Tianjin Hi (China) Market Value
| 600082 Stock | 2.99 0.02 0.66% |
| Symbol | Tianjin |
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.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Tianjin Hi on September 27, 2024 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 60 days. Tianjin Hi is related to or competes with Nanjing Putian, Shenzhen Hifuture, Shenyang Huitian, Jiangsu Xinning, Hubei Geoway, Yunnan Yuntou, and Datang Telecom. 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.
| Downside Deviation | 3.27 | |||
| Information Ratio | 0.1454 | |||
| Maximum Drawdown | 20.06 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 7.93 |
Tianjin Hi Market Risk Indicators
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.| Risk Adjusted Performance | 0.1457 | |||
| Jensen Alpha | 0.6614 | |||
| Total Risk Alpha | 0.0825 | |||
| Sortino Ratio | 0.1639 | |||
| Treynor Ratio | (11.59) |
Tianjin Hi Tech Backtested Returns
Tianjin Hi appears to be very risky, given 3 months investment horizon. Tianjin Hi Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the firm had a 0.23% return per unit of risk over the last 3 months. By inspecting Tianjin Hi's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please review Tianjin Hi's Semi Deviation of 2.8, risk adjusted performance of 0.1457, and Coefficient Of Variation of 554.64 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tianjin Hi holds a performance score of 17. The entity has a beta of -0.0565, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tianjin Hi are expected to decrease at a much lower rate. During the bear market, Tianjin Hi is likely to outperform the market. Please check Tianjin Hi's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Tianjin Hi's existing price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Tianjin Hi Tech Development has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tianjin Hi time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th of November 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 Tianjin Hi Tech price movement. The serial correlation of -0.17 indicates that over 17.0% of current Tianjin Hi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
| Timeline |
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 |
| Timeline |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tianjin Stock
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.