Tsingtao Brewery (China) Market Value
| 600600 Stock | 69.83 2.67 3.68% |
| Symbol | Tsingtao |
Tsingtao Brewery '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 Tsingtao Brewery'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 Tsingtao Brewery.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Tsingtao Brewery on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Tsingtao Brewery Co or generate 0.0% return on investment in Tsingtao Brewery over 270 days. Tsingtao Brewery is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Tsingtao Brewery is entity of China. It is traded as Stock on SHG exchange. More
Tsingtao Brewery 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 Tsingtao Brewery'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 Tsingtao Brewery Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | 0.0107 | |||
| Maximum Drawdown | 18.38 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 8.61 |
Tsingtao Brewery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tsingtao Brewery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tsingtao Brewery's standard deviation. In reality, there are many statistical measures that can use Tsingtao Brewery historical prices to predict the future Tsingtao Brewery's volatility.| Risk Adjusted Performance | 0.0475 | |||
| Jensen Alpha | 0.2085 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0126 | |||
| Treynor Ratio | (0.35) |
Tsingtao Brewery Backtested Returns
Tsingtao Brewery appears to be very steady, given 3 months investment horizon. Tsingtao Brewery owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tsingtao Brewery Co, which you can use to evaluate the volatility of the company. Please review Tsingtao Brewery's Coefficient Of Variation of 1923.42, risk adjusted performance of 0.0475, and Semi Deviation of 2.51 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tsingtao Brewery holds a performance score of 9. The entity has a beta of -0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tsingtao Brewery are expected to decrease at a much lower rate. During the bear market, Tsingtao Brewery is likely to outperform the market. Please check Tsingtao Brewery's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Tsingtao Brewery's existing price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Tsingtao Brewery Co has poor reverse predictability. Overlapping area represents the amount of predictability between Tsingtao Brewery time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Tsingtao Brewery price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Tsingtao Brewery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 35.68 |
Tsingtao Brewery lagged returns against current returns
Autocorrelation, which is Tsingtao Brewery 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 Tsingtao Brewery's stock expected returns. We can calculate the autocorrelation of Tsingtao Brewery returns to help us make a trade decision. For example, suppose you find that Tsingtao Brewery 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 |
Tsingtao Brewery 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 Tsingtao Brewery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tsingtao Brewery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tsingtao Brewery stock over time.
Current vs Lagged Prices |
| Timeline |
Tsingtao Brewery Lagged Returns
When evaluating Tsingtao Brewery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tsingtao Brewery stock have on its future price. Tsingtao Brewery 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, Tsingtao Brewery autocorrelation shows the relationship between Tsingtao Brewery stock current value and its past values and can show if there is a momentum factor associated with investing in Tsingtao Brewery Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tsingtao Stock
Tsingtao Brewery financial ratios help investors to determine whether Tsingtao 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 Tsingtao with respect to the benefits of owning Tsingtao Brewery security.