Tcl Electronics Holdings Stock Market Value
| TCLHF Stock | USD 0.67 0.03 4.69% |
| Symbol | TCL |
TCL Electronics '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 TCL Electronics' pink sheet 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 TCL Electronics.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in TCL Electronics on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding TCL Electronics Holdings or generate 0.0% return on investment in TCL Electronics over 720 days. TCL Electronics is related to or competes with Apple, Xiaomi Corp, Samsung Electronics, LG Display, Sonos, Vizio Holding, and Sony Group. TCL Electronics Holdings Limited, an investment holding company, operates as a consumer electronics company in the Peopl... More
TCL Electronics 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 TCL Electronics' pink sheet 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 TCL Electronics Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.15 | |||
| Information Ratio | 0.0419 | |||
| Maximum Drawdown | 31.89 | |||
| Value At Risk | (8.57) | |||
| Potential Upside | 11.27 |
TCL Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TCL Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TCL Electronics' standard deviation. In reality, there are many statistical measures that can use TCL Electronics historical prices to predict the future TCL Electronics' volatility.| Risk Adjusted Performance | 0.0607 | |||
| Jensen Alpha | 0.288 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.0229 | |||
| Treynor Ratio | 0.9454 |
TCL Electronics Holdings Backtested Returns
TCL Electronics appears to be abnormally volatile, given 3 months investment horizon. TCL Electronics Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0859, which indicates the company had a 0.0859% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for TCL Electronics Holdings, which you can use to evaluate the volatility of the entity. Please review TCL Electronics' Risk Adjusted Performance of 0.0607, market risk adjusted performance of 0.9554, and Downside Deviation of 9.15 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TCL Electronics holds a performance score of 6. The firm has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TCL Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding TCL Electronics is expected to be smaller as well. Please check TCL Electronics' semi variance, day median price, and the relationship between the value at risk and kurtosis , to make a quick decision on whether TCL Electronics' existing price patterns will revert.
Auto-correlation | 0.19 |
Very weak predictability
TCL Electronics Holdings has very weak predictability. Overlapping area represents the amount of predictability between TCL Electronics time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 TCL Electronics Holdings price movement. The serial correlation of 0.19 indicates that over 19.0% of current TCL Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
TCL Electronics Holdings lagged returns against current returns
Autocorrelation, which is TCL Electronics pink sheet'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 TCL Electronics' pink sheet expected returns. We can calculate the autocorrelation of TCL Electronics returns to help us make a trade decision. For example, suppose you find that TCL Electronics has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
TCL Electronics 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 TCL Electronics pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TCL Electronics pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TCL Electronics pink sheet over time.
Current vs Lagged Prices |
| Timeline |
TCL Electronics Lagged Returns
When evaluating TCL Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TCL Electronics pink sheet have on its future price. TCL Electronics 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, TCL Electronics autocorrelation shows the relationship between TCL Electronics pink sheet current value and its past values and can show if there is a momentum factor associated with investing in TCL Electronics Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in TCL Pink Sheet
TCL Electronics financial ratios help investors to determine whether TCL Pink Sheet 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 TCL with respect to the benefits of owning TCL Electronics security.