Tianjin Jingwei's market value is the price at which a share of Tianjin Jingwei trades on a public exchange. It measures the collective expectations of Tianjin Jingwei Electric investors about its performance. Tianjin Jingwei is trading at 9.05 as of the 4th of January 2025, a 2.69 percent decrease since the beginning of the trading day. The stock's open price was 9.3. With this module, you can estimate the performance of a buy and hold strategy of Tianjin Jingwei Electric and determine expected loss or profit from investing in Tianjin Jingwei over a given investment horizon. Check out Tianjin Jingwei Correlation, Tianjin Jingwei Volatility and Tianjin Jingwei Alpha and Beta module to complement your research on Tianjin Jingwei.
Please note, there is a significant difference between Tianjin Jingwei's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tianjin Jingwei is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tianjin Jingwei's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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12/05/2024
No Change 0.00
0.0
In 31 days
01/04/2025
0.00
If you would invest 0.00 in Tianjin Jingwei on December 5, 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 Zhengping RoadBridge, Anhui Transport, Yingde Greatchem, Xinjiang Beixin, Hainan Haiqi, Road Environment, and Do Fluoride. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tianjin Jingwei. Your research has to be compared to or analyzed against Tianjin Jingwei's peers to derive any actionable benefits. When done correctly, Tianjin Jingwei's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tianjin Jingwei Electric.
Tianjin Jingwei Electric Backtested Returns
Tianjin Jingwei appears to be out of control, given 3 months investment horizon. Tianjin Jingwei Electric owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0619, which indicates the firm had a 0.0619% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tianjin Jingwei Electric, which you can use to evaluate the volatility of the company. Please review Tianjin Jingwei's Coefficient Of Variation of 726.79, risk adjusted performance of 0.1206, and Semi Deviation of 5.7 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tianjin Jingwei holds a performance score of 4. The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. 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. Please check Tianjin Jingwei's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Tianjin Jingwei's existing price patterns will revert.
Auto-correlation
0.45
Average predictability
Tianjin Jingwei Electric has average predictability. Overlapping area represents the amount of predictability between Tianjin Jingwei time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 0.45 indicates that just about 45.0% of current Tianjin Jingwei price fluctuation can be explain by its past prices.
Correlation Coefficient
0.45
Spearman Rank Test
0.41
Residual Average
0.0
Price Variance
0.33
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
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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.
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.