Dongguan Tarry (China) Market Value
| 300976 Stock | 72.44 0.33 0.46% |
| Symbol | Dongguan |
Dongguan Tarry '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 Dongguan Tarry'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 Dongguan Tarry.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Dongguan Tarry on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Dongguan Tarry Electronics or generate 0.0% return on investment in Dongguan Tarry over 90 days. Dongguan Tarry is related to or competes with Huaibei Mining, China Minmetals, Tianjin Silvery, Tibet Huayu, Uroica Mining, Guangzhou Haozhi, and Xinjiang Baodi. Dongguan Tarry is entity of China. It is traded as Stock on SHE exchange. More
Dongguan Tarry 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 Dongguan Tarry'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 Dongguan Tarry Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.1095 | |||
| Maximum Drawdown | 19.0 | |||
| Value At Risk | (5.12) | |||
| Potential Upside | 4.13 |
Dongguan Tarry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongguan Tarry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongguan Tarry's standard deviation. In reality, there are many statistical measures that can use Dongguan Tarry historical prices to predict the future Dongguan Tarry's volatility.| Risk Adjusted Performance | 0.0826 | |||
| Jensen Alpha | 0.2833 | |||
| Total Risk Alpha | 0.6299 | |||
| Sortino Ratio | 0.1139 | |||
| Treynor Ratio | 6.92 |
Dongguan Tarry Elect Backtested Returns
Dongguan Tarry Elect secures Sharpe Ratio (or Efficiency) of -0.0154, which denotes the company had a -0.0154 % return per unit of risk over the last 3 months. Dongguan Tarry Electronics exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dongguan Tarry's Coefficient Of Variation of 1168.08, downside deviation of 3.25, and Mean Deviation of 2.45 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0404, which means not very significant fluctuations relative to the market. As returns on the market increase, Dongguan Tarry's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dongguan Tarry is expected to be smaller as well. At this point, Dongguan Tarry Elect has a negative expected return of -0.0423%. Please make sure to confirm Dongguan Tarry's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Dongguan Tarry Elect performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Dongguan Tarry Electronics has poor predictability. Overlapping area represents the amount of predictability between Dongguan Tarry time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 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 Dongguan Tarry Elect price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Dongguan Tarry price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2.73 |
Dongguan Tarry Elect lagged returns against current returns
Autocorrelation, which is Dongguan Tarry 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 Dongguan Tarry's stock expected returns. We can calculate the autocorrelation of Dongguan Tarry returns to help us make a trade decision. For example, suppose you find that Dongguan Tarry 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 |
Dongguan Tarry 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 Dongguan Tarry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongguan Tarry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongguan Tarry stock over time.
Current vs Lagged Prices |
| Timeline |
Dongguan Tarry Lagged Returns
When evaluating Dongguan Tarry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongguan Tarry stock have on its future price. Dongguan Tarry 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, Dongguan Tarry autocorrelation shows the relationship between Dongguan Tarry stock current value and its past values and can show if there is a momentum factor associated with investing in Dongguan Tarry Electronics.
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 Dongguan Stock
Dongguan Tarry financial ratios help investors to determine whether Dongguan 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 Dongguan with respect to the benefits of owning Dongguan Tarry security.