Tingyi Holding (Taiwan) Market Value
| 910322 Stock | TWD 20.90 0.60 2.79% |
| Symbol | Tingyi |
Tingyi Holding '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 Tingyi Holding'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 Tingyi Holding.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Tingyi Holding on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Tingyi Holding Corp or generate 0.0% return on investment in Tingyi Holding over 60 days. Tingyi Holding is related to or competes with Uni President, Lien Hwa, Great Wall, Standard Foods, TTET Union, Charoen Pokphand, and Lian Hwa. Tingyi Holding Corp., an investment holding company, engages in the manufacture and sale of instant noodles, beverages, ... More
Tingyi Holding 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 Tingyi Holding'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 Tingyi Holding Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | 0.031 | |||
| Maximum Drawdown | 12.64 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.39 |
Tingyi Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tingyi Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tingyi Holding's standard deviation. In reality, there are many statistical measures that can use Tingyi Holding historical prices to predict the future Tingyi Holding's volatility.| Risk Adjusted Performance | 0.0785 | |||
| Jensen Alpha | 0.2291 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0338 | |||
| Treynor Ratio | (0.45) |
Tingyi Holding Corp Backtested Returns
At this point, Tingyi Holding is not too volatile. Tingyi Holding Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0193, which indicates the firm had a 0.0193% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tingyi Holding Corp, which you can use to evaluate the volatility of the company. Please validate Tingyi Holding's Coefficient Of Variation of 1056.96, risk adjusted performance of 0.0785, and Semi Deviation of 1.51 to confirm if the risk estimate we provide is consistent with the expected return of 0.0375%. Tingyi Holding has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tingyi Holding are expected to decrease at a much lower rate. During the bear market, Tingyi Holding is likely to outperform the market. Tingyi Holding Corp right now has a risk of 1.95%. Please validate Tingyi Holding information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Tingyi Holding will be following its existing price patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
Tingyi Holding Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Tingyi Holding time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Tingyi Holding Corp price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Tingyi Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Tingyi Holding Corp lagged returns against current returns
Autocorrelation, which is Tingyi Holding 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 Tingyi Holding's stock expected returns. We can calculate the autocorrelation of Tingyi Holding returns to help us make a trade decision. For example, suppose you find that Tingyi Holding 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 |
Tingyi Holding 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 Tingyi Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tingyi Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tingyi Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Tingyi Holding Lagged Returns
When evaluating Tingyi Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tingyi Holding stock have on its future price. Tingyi Holding 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, Tingyi Holding autocorrelation shows the relationship between Tingyi Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Tingyi Holding Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Tingyi Stock
Tingyi Holding financial ratios help investors to determine whether Tingyi 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 Tingyi with respect to the benefits of owning Tingyi Holding security.