Tianjin Hi-Tech (China) Market Value
| 600082 Stock | 3.09 0.03 0.96% |
| Symbol | Tianjin |
Tianjin Hi-Tech '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 Hi-Tech'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 Hi-Tech.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Tianjin Hi-Tech on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Tianjin Hi Tech Development or generate 0.0% return on investment in Tianjin Hi-Tech over 90 days. Tianjin Hi-Tech is related to or competes with Guangdong TianYiMa, Sinodata, Iat Automobile, ISoftStone Information, Shenzhen SDG, Bangyan Technology, and Linewell Software. Tianjin Hi-Tech is entity of China. It is traded as Stock on SHG exchange. More
Tianjin Hi-Tech 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 Hi-Tech'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 Hi Tech Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.54 | |||
| Information Ratio | 0.0324 | |||
| Maximum Drawdown | 19.78 | |||
| Value At Risk | (6.85) | |||
| Potential Upside | 3.43 |
Tianjin Hi-Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tianjin Hi-Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tianjin Hi-Tech's standard deviation. In reality, there are many statistical measures that can use Tianjin Hi-Tech historical prices to predict the future Tianjin Hi-Tech's volatility.| Risk Adjusted Performance | 0.0109 | |||
| Jensen Alpha | 0.0304 | |||
| Total Risk Alpha | 0.3022 | |||
| Sortino Ratio | 0.0265 | |||
| Treynor Ratio | 0.0093 |
Tianjin Hi Tech Backtested Returns
Tianjin Hi Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0227, which indicates the firm had a -0.0227 % return per unit of risk over the last 3 months. Tianjin Hi Tech Development exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tianjin Hi-Tech's Risk Adjusted Performance of 0.0109, semi deviation of 3.12, and Coefficient Of Variation of 22563.23 to confirm the risk estimate we provide. The entity has a beta of 0.3, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tianjin Hi-Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tianjin Hi-Tech is expected to be smaller as well. At this point, Tianjin Hi Tech has a negative expected return of -0.0516%. Please make sure to validate Tianjin Hi-Tech's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Tianjin Hi Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Tianjin Hi Tech Development has virtually no predictability. Overlapping area represents the amount of predictability between Tianjin Hi-Tech 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 Tianjin Hi Tech price movement. The serial correlation of 0.01 indicates that just 1.0% of current Tianjin Hi-Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tianjin Hi Tech lagged returns against current returns
Autocorrelation, which is Tianjin Hi-Tech 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 Hi-Tech's stock expected returns. We can calculate the autocorrelation of Tianjin Hi-Tech returns to help us make a trade decision. For example, suppose you find that Tianjin Hi-Tech 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 Hi-Tech 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 Hi-Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tianjin Hi-Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tianjin Hi-Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Tianjin Hi-Tech Lagged Returns
When evaluating Tianjin Hi-Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tianjin Hi-Tech stock have on its future price. Tianjin Hi-Tech 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 Hi-Tech autocorrelation shows the relationship between Tianjin Hi-Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Tianjin Hi Tech Development.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tianjin Stock
Tianjin Hi-Tech 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 Hi-Tech security.