Beijing Tiantan (China) Market Value
| 600161 Stock | 21.49 0.21 0.99% |
| Symbol | Beijing |
Beijing Tiantan '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 Beijing Tiantan'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 Beijing Tiantan.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Beijing Tiantan on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Tiantan Biological or generate 0.0% return on investment in Beijing Tiantan over 30 days. Beijing Tiantan is related to or competes with Sichuan Fulin, Anhui Transport, Suzhou Weizhixiang, Jiajia Food, Zhengzhou Qianweiyangchu, Guilin Seamild, and Shuhua Sports. Beijing Tiantan is entity of China. It is traded as Stock on SHG exchange. More
Beijing Tiantan 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 Beijing Tiantan'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 Beijing Tiantan Biological upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.02 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 4.24 |
Beijing Tiantan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Tiantan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Tiantan's standard deviation. In reality, there are many statistical measures that can use Beijing Tiantan historical prices to predict the future Beijing Tiantan's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.2742 |
Beijing Tiantan Biol Backtested Returns
At this point, Beijing Tiantan is not too volatile. Beijing Tiantan Biol secures Sharpe Ratio (or Efficiency) of 0.029, which signifies that the company had a 0.029% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Beijing Tiantan Biological, which you can use to evaluate the volatility of the firm. Please confirm Beijing Tiantan's Standard Deviation of 1.97, risk adjusted performance of (0.04), and Mean Deviation of 1.33 to double-check if the risk estimate we provide is consistent with the expected return of 0.0545%. Beijing Tiantan has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Beijing Tiantan are expected to decrease at a much lower rate. During the bear market, Beijing Tiantan is likely to outperform the market. Beijing Tiantan Biol right now shows a risk of 1.88%. Please confirm Beijing Tiantan Biol standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Beijing Tiantan Biol will be following its price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
Beijing Tiantan Biological has insignificant predictability. Overlapping area represents the amount of predictability between Beijing Tiantan time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Beijing Tiantan Biol price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Beijing Tiantan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Beijing Tiantan Biol lagged returns against current returns
Autocorrelation, which is Beijing Tiantan 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 Beijing Tiantan's stock expected returns. We can calculate the autocorrelation of Beijing Tiantan returns to help us make a trade decision. For example, suppose you find that Beijing Tiantan 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 |
Beijing Tiantan 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 Beijing Tiantan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Tiantan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Tiantan stock over time.
Current vs Lagged Prices |
| Timeline |
Beijing Tiantan Lagged Returns
When evaluating Beijing Tiantan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Tiantan stock have on its future price. Beijing Tiantan 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, Beijing Tiantan autocorrelation shows the relationship between Beijing Tiantan stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Tiantan Biological.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Beijing Stock
Beijing Tiantan financial ratios help investors to determine whether Beijing 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 Beijing with respect to the benefits of owning Beijing Tiantan security.