Tongyu Communication (China) Market Value
| 002792 Stock | 16.00 0.23 1.46% |
| Symbol | Tongyu |
Tongyu Communication '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 Tongyu Communication'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 Tongyu Communication.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Tongyu Communication on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Tongyu Communication or generate 0.0% return on investment in Tongyu Communication over 90 days. Tongyu Communication is related to or competes with GRIPM Advanced, Chongqing Sulian, Zhejiang HISUN, Advanced Technology, Orinko Advanced, Baoshan Iron, and Hang Xiao. Tongyu Communication is entity of China. It is traded as Stock on SHE exchange. More
Tongyu Communication 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 Tongyu Communication'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 Tongyu Communication upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0311 | |||
| Maximum Drawdown | 12.12 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 4.05 |
Tongyu Communication Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tongyu Communication's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tongyu Communication's standard deviation. In reality, there are many statistical measures that can use Tongyu Communication historical prices to predict the future Tongyu Communication's volatility.| Risk Adjusted Performance | (0.000083) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | 0.2903 | |||
| Treynor Ratio | (0.13) |
Tongyu Communication Backtested Returns
At this point, Tongyu Communication is not too volatile. Tongyu Communication owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0439, which indicates the firm had a 0.0439 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Tongyu Communication, which you can use to evaluate the volatility of the company. Please validate Tongyu Communication's Risk Adjusted Performance of (0.000083), variance of 6.52, and Coefficient Of Variation of (13,045) to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Tongyu Communication has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tongyu Communication's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tongyu Communication is expected to be smaller as well. Tongyu Communication right now has a risk of 2.65%. Please validate Tongyu Communication coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Tongyu Communication will be following its existing price patterns.
Auto-correlation | -0.46 |
Modest reverse predictability
Tongyu Communication has modest reverse predictability. Overlapping area represents the amount of predictability between Tongyu Communication time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Tongyu Communication price movement. The serial correlation of -0.46 indicates that about 46.0% of current Tongyu Communication price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Tongyu Communication lagged returns against current returns
Autocorrelation, which is Tongyu Communication 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 Tongyu Communication's stock expected returns. We can calculate the autocorrelation of Tongyu Communication returns to help us make a trade decision. For example, suppose you find that Tongyu Communication 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 |
Tongyu Communication 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 Tongyu Communication stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tongyu Communication stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tongyu Communication stock over time.
Current vs Lagged Prices |
| Timeline |
Tongyu Communication Lagged Returns
When evaluating Tongyu Communication's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tongyu Communication stock have on its future price. Tongyu Communication 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, Tongyu Communication autocorrelation shows the relationship between Tongyu Communication stock current value and its past values and can show if there is a momentum factor associated with investing in Tongyu Communication.
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 Tongyu Stock
Tongyu Communication financial ratios help investors to determine whether Tongyu 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 Tongyu with respect to the benefits of owning Tongyu Communication security.