Dongguan Tarry (China) Market Value
| 300976 Stock | 66.96 4.70 6.56% |
| 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.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Dongguan Tarry on March 12, 2023 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 720 days. Dongguan Tarry is related to or competes with Sichuan Newsnet, Shuhua Sports, Anhui Jianghuai, GUOMAI Culture, Quectel Wireless, China Mobile, and Jilin Jlu. 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 | 3.4 | |||
| Information Ratio | 0.0624 | |||
| Maximum Drawdown | 19.0 | |||
| Value At Risk | (5.50) | |||
| Potential Upside | 6.92 |
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 | 0.0511 | |||
| Jensen Alpha | 0.186 | |||
| Total Risk Alpha | 0.308 | |||
| Sortino Ratio | 0.0649 | |||
| Treynor Ratio | (0.39) |
Dongguan Tarry Elect Backtested Returns
Dongguan Tarry appears to be very steady, given 3 months investment horizon. Dongguan Tarry Elect secures Sharpe Ratio (or Efficiency) of 0.0587, which denotes the company had a 0.0587 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Dongguan Tarry Electronics, which you can use to evaluate the volatility of the firm. Please utilize Dongguan Tarry's Mean Deviation of 2.55, downside deviation of 3.4, and Coefficient Of Variation of 1703.75 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dongguan Tarry holds a performance score of 4. The firm shows a Beta (market volatility) of -0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dongguan Tarry are expected to decrease at a much lower rate. During the bear market, Dongguan Tarry is likely to outperform the market. Please check Dongguan Tarry's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Dongguan Tarry's price patterns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Dongguan Tarry Electronics has poor reverse predictability. Overlapping area represents the amount of predictability between Dongguan Tarry time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 -0.37 indicates that just about 37.0% of current Dongguan Tarry price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 147.08 |
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.