TENCNT 3975 11 APR 29 Market Value
| 88032WAN6 | 94.73 0.00 0.00% |
| Symbol | TENCNT |
Please note, there is a significant difference between TENCNT's value and its price as these two are different measures arrived at by different means. Investors typically determine if TENCNT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TENCNT'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.
TENCNT '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 TENCNT's bond 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 TENCNT.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in TENCNT on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding TENCNT 3975 11 APR 29 or generate 0.0% return on investment in TENCNT over 180 days. TENCNT is related to or competes with Iridium Communications, WiMi Hologram, Pinterest, CECO Environmental, Western Acquisition, Reservoir Media, and Hurco Companies. More
TENCNT 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 TENCNT's bond 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 TENCNT 3975 11 APR 29 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8706 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.48 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 1.18 |
TENCNT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TENCNT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TENCNT's standard deviation. In reality, there are many statistical measures that can use TENCNT historical prices to predict the future TENCNT's volatility.| Risk Adjusted Performance | 0.0771 | |||
| Jensen Alpha | 0.0542 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.6237 |
TENCNT 75 11 Backtested Returns
TENCNT 75 11 owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.49, which indicates the bond had a -0.49% return per unit of standard deviation over the last 3 months. TENCNT 3975 11 APR 29 exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TENCNT's risk adjusted performance of 0.0771, and Coefficient Of Variation of 993.76 to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TENCNT's returns are expected to increase less than the market. However, during the bear market, the loss of holding TENCNT is expected to be smaller as well.
Auto-correlation | -0.68 |
Very good reverse predictability
TENCNT 3975 11 APR 29 has very good reverse predictability. Overlapping area represents the amount of predictability between TENCNT time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 TENCNT 75 11 price movement. The serial correlation of -0.68 indicates that around 68.0% of current TENCNT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
TENCNT 75 11 lagged returns against current returns
Autocorrelation, which is TENCNT bond'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 TENCNT's bond expected returns. We can calculate the autocorrelation of TENCNT returns to help us make a trade decision. For example, suppose you find that TENCNT has exhibited high autocorrelation historically, and you observe that the bond 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 |
TENCNT 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 TENCNT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TENCNT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TENCNT bond over time.
Current vs Lagged Prices |
| Timeline |
TENCNT Lagged Returns
When evaluating TENCNT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TENCNT bond have on its future price. TENCNT 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, TENCNT autocorrelation shows the relationship between TENCNT bond current value and its past values and can show if there is a momentum factor associated with investing in TENCNT 3975 11 APR 29.
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 TENCNT Bond
TENCNT financial ratios help investors to determine whether TENCNT Bond 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 TENCNT with respect to the benefits of owning TENCNT security.