Tuniu Corp Stock Market Value
| TOUR Stock | USD 1.02 0.01 0.97% |
| Symbol | Tuniu |
Tuniu Corp Price To Book Ratio
Is Hotels, Resorts & Cruise Lines 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 Tuniu Corp. If investors know Tuniu 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 Tuniu Corp 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 66.79 | Earnings Share (0.09) | Revenue Per Share 4.085 | Quarterly Revenue Growth 0.17 | Return On Assets 0.0264 |
The market value of Tuniu Corp is measured differently than its book value, which is the value of Tuniu that is recorded on the company's balance sheet. Investors also form their own opinion of Tuniu Corp's value that differs from its market value or its book value, called intrinsic value, which is Tuniu Corp'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 Tuniu Corp's market value can be influenced by many factors that don't directly affect Tuniu Corp'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 Tuniu Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tuniu Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tuniu Corp'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.
Tuniu Corp '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 Tuniu Corp'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 Tuniu Corp.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Tuniu Corp on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Tuniu Corp or generate 0.0% return on investment in Tuniu Corp over 30 days. Tuniu Corp is related to or competes with Yatra Online, Mondee Holdings, and TripAdvisor. Tuniu Corporation operates as an online leisure travel company in China More
Tuniu Corp 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 Tuniu Corp'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 Tuniu Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.79 | |||
| Information Ratio | 0.0584 | |||
| Maximum Drawdown | 51.45 | |||
| Value At Risk | (5.98) | |||
| Potential Upside | 9.26 |
Tuniu Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tuniu Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tuniu Corp's standard deviation. In reality, there are many statistical measures that can use Tuniu Corp historical prices to predict the future Tuniu Corp's volatility.| Risk Adjusted Performance | 0.0694 | |||
| Jensen Alpha | 0.4164 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.0981 | |||
| Treynor Ratio | 0.7812 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tuniu Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tuniu Corp Backtested Returns
Tuniu Corp appears to be extremely dangerous, given 3 months investment horizon. Tuniu Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0839, which indicates the firm had a 0.0839% return per unit of risk over the last 3 months. By inspecting Tuniu Corp's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please review Tuniu Corp's Risk Adjusted Performance of 0.0694, semi deviation of 3.12, and Coefficient Of Variation of 1265.83 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tuniu Corp holds a performance score of 6. The entity has a beta of 0.63, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tuniu Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tuniu Corp is expected to be smaller as well. Please check Tuniu Corp's potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether Tuniu Corp's existing price patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
Tuniu Corp has weak predictability. Overlapping area represents the amount of predictability between Tuniu Corp time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Tuniu Corp price movement. The serial correlation of 0.2 indicates that over 20.0% of current Tuniu Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tuniu Corp lagged returns against current returns
Autocorrelation, which is Tuniu Corp 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 Tuniu Corp's stock expected returns. We can calculate the autocorrelation of Tuniu Corp returns to help us make a trade decision. For example, suppose you find that Tuniu Corp 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 |
Tuniu Corp 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 Tuniu Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tuniu Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tuniu Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Tuniu Corp Lagged Returns
When evaluating Tuniu Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tuniu Corp stock have on its future price. Tuniu Corp 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, Tuniu Corp autocorrelation shows the relationship between Tuniu Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Tuniu Corp.
Regressed Prices |
| Timeline |
Pair Trading with Tuniu Corp
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 Tuniu Corp 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 Tuniu Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Tuniu Stock
Moving against Tuniu Stock
| 0.33 | DNUT | Krispy Kreme Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Tuniu Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tuniu Corp 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 Tuniu Corp - 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 Tuniu Corp to buy it.
The correlation of Tuniu Corp 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 Tuniu Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tuniu Corp 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 Tuniu Corp 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 Tuniu Stock Analysis
When running Tuniu Corp's price analysis, check to measure Tuniu Corp'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 Tuniu Corp is operating at the current time. Most of Tuniu Corp's value examination focuses on studying past and present price action to predict the probability of Tuniu Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tuniu Corp's price. Additionally, you may evaluate how the addition of Tuniu Corp to your portfolios can decrease your overall portfolio volatility.