Tianjin Jingwei (China) Market Value
| 300120 Stock | 9.22 0.24 2.67% |
| Symbol | Tianjin |
Tianjin Jingwei '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 Jingwei'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 Jingwei.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Tianjin Jingwei on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Tianjin Jingwei Electric or generate 0.0% return on investment in Tianjin Jingwei over 30 days. Tianjin Jingwei is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, PetroChina, Bank of China, and China Construction. Tianjin Jingwei is entity of China. It is traded as Stock on SHE exchange. More
Tianjin Jingwei 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 Jingwei'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 Jingwei Electric upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 34.46 | |||
| Value At Risk | (7.88) | |||
| Potential Upside | 5.71 |
Tianjin Jingwei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tianjin Jingwei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tianjin Jingwei's standard deviation. In reality, there are many statistical measures that can use Tianjin Jingwei historical prices to predict the future Tianjin Jingwei's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (5.94) |
Tianjin Jingwei Electric Backtested Returns
Tianjin Jingwei Electric owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0507, which indicates the firm had a -0.0507 % return per unit of risk over the last 3 months. Tianjin Jingwei Electric exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tianjin Jingwei's Variance of 30.75, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,480) to confirm the risk estimate we provide. The entity has a beta of 0.0648, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tianjin Jingwei's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tianjin Jingwei is expected to be smaller as well. At this point, Tianjin Jingwei Electric has a negative expected return of -0.28%. Please make sure to validate Tianjin Jingwei's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Tianjin Jingwei Electric performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Tianjin Jingwei Electric has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Tianjin Jingwei 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 Jingwei Electric price movement. The serial correlation of -0.78 indicates that around 78.0% of current Tianjin Jingwei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Tianjin Jingwei Electric lagged returns against current returns
Autocorrelation, which is Tianjin Jingwei 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 Jingwei's stock expected returns. We can calculate the autocorrelation of Tianjin Jingwei returns to help us make a trade decision. For example, suppose you find that Tianjin Jingwei 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 Jingwei 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 Jingwei stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tianjin Jingwei stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tianjin Jingwei stock over time.
Current vs Lagged Prices |
| Timeline |
Tianjin Jingwei Lagged Returns
When evaluating Tianjin Jingwei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tianjin Jingwei stock have on its future price. Tianjin Jingwei 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 Jingwei autocorrelation shows the relationship between Tianjin Jingwei stock current value and its past values and can show if there is a momentum factor associated with investing in Tianjin Jingwei Electric.
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 Tianjin Stock
Tianjin Jingwei 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 Jingwei security.