Top Choice (China) Market Value
| 600763 Stock | 47.11 0.51 1.09% |
| Symbol | Top |
Top Choice '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 Top Choice'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 Top Choice.
| 09/26/2024 |
| 03/25/2025 |
If you would invest 0.00 in Top Choice on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding Top Choice Medical or generate 0.0% return on investment in Top Choice over 180 days. Top Choice is related to or competes with Shengda Mining, Tibet Huayu, Tianjin Pengling, NBTM New, North Copper, Shandong Mining, and Rising Nonferrous. Top Choice is entity of China. It is traded as Stock on SHG exchange. More
Top Choice 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 Top Choice'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 Top Choice Medical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.55 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 2.75 |
Top Choice Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Top Choice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Top Choice's standard deviation. In reality, there are many statistical measures that can use Top Choice historical prices to predict the future Top Choice's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.9563 |
Top Choice Medical Backtested Returns
At this point, Top Choice is very steady. Top Choice Medical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0247, which indicates the firm had a 0.0247 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Top Choice Medical, which you can use to evaluate the volatility of the company. Please validate Top Choice's Variance of 4.14, coefficient of variation of (2,088), and Risk Adjusted Performance of (0.04) to confirm if the risk estimate we provide is consistent with the expected return of 0.052%. Top Choice has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Top Choice are expected to decrease at a much lower rate. During the bear market, Top Choice is likely to outperform the market. Top Choice Medical right now has a risk of 2.1%. Please validate Top Choice treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Top Choice will be following its existing price patterns.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Top Choice Medical has insignificant reverse predictability. Overlapping area represents the amount of predictability between Top Choice time series from 26th of September 2024 to 25th of December 2024 and 25th of December 2024 to 25th of March 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 Top Choice Medical price movement. The serial correlation of -0.18 indicates that over 18.0% of current Top Choice price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 4.26 |
Top Choice Medical lagged returns against current returns
Autocorrelation, which is Top Choice 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 Top Choice's stock expected returns. We can calculate the autocorrelation of Top Choice returns to help us make a trade decision. For example, suppose you find that Top Choice 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 |
Top Choice 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 Top Choice stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Top Choice stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Top Choice stock over time.
Current vs Lagged Prices |
| Timeline |
Top Choice Lagged Returns
When evaluating Top Choice's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Top Choice stock have on its future price. Top Choice 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, Top Choice autocorrelation shows the relationship between Top Choice stock current value and its past values and can show if there is a momentum factor associated with investing in Top Choice Medical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Top Stock
Top Choice financial ratios help investors to determine whether Top 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 Top with respect to the benefits of owning Top Choice security.