Tianjin Yiyi (China) Market Value
| 001206 Stock | 22.20 1.05 4.96% |
| Symbol | Tianjin |
Tianjin Yiyi '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 Tianjin Yiyi'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 Tianjin Yiyi.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Tianjin Yiyi on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Tianjin Yiyi Hygiene or generate 0.0% return on investment in Tianjin Yiyi over 30 days. Tianjin Yiyi is related to or competes with Bloomage Biotechnology, China Sports, Cansino Biologics, Shuhua Sports, Shanghai Yaoji, and Hainan Haiqi. Tianjin Yiyi is entity of China. It is traded as Stock on SHE exchange. More
Tianjin Yiyi 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 Tianjin Yiyi'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 Tianjin Yiyi Hygiene upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.2301 | |||
| Maximum Drawdown | 15.29 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 5.25 |
Tianjin Yiyi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tianjin Yiyi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tianjin Yiyi's standard deviation. In reality, there are many statistical measures that can use Tianjin Yiyi historical prices to predict the future Tianjin Yiyi's volatility.| Risk Adjusted Performance | 0.2075 | |||
| Jensen Alpha | 0.7505 | |||
| Total Risk Alpha | 0.678 | |||
| Sortino Ratio | 0.3043 | |||
| Treynor Ratio | 5.87 |
Tianjin Yiyi Hygiene Backtested Returns
Tianjin Yiyi appears to be not too volatile, given 3 months investment horizon. Tianjin Yiyi Hygiene owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22 % return per unit of risk over the last 3 months. By inspecting Tianjin Yiyi's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please review Tianjin Yiyi's Coefficient Of Variation of 417.62, semi deviation of 1.85, and Risk Adjusted Performance of 0.2075 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tianjin Yiyi holds a performance score of 17. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tianjin Yiyi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tianjin Yiyi is expected to be smaller as well. Please check Tianjin Yiyi's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Tianjin Yiyi's existing price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Tianjin Yiyi Hygiene has good predictability. Overlapping area represents the amount of predictability between Tianjin Yiyi time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 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 Tianjin Yiyi Hygiene price movement. The serial correlation of 0.72 indicates that around 72.0% of current Tianjin Yiyi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.54 |
Tianjin Yiyi Hygiene lagged returns against current returns
Autocorrelation, which is Tianjin Yiyi 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 Tianjin Yiyi's stock expected returns. We can calculate the autocorrelation of Tianjin Yiyi returns to help us make a trade decision. For example, suppose you find that Tianjin Yiyi 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 |
Tianjin Yiyi 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 Tianjin Yiyi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tianjin Yiyi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tianjin Yiyi stock over time.
Current vs Lagged Prices |
| Timeline |
Tianjin Yiyi Lagged Returns
When evaluating Tianjin Yiyi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tianjin Yiyi stock have on its future price. Tianjin Yiyi 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, Tianjin Yiyi autocorrelation shows the relationship between Tianjin Yiyi stock current value and its past values and can show if there is a momentum factor associated with investing in Tianjin Yiyi Hygiene.
Regressed Prices |
| Timeline |
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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 Tianjin Stock
Tianjin Yiyi financial ratios help investors to determine whether Tianjin 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 Tianjin with respect to the benefits of owning Tianjin Yiyi security.