TPV Technology (China) Market Value
| 000727 Stock | 2.76 0.04 1.47% |
| Symbol | TPV |
TPV Technology '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 TPV Technology'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 TPV Technology.
| 10/23/2024 |
| 01/21/2025 |
If you would invest 0.00 in TPV Technology on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding TPV Technology Co or generate 0.0% return on investment in TPV Technology over 90 days. TPV Technology is related to or competes with Ningbo Ligong, Shenzhen Topway, Ye Chiu, Anhui Transport, and China Aluminum. TPV Technology is entity of China. It is traded as Stock on SHE exchange. More
TPV Technology 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 TPV Technology'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 TPV Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | 0.0873 | |||
| Maximum Drawdown | 17.26 | |||
| Value At Risk | (5.05) | |||
| Potential Upside | 9.86 |
TPV Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TPV Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TPV Technology's standard deviation. In reality, there are many statistical measures that can use TPV Technology historical prices to predict the future TPV Technology's volatility.| Risk Adjusted Performance | 0.0872 | |||
| Jensen Alpha | 0.3615 | |||
| Total Risk Alpha | 0.268 | |||
| Sortino Ratio | 0.1083 | |||
| Treynor Ratio | (3.99) |
TPV Technology Backtested Returns
TPV Technology appears to be risky, given 3 months investment horizon. TPV Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0844, which indicates the firm had a 0.0844 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for TPV Technology Co, which you can use to evaluate the volatility of the company. Please review TPV Technology's Coefficient Of Variation of 1053.42, semi deviation of 2.86, and Risk Adjusted Performance of 0.0872 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TPV Technology holds a performance score of 6. The entity has a beta of -0.0901, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning TPV Technology are expected to decrease at a much lower rate. During the bear market, TPV Technology is likely to outperform the market. Please check TPV Technology's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether TPV Technology's existing price patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
TPV Technology Co has very good reverse predictability. Overlapping area represents the amount of predictability between TPV Technology time series from 23rd of October 2024 to 7th of December 2024 and 7th of December 2024 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TPV Technology price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current TPV Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
TPV Technology lagged returns against current returns
Autocorrelation, which is TPV Technology 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 TPV Technology's stock expected returns. We can calculate the autocorrelation of TPV Technology returns to help us make a trade decision. For example, suppose you find that TPV Technology 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 |
TPV Technology 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 TPV Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TPV Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TPV Technology stock over time.
Current vs Lagged Prices |
| Timeline |
TPV Technology Lagged Returns
When evaluating TPV Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TPV Technology stock have on its future price. TPV Technology 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, TPV Technology autocorrelation shows the relationship between TPV Technology stock current value and its past values and can show if there is a momentum factor associated with investing in TPV Technology Co.
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 TPV Stock
TPV Technology financial ratios help investors to determine whether TPV 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 TPV with respect to the benefits of owning TPV Technology security.