Tibet Summit (China) Market Value
| 600338 Stock | 12.17 0.76 5.88% |
| Symbol | Tibet |
Tibet Summit '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 Tibet Summit'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 Tibet Summit.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Tibet Summit on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tibet Summit Resources or generate 0.0% return on investment in Tibet Summit over 30 days. Tibet Summit is related to or competes with Shenzhen Centralcon, Guangzhou Boji, Hengkang Medical, Zoje Resources, Shenzhen Glory, Metro Investment, and Kontour Medical. Tibet Summit is entity of China. It is traded as Stock on SHG exchange. More
Tibet Summit 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 Tibet Summit'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 Tibet Summit Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.86 | |||
| Information Ratio | 0.129 | |||
| Maximum Drawdown | 19.58 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 5.8 |
Tibet Summit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tibet Summit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tibet Summit's standard deviation. In reality, there are many statistical measures that can use Tibet Summit historical prices to predict the future Tibet Summit's volatility.| Risk Adjusted Performance | 0.14 | |||
| Jensen Alpha | 0.5564 | |||
| Total Risk Alpha | 0.0358 | |||
| Sortino Ratio | 0.1344 | |||
| Treynor Ratio | (1.20) |
Tibet Summit Resources Backtested Returns
Tibet Summit appears to be somewhat reliable, given 3 months investment horizon. Tibet Summit Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Tibet Summit's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review Tibet Summit's Risk Adjusted Performance of 0.14, semi deviation of 2.45, and Coefficient Of Variation of 578.61 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tibet Summit holds a performance score of 14. The entity has a beta of -0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tibet Summit are expected to decrease at a much lower rate. During the bear market, Tibet Summit is likely to outperform the market. Please check Tibet Summit's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Tibet Summit's existing price patterns will revert.
Auto-correlation | 0.48 |
Average predictability
Tibet Summit Resources has average predictability. Overlapping area represents the amount of predictability between Tibet Summit time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Tibet Summit Resources price movement. The serial correlation of 0.48 indicates that about 48.0% of current Tibet Summit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Tibet Summit Resources lagged returns against current returns
Autocorrelation, which is Tibet Summit 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 Tibet Summit's stock expected returns. We can calculate the autocorrelation of Tibet Summit returns to help us make a trade decision. For example, suppose you find that Tibet Summit 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 |
Tibet Summit 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 Tibet Summit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tibet Summit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tibet Summit stock over time.
Current vs Lagged Prices |
| Timeline |
Tibet Summit Lagged Returns
When evaluating Tibet Summit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tibet Summit stock have on its future price. Tibet Summit 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, Tibet Summit autocorrelation shows the relationship between Tibet Summit stock current value and its past values and can show if there is a momentum factor associated with investing in Tibet Summit Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tibet Stock
Tibet Summit financial ratios help investors to determine whether Tibet 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 Tibet with respect to the benefits of owning Tibet Summit security.