Zhejiang Tailin (China) Market Value
| 300813 Stock | 18.21 0.84 4.41% |
| Symbol | Zhejiang |
Zhejiang Tailin '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 Zhejiang Tailin'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 Zhejiang Tailin.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Zhejiang Tailin on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Tailin Bioengineering or generate 0.0% return on investment in Zhejiang Tailin over 30 days. Zhejiang Tailin is related to or competes with New China, Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, and Shandong Ruifeng. Zhejiang Tailin is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang Tailin 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 Zhejiang Tailin'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 Zhejiang Tailin Bioengineering upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.05 | |||
| Information Ratio | 0.0406 | |||
| Maximum Drawdown | 32.13 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 4.72 |
Zhejiang Tailin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Tailin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Tailin's standard deviation. In reality, there are many statistical measures that can use Zhejiang Tailin historical prices to predict the future Zhejiang Tailin's volatility.| Risk Adjusted Performance | 0.0467 | |||
| Jensen Alpha | 0.1943 | |||
| Total Risk Alpha | 0.0693 | |||
| Sortino Ratio | 0.0407 | |||
| Treynor Ratio | (0.66) |
Zhejiang Tailin Bioe Backtested Returns
Zhejiang Tailin appears to be somewhat reliable, given 3 months investment horizon. Zhejiang Tailin Bioe shows Sharpe Ratio of 0.0593, which attests that the company had a 0.0593% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhejiang Tailin Bioe, which you can use to evaluate the volatility of the company. Please utilize Zhejiang Tailin's Mean Deviation of 2.57, market risk adjusted performance of (0.65), and Downside Deviation of 4.05 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang Tailin holds a performance score of 4. The firm maintains a market beta of -0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zhejiang Tailin are expected to decrease at a much lower rate. During the bear market, Zhejiang Tailin is likely to outperform the market. Please check Zhejiang Tailin's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Zhejiang Tailin's historical returns will revert.
Auto-correlation | 0.43 |
Average predictability
Zhejiang Tailin Bioengineering has average predictability. Overlapping area represents the amount of predictability between Zhejiang Tailin time series from 24th of November 2024 to 9th of December 2024 and 9th of December 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 Zhejiang Tailin Bioe price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Zhejiang Tailin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Zhejiang Tailin Bioe lagged returns against current returns
Autocorrelation, which is Zhejiang Tailin 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 Zhejiang Tailin's stock expected returns. We can calculate the autocorrelation of Zhejiang Tailin returns to help us make a trade decision. For example, suppose you find that Zhejiang Tailin 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 |
Zhejiang Tailin 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 Zhejiang Tailin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Tailin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Tailin stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Tailin Lagged Returns
When evaluating Zhejiang Tailin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Tailin stock have on its future price. Zhejiang Tailin 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, Zhejiang Tailin autocorrelation shows the relationship between Zhejiang Tailin stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Tailin Bioengineering.
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 Zhejiang Stock
Zhejiang Tailin financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Tailin security.