TianJin 712 (China) Market Value
| 603712 Stock | 21.27 0.12 0.56% |
| Symbol | TianJin |
TianJin 712 '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 TianJin 712'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 TianJin 712.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in TianJin 712 on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding TianJin 712 Communication or generate 0.0% return on investment in TianJin 712 over 720 days. TianJin 712 is related to or competes with Guangzhou Haige, Zhongtong Guomai, Zhengzhou Coal, Changchun Faway, Iat Automobile, Xiangyang Automobile, and Hainan Mining. TianJin 712 is entity of China. It is traded as Stock on SHG exchange. More
TianJin 712 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 TianJin 712'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 TianJin 712 Communication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.05 | |||
| Information Ratio | 0.1044 | |||
| Maximum Drawdown | 19.03 | |||
| Value At Risk | (4.54) | |||
| Potential Upside | 10.0 |
TianJin 712 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TianJin 712's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TianJin 712's standard deviation. In reality, there are many statistical measures that can use TianJin 712 historical prices to predict the future TianJin 712's volatility.| Risk Adjusted Performance | 0.1043 | |||
| Jensen Alpha | 0.5289 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1377 | |||
| Treynor Ratio | (6.86) |
TianJin 712 Communication Backtested Returns
TianJin 712 appears to be somewhat reliable, given 3 months investment horizon. TianJin 712 Communication owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting TianJin 712's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please review TianJin 712's Risk Adjusted Performance of 0.1043, coefficient of variation of 755.9, and Semi Deviation of 2.7 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TianJin 712 holds a performance score of 15. The entity has a beta of -0.076, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TianJin 712 are expected to decrease at a much lower rate. During the bear market, TianJin 712 is likely to outperform the market. Please check TianJin 712's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether TianJin 712's existing price patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
TianJin 712 Communication has very good predictability. Overlapping area represents the amount of predictability between TianJin 712 time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 TianJin 712 Communication price movement. The serial correlation of 0.85 indicates that around 85.0% of current TianJin 712 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 23.12 |
TianJin 712 Communication lagged returns against current returns
Autocorrelation, which is TianJin 712 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 TianJin 712's stock expected returns. We can calculate the autocorrelation of TianJin 712 returns to help us make a trade decision. For example, suppose you find that TianJin 712 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 |
TianJin 712 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 TianJin 712 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TianJin 712 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TianJin 712 stock over time.
Current vs Lagged Prices |
| Timeline |
TianJin 712 Lagged Returns
When evaluating TianJin 712's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TianJin 712 stock have on its future price. TianJin 712 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, TianJin 712 autocorrelation shows the relationship between TianJin 712 stock current value and its past values and can show if there is a momentum factor associated with investing in TianJin 712 Communication.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TianJin Stock
TianJin 712 financial ratios help investors to determine whether TianJin 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 TianJin with respect to the benefits of owning TianJin 712 security.