Tianjin Pengling (China) Market Value

300375 Stock   5.24  0.03  0.57%   
Tianjin Pengling's market value is the price at which a share of Tianjin Pengling trades on a public exchange. It measures the collective expectations of Tianjin Pengling Rubber investors about its performance. Tianjin Pengling is trading at 5.24 as of the 4th of December 2024, a 0.57 percent decrease since the beginning of the trading day. The stock's open price was 5.27.
With this module, you can estimate the performance of a buy and hold strategy of Tianjin Pengling Rubber and determine expected loss or profit from investing in Tianjin Pengling over a given investment horizon. Check out Tianjin Pengling Correlation, Tianjin Pengling Volatility and Tianjin Pengling Alpha and Beta module to complement your research on Tianjin Pengling.
Symbol

Please note, there is a significant difference between Tianjin Pengling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tianjin Pengling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tianjin Pengling'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 Pengling '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 Pengling'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 Pengling.
0.00
06/07/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/04/2024
0.00
If you would invest  0.00  in Tianjin Pengling on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Tianjin Pengling Rubber or generate 0.0% return on investment in Tianjin Pengling over 180 days. Tianjin Pengling is related to or competes with CICT Mobile, Sinomach Automobile, Tongyu Communication, Dawning Information, XinJiang GuoTong, Northking Information, and Zhongtong Guomai. Tianjin Pengling is entity of China. It is traded as Stock on SHE exchange. More

Tianjin Pengling 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 Pengling'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 Pengling Rubber upside and downside potential and time the market with a certain degree of confidence.

Tianjin Pengling Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tianjin Pengling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tianjin Pengling's standard deviation. In reality, there are many statistical measures that can use Tianjin Pengling historical prices to predict the future Tianjin Pengling's volatility.
Hype
Prediction
LowEstimatedHigh
1.455.239.01
Details
Intrinsic
Valuation
LowRealHigh
0.384.167.94
Details
Naive
Forecast
LowNextHigh
1.515.299.08
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tianjin Pengling. Your research has to be compared to or analyzed against Tianjin Pengling's peers to derive any actionable benefits. When done correctly, Tianjin Pengling'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 Pengling Rubber.

Tianjin Pengling Rubber Backtested Returns

Tianjin Pengling appears to be relatively risky, given 3 months investment horizon. Tianjin Pengling Rubber owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Tianjin Pengling's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please review Tianjin Pengling's Risk Adjusted Performance of 0.1183, coefficient of variation of 690.84, and Semi Deviation of 3.04 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tianjin Pengling holds a performance score of 11. The entity has a beta of -0.0836, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tianjin Pengling are expected to decrease at a much lower rate. During the bear market, Tianjin Pengling is likely to outperform the market. Please check Tianjin Pengling'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 Tianjin Pengling's existing price patterns will revert.

Auto-correlation

    
  0.30  

Below average predictability

Tianjin Pengling Rubber has below average predictability. Overlapping area represents the amount of predictability between Tianjin Pengling time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 Tianjin Pengling Rubber price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Tianjin Pengling price fluctuation can be explain by its past prices.
Correlation Coefficient0.3
Spearman Rank Test0.25
Residual Average0.0
Price Variance0.24

Tianjin Pengling Rubber lagged returns against current returns

Autocorrelation, which is Tianjin Pengling 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 Pengling's stock expected returns. We can calculate the autocorrelation of Tianjin Pengling returns to help us make a trade decision. For example, suppose you find that Tianjin Pengling 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 Pengling 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 Pengling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tianjin Pengling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tianjin Pengling stock over time.
   Current vs Lagged Prices   
       Timeline  

Tianjin Pengling Lagged Returns

When evaluating Tianjin Pengling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tianjin Pengling stock have on its future price. Tianjin Pengling 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 Pengling autocorrelation shows the relationship between Tianjin Pengling stock current value and its past values and can show if there is a momentum factor associated with investing in Tianjin Pengling Rubber.
   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 Pengling 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 Pengling security.