Tjk Machinery (China) Market Value
| 300823 Stock | 14.03 0.22 1.59% |
| Symbol | Tjk |
Tjk Machinery '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 Tjk Machinery'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 Tjk Machinery.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Tjk Machinery on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Tjk Machinery Tianjin or generate 0.0% return on investment in Tjk Machinery over 30 days. Tjk Machinery is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. Tjk Machinery is entity of China. It is traded as Stock on SHE exchange. More
Tjk Machinery 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 Tjk Machinery'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 Tjk Machinery Tianjin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.94 | |||
| Information Ratio | 0.1153 | |||
| Maximum Drawdown | 26.3 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 7.22 |
Tjk Machinery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tjk Machinery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tjk Machinery's standard deviation. In reality, there are many statistical measures that can use Tjk Machinery historical prices to predict the future Tjk Machinery's volatility.| Risk Adjusted Performance | 0.1058 | |||
| Jensen Alpha | 0.4858 | |||
| Total Risk Alpha | 0.3678 | |||
| Sortino Ratio | 0.1158 | |||
| Treynor Ratio | (1.48) |
Tjk Machinery Tianjin Backtested Returns
Tjk Machinery appears to be somewhat reliable, given 3 months investment horizon. Tjk Machinery Tianjin 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 Tjk Machinery's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please review Tjk Machinery's Risk Adjusted Performance of 0.1058, semi deviation of 3.5, and Coefficient Of Variation of 810.15 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tjk Machinery holds a performance score of 11. The entity has a beta of -0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tjk Machinery are expected to decrease at a much lower rate. During the bear market, Tjk Machinery is likely to outperform the market. Please check Tjk Machinery's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Tjk Machinery's existing price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Tjk Machinery Tianjin has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tjk Machinery time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Tjk Machinery Tianjin price movement. The serial correlation of -0.18 indicates that over 18.0% of current Tjk Machinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Tjk Machinery Tianjin lagged returns against current returns
Autocorrelation, which is Tjk Machinery 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 Tjk Machinery's stock expected returns. We can calculate the autocorrelation of Tjk Machinery returns to help us make a trade decision. For example, suppose you find that Tjk Machinery 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 |
Tjk Machinery 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 Tjk Machinery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tjk Machinery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tjk Machinery stock over time.
Current vs Lagged Prices |
| Timeline |
Tjk Machinery Lagged Returns
When evaluating Tjk Machinery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tjk Machinery stock have on its future price. Tjk Machinery 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, Tjk Machinery autocorrelation shows the relationship between Tjk Machinery stock current value and its past values and can show if there is a momentum factor associated with investing in Tjk Machinery Tianjin.
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 Tjk Stock
Tjk Machinery financial ratios help investors to determine whether Tjk 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 Tjk with respect to the benefits of owning Tjk Machinery security.