Tangshan Port (China) Market Value
| 601000 Stock | 4.53 0.02 0.44% |
| Symbol | Tangshan |
Tangshan Port '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 Tangshan Port'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 Tangshan Port.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Tangshan Port on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Tangshan Port Group or generate 0.0% return on investment in Tangshan Port over 30 days. Tangshan Port is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. Tangshan Port is entity of China. It is traded as Stock on SHG exchange. More
Tangshan Port 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 Tangshan Port'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 Tangshan Port Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.42 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 2.83 |
Tangshan Port Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tangshan Port's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tangshan Port's standard deviation. In reality, there are many statistical measures that can use Tangshan Port historical prices to predict the future Tangshan Port's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 0.4463 |
Tangshan Port Group Backtested Returns
Tangshan Port Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0697, which indicates the firm had a -0.0697% return per unit of risk over the last 3 months. Tangshan Port Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tangshan Port's Coefficient Of Variation of (1,030), variance of 4.72, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of -0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tangshan Port are expected to decrease at a much lower rate. During the bear market, Tangshan Port is likely to outperform the market. At this point, Tangshan Port Group has a negative expected return of -0.16%. Please make sure to validate Tangshan Port's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Tangshan Port Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Tangshan Port Group has average predictability. Overlapping area represents the amount of predictability between Tangshan Port time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Tangshan Port Group price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Tangshan Port price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tangshan Port Group lagged returns against current returns
Autocorrelation, which is Tangshan Port 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 Tangshan Port's stock expected returns. We can calculate the autocorrelation of Tangshan Port returns to help us make a trade decision. For example, suppose you find that Tangshan Port 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 |
Tangshan Port 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 Tangshan Port stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tangshan Port stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tangshan Port stock over time.
Current vs Lagged Prices |
| Timeline |
Tangshan Port Lagged Returns
When evaluating Tangshan Port's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tangshan Port stock have on its future price. Tangshan Port 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, Tangshan Port autocorrelation shows the relationship between Tangshan Port stock current value and its past values and can show if there is a momentum factor associated with investing in Tangshan Port Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tangshan Stock
Tangshan Port financial ratios help investors to determine whether Tangshan 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 Tangshan with respect to the benefits of owning Tangshan Port security.