Tsinghuatongfang (China) Market Value
| 600100 Stock | 7.64 0.05 0.65% |
| Symbol | Tsinghuatongfang |
Tsinghuatongfang '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 Tsinghuatongfang'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 Tsinghuatongfang.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Tsinghuatongfang on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Tsinghuatongfang Co or generate 0.0% return on investment in Tsinghuatongfang over 720 days. Tsinghuatongfang is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Tsinghuatongfang is entity of China. It is traded as Stock on SHG exchange. More
Tsinghuatongfang 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 Tsinghuatongfang'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 Tsinghuatongfang Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.42 | |||
| Information Ratio | 0.1947 | |||
| Maximum Drawdown | 19.47 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 9.01 |
Tsinghuatongfang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tsinghuatongfang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tsinghuatongfang's standard deviation. In reality, there are many statistical measures that can use Tsinghuatongfang historical prices to predict the future Tsinghuatongfang's volatility.| Risk Adjusted Performance | 0.1689 | |||
| Jensen Alpha | 0.7494 | |||
| Total Risk Alpha | 0.6474 | |||
| Sortino Ratio | 0.2134 | |||
| Treynor Ratio | 5.53 |
Tsinghuatongfang Backtested Returns
Tsinghuatongfang appears to be slightly risky, given 3 months investment horizon. Tsinghuatongfang owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Tsinghuatongfang's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Tsinghuatongfang's Risk Adjusted Performance of 0.1689, coefficient of variation of 492.04, and Semi Deviation of 2.85 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tsinghuatongfang holds a performance score of 14. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tsinghuatongfang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tsinghuatongfang is expected to be smaller as well. Please check Tsinghuatongfang's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Tsinghuatongfang's existing price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Tsinghuatongfang Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Tsinghuatongfang time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Tsinghuatongfang price movement. The serial correlation of -0.02 indicates that only 2.0% of current Tsinghuatongfang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
Tsinghuatongfang lagged returns against current returns
Autocorrelation, which is Tsinghuatongfang 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 Tsinghuatongfang's stock expected returns. We can calculate the autocorrelation of Tsinghuatongfang returns to help us make a trade decision. For example, suppose you find that Tsinghuatongfang 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 |
Tsinghuatongfang 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 Tsinghuatongfang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tsinghuatongfang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tsinghuatongfang stock over time.
Current vs Lagged Prices |
| Timeline |
Tsinghuatongfang Lagged Returns
When evaluating Tsinghuatongfang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tsinghuatongfang stock have on its future price. Tsinghuatongfang 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, Tsinghuatongfang autocorrelation shows the relationship between Tsinghuatongfang stock current value and its past values and can show if there is a momentum factor associated with investing in Tsinghuatongfang Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tsinghuatongfang Stock
Tsinghuatongfang financial ratios help investors to determine whether Tsinghuatongfang 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 Tsinghuatongfang with respect to the benefits of owning Tsinghuatongfang security.