Taiji Computer (China) Market Value
| 002368 Stock | 24.56 0.80 3.15% |
| Symbol | Taiji |
Taiji Computer '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 Taiji Computer'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 Taiji Computer.
| 09/25/2024 |
| 12/24/2024 |
If you would invest 0.00 in Taiji Computer on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Taiji Computer Corp or generate 0.0% return on investment in Taiji Computer over 90 days. Taiji Computer is related to or competes with Kweichow Moutai, Shenzhen Mindray, Jiangsu Pacific, G Bits, Shenzhen Transsion, Beijing Roborock, and Luzhou Lao. Taiji Computer is entity of China. It is traded as Stock on SHE exchange. More
Taiji Computer 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 Taiji Computer'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 Taiji Computer Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.0 | |||
| Information Ratio | 0.2118 | |||
| Maximum Drawdown | 18.97 | |||
| Value At Risk | (6.28) | |||
| Potential Upside | 8.46 |
Taiji Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiji Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiji Computer's standard deviation. In reality, there are many statistical measures that can use Taiji Computer historical prices to predict the future Taiji Computer's volatility.| Risk Adjusted Performance | 0.1821 | |||
| Jensen Alpha | 0.9016 | |||
| Total Risk Alpha | 0.7927 | |||
| Sortino Ratio | 0.2232 | |||
| Treynor Ratio | 1.49 |
Taiji Computer Corp Backtested Returns
Taiji Computer appears to be not too volatile, given 3 months investment horizon. Taiji Computer Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Taiji Computer's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please review Taiji Computer's Semi Deviation of 3.35, risk adjusted performance of 0.1821, and Coefficient Of Variation of 455.3 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Taiji Computer holds a performance score of 14. The entity has a beta of 0.62, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Taiji Computer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiji Computer is expected to be smaller as well. Please check Taiji Computer's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Taiji Computer's existing price patterns will revert.
Auto-correlation | -0.84 |
Excellent reverse predictability
Taiji Computer Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Taiji Computer time series from 25th of September 2024 to 9th of November 2024 and 9th of November 2024 to 24th of December 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 Taiji Computer Corp price movement. The serial correlation of -0.84 indicates that around 84.0% of current Taiji Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 2.45 |
Taiji Computer Corp lagged returns against current returns
Autocorrelation, which is Taiji Computer 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 Taiji Computer's stock expected returns. We can calculate the autocorrelation of Taiji Computer returns to help us make a trade decision. For example, suppose you find that Taiji Computer 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 |
Taiji Computer 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 Taiji Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiji Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiji Computer stock over time.
Current vs Lagged Prices |
| Timeline |
Taiji Computer Lagged Returns
When evaluating Taiji Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiji Computer stock have on its future price. Taiji Computer 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, Taiji Computer autocorrelation shows the relationship between Taiji Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Taiji Computer Corp.
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 Taiji Stock
Taiji Computer financial ratios help investors to determine whether Taiji 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 Taiji with respect to the benefits of owning Taiji Computer security.