Tianjin Hi's market value is the price at which a share of Tianjin Hi trades on a public exchange. It measures the collective expectations of Tianjin Hi Tech Development investors about its performance. Tianjin Hi is trading at 2.86 as of the 1st of February 2025, a 0.69 percent decrease since the beginning of the trading day. The stock's open price was 2.88. With this module, you can estimate the performance of a buy and hold strategy of Tianjin Hi Tech Development and determine expected loss or profit from investing in Tianjin Hi over a given investment horizon. Check out Tianjin Hi Correlation, Tianjin Hi Volatility and Tianjin Hi Alpha and Beta module to complement your research on Tianjin Hi.
Please note, there is a significant difference between Tianjin Hi's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tianjin Hi is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tianjin Hi'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.
Tianjin Hi '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 Tianjin Hi'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 Tianjin Hi.
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01/02/2025
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In 30 days
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If you would invest 0.00 in Tianjin Hi on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Tianjin Hi Tech Development or generate 0.0% return on investment in Tianjin Hi over 30 days. Tianjin Hi is related to or competes with Sino-Platinum Metals, Allwin Telecommunicatio, Hefei Metalforming, Jiaozuo Wanfang, State Grid, Rising Nonferrous, and Dr Peng. Tianjin Hi is entity of China. It is traded as Stock on SHG exchange. More
Tianjin Hi 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 Tianjin Hi'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 Tianjin Hi Tech Development 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 Tianjin Hi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tianjin Hi's standard deviation. In reality, there are many statistical measures that can use Tianjin Hi historical prices to predict the future Tianjin Hi's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tianjin Hi. Your research has to be compared to or analyzed against Tianjin Hi's peers to derive any actionable benefits. When done correctly, Tianjin Hi'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 Tianjin Hi Tech.
Tianjin Hi Tech Backtested Returns
At this point, Tianjin Hi is risky. Tianjin Hi Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.034, which indicates the firm had a 0.034 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tianjin Hi Tech Development, which you can use to evaluate the volatility of the company. Please validate Tianjin Hi's Risk Adjusted Performance of 0.0326, semi deviation of 3.54, and Coefficient Of Variation of 3359.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Tianjin Hi has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.79, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tianjin Hi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tianjin Hi is expected to be smaller as well. Tianjin Hi Tech right now has a risk of 3.45%. Please validate Tianjin Hi mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Tianjin Hi will be following its existing price patterns.
Auto-correlation
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No correlation between past and present
Tianjin Hi Tech Development has no correlation between past and present. Overlapping area represents the amount of predictability between Tianjin Hi time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Tianjin Hi Tech price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tianjin Hi price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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Tianjin Hi Tech lagged returns against current returns
Autocorrelation, which is Tianjin Hi 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 Tianjin Hi's stock expected returns. We can calculate the autocorrelation of Tianjin Hi returns to help us make a trade decision. For example, suppose you find that Tianjin Hi 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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Tianjin Hi 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 Tianjin Hi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tianjin Hi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tianjin Hi stock over time.
Current vs Lagged Prices
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Tianjin Hi Lagged Returns
When evaluating Tianjin Hi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tianjin Hi stock have on its future price. Tianjin Hi 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, Tianjin Hi autocorrelation shows the relationship between Tianjin Hi stock current value and its past values and can show if there is a momentum factor associated with investing in Tianjin Hi Tech Development.
Tianjin Hi financial ratios help investors to determine whether Tianjin 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 Tianjin with respect to the benefits of owning Tianjin Hi security.