Up Fintech Holding Stock Market Value
| TIGR Stock | USD 5.55 0.05 0.89% |
| Symbol | TIGR |
Up Fintech Holding Price To Book Ratio
Is Investment Banking & Brokerage space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Up Fintech. If investors know TIGR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Up Fintech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.231 | Earnings Share 0.13 | Revenue Per Share 1.771 | Quarterly Revenue Growth 0.471 | Return On Assets 0.0064 |
The market value of Up Fintech Holding is measured differently than its book value, which is the value of TIGR that is recorded on the company's balance sheet. Investors also form their own opinion of Up Fintech's value that differs from its market value or its book value, called intrinsic value, which is Up Fintech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Up Fintech's market value can be influenced by many factors that don't directly affect Up Fintech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Up Fintech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Up Fintech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Up Fintech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Up Fintech '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 Up Fintech'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 Up Fintech.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Up Fintech on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Up Fintech Holding or generate 0.0% return on investment in Up Fintech over 720 days. Up Fintech is related to or competes with Bit Digital, Marathon Digital, Xp, Bitfarms, Riot Blockchain, Hut 8, and CleanSpark. UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors More
Up Fintech 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 Up Fintech'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 Up Fintech Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.96 | |||
| Information Ratio | 0.0866 | |||
| Maximum Drawdown | 50.88 | |||
| Value At Risk | (13.93) | |||
| Potential Upside | 16.59 |
Up Fintech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Up Fintech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Up Fintech's standard deviation. In reality, there are many statistical measures that can use Up Fintech historical prices to predict the future Up Fintech's volatility.| Risk Adjusted Performance | 0.0846 | |||
| Jensen Alpha | 0.7338 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.1111 | |||
| Treynor Ratio | 0.6259 |
Up Fintech Holding Backtested Returns
Up Fintech appears to be very risky, given 3 months investment horizon. Up Fintech Holding retains Efficiency (Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of price deviation over the last 3 months. By inspecting Up Fintech's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please review Up Fintech's Risk Adjusted Performance of 0.0846, downside deviation of 6.96, and Mean Deviation of 5.96 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Up Fintech holds a performance score of 8. The entity owns a Beta (Systematic Risk) of 1.39, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Up Fintech will likely underperform. Please check Up Fintech's coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Up Fintech's current price history will revert.
Auto-correlation | 0.37 |
Below average predictability
Up Fintech Holding has below average predictability. Overlapping area represents the amount of predictability between Up Fintech time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Up Fintech Holding price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Up Fintech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.69 |
Up Fintech Holding lagged returns against current returns
Autocorrelation, which is Up Fintech 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 Up Fintech's stock expected returns. We can calculate the autocorrelation of Up Fintech returns to help us make a trade decision. For example, suppose you find that Up Fintech 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 |
Up Fintech 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 Up Fintech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Up Fintech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Up Fintech stock over time.
Current vs Lagged Prices |
| Timeline |
Up Fintech Lagged Returns
When evaluating Up Fintech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Up Fintech stock have on its future price. Up Fintech 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, Up Fintech autocorrelation shows the relationship between Up Fintech stock current value and its past values and can show if there is a momentum factor associated with investing in Up Fintech Holding.
Regressed Prices |
| Timeline |
Pair Trading with Up Fintech
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Up Fintech position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Up Fintech will appreciate offsetting losses from the drop in the long position's value.Moving against TIGR Stock
The ability to find closely correlated positions to Up Fintech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Up Fintech when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Up Fintech - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Up Fintech Holding to buy it.
The correlation of Up Fintech is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Up Fintech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Up Fintech Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Up Fintech can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for TIGR Stock Analysis
When running Up Fintech's price analysis, check to measure Up Fintech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Up Fintech is operating at the current time. Most of Up Fintech's value examination focuses on studying past and present price action to predict the probability of Up Fintech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Up Fintech's price. Additionally, you may evaluate how the addition of Up Fintech to your portfolios can decrease your overall portfolio volatility.