TCL Zhonghuan (China) Market Value
| 002129 Stock | 9.02 0.17 1.92% |
| Symbol | TCL |
TCL Zhonghuan '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 TCL Zhonghuan'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 TCL Zhonghuan.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in TCL Zhonghuan on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding TCL Zhonghuan Renewable or generate 0.0% return on investment in TCL Zhonghuan over 90 days. TCL Zhonghuan is related to or competes with Nanjing Putian, Jilin Jlu, Datang Telecom, Digital China, Telling Telecommunicatio, Shenzhen SDG, and Guangxi Wuzhou. TCL Zhonghuan is entity of China. It is traded as Stock on SHE exchange. More
TCL Zhonghuan 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 TCL Zhonghuan'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 TCL Zhonghuan Renewable upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.06 |
TCL Zhonghuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TCL Zhonghuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TCL Zhonghuan's standard deviation. In reality, there are many statistical measures that can use TCL Zhonghuan historical prices to predict the future TCL Zhonghuan's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | 0.0544 | |||
| Treynor Ratio | (0.84) |
TCL Zhonghuan Renewable Backtested Returns
TCL Zhonghuan Renewable owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0387, which indicates the company had a -0.0387 % return per unit of standard deviation over the last 3 months. TCL Zhonghuan Renewable exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TCL Zhonghuan's Standard Deviation of 1.87, risk adjusted performance of (0.07), and Market Risk Adjusted Performance of (0.83) to confirm the risk estimate we provide. The firm has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TCL Zhonghuan's returns are expected to increase less than the market. However, during the bear market, the loss of holding TCL Zhonghuan is expected to be smaller as well. At this point, TCL Zhonghuan Renewable has a negative expected return of -0.0737%. Please make sure to validate TCL Zhonghuan's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if TCL Zhonghuan Renewable performance from the past will be repeated at future time.
Auto-correlation | -0.38 |
Poor reverse predictability
TCL Zhonghuan Renewable has poor reverse predictability. Overlapping area represents the amount of predictability between TCL Zhonghuan time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 TCL Zhonghuan Renewable price movement. The serial correlation of -0.38 indicates that just about 38.0% of current TCL Zhonghuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
TCL Zhonghuan Renewable lagged returns against current returns
Autocorrelation, which is TCL Zhonghuan 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 TCL Zhonghuan's stock expected returns. We can calculate the autocorrelation of TCL Zhonghuan returns to help us make a trade decision. For example, suppose you find that TCL Zhonghuan 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 |
TCL Zhonghuan 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 TCL Zhonghuan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TCL Zhonghuan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TCL Zhonghuan stock over time.
Current vs Lagged Prices |
| Timeline |
TCL Zhonghuan Lagged Returns
When evaluating TCL Zhonghuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TCL Zhonghuan stock have on its future price. TCL Zhonghuan 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, TCL Zhonghuan autocorrelation shows the relationship between TCL Zhonghuan stock current value and its past values and can show if there is a momentum factor associated with investing in TCL Zhonghuan Renewable.
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 TCL Stock
TCL Zhonghuan financial ratios help investors to determine whether TCL 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 TCL with respect to the benefits of owning TCL Zhonghuan security.