volatility.| Risk Adjusted Performance | 0.1301 | |||
| Jensen Alpha | 0.596 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.091 | |||
| Treynor Ratio | 1.26 |
Tiangong International Backtested Returns
Tiangong International appears to be out of control, given 3 months investment horizon. Tiangong International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting Tiangong International's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please review Tiangong International's Semi Deviation of 2.89, risk adjusted performance of 0.1301, and Coefficient Of Variation of 626.91 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tiangong International holds a performance score of 14. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tiangong International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tiangong International is expected to be smaller as well. Please check Tiangong International's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Tiangong International's existing price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Tiangong International has poor predictability. Overlapping area represents the amount of predictability between Tiangong International time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Tiangong International price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Tiangong International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tiangong International lagged returns against current returns
Autocorrelation, which is Tiangong International 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 Tiangong International's stock expected returns. We can calculate the autocorrelation of Tiangong International returns to help us make a trade decision. For example, suppose you find that Tiangong International 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 |
Tiangong International 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 Tiangong International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tiangong International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tiangong International stock over time.
Current vs Lagged Prices |
| Timeline |
Tiangong International Lagged Returns
When evaluating Tiangong International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tiangong International stock have on its future price. Tiangong International 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, Tiangong International autocorrelation shows the relationship between Tiangong International stock current value and its past values and can show if there is a momentum factor associated with investing in Tiangong International.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Tiangong Stock Analysis
When running Tiangong International's price analysis, check to measure Tiangong International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tiangong International is operating at the current time. Most of Tiangong International's value examination focuses on studying past and present price action to predict the probability of Tiangong International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tiangong International's price. Additionally, you may evaluate how the addition of Tiangong International to your portfolios can decrease your overall portfolio volatility.