Tangshan Sanyou (China) Market Value
| 600409 Stock | 5.65 0.08 1.44% |
| Symbol | Tangshan |
Tangshan Sanyou '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 Tangshan Sanyou'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 Tangshan Sanyou.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Tangshan Sanyou on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Tangshan Sanyou Chemical or generate 0.0% return on investment in Tangshan Sanyou over 90 days. Tangshan Sanyou is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Tangshan Sanyou is entity of China. It is traded as Stock on SHG exchange. More
Tangshan Sanyou 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 Tangshan Sanyou'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 Tangshan Sanyou Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0672 | |||
| Maximum Drawdown | 5.8 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.2 |
Tangshan Sanyou Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tangshan Sanyou's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tangshan Sanyou's standard deviation. In reality, there are many statistical measures that can use Tangshan Sanyou historical prices to predict the future Tangshan Sanyou's volatility.| Risk Adjusted Performance | (0.0006) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.1553 | |||
| Treynor Ratio | 0.1938 |
Tangshan Sanyou Chemical Backtested Returns
Tangshan Sanyou Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0118, which indicates the firm had a -0.0118 % return per unit of risk over the last 3 months. Tangshan Sanyou Chemical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tangshan Sanyou's Coefficient Of Variation of (20,427), variance of 1.89, and Risk Adjusted Performance of (0.0006) to confirm the risk estimate we provide. The entity has a beta of -0.0863, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tangshan Sanyou are expected to decrease at a much lower rate. During the bear market, Tangshan Sanyou is likely to outperform the market. At this point, Tangshan Sanyou Chemical has a negative expected return of -0.0156%. Please make sure to validate Tangshan Sanyou's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Tangshan Sanyou Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Tangshan Sanyou Chemical has very good reverse predictability. Overlapping area represents the amount of predictability between Tangshan Sanyou time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Tangshan Sanyou Chemical price movement. The serial correlation of -0.69 indicates that around 69.0% of current Tangshan Sanyou price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tangshan Sanyou Chemical lagged returns against current returns
Autocorrelation, which is Tangshan Sanyou 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 Tangshan Sanyou's stock expected returns. We can calculate the autocorrelation of Tangshan Sanyou returns to help us make a trade decision. For example, suppose you find that Tangshan Sanyou 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 |
Tangshan Sanyou 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 Tangshan Sanyou stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tangshan Sanyou stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tangshan Sanyou stock over time.
Current vs Lagged Prices |
| Timeline |
Tangshan Sanyou Lagged Returns
When evaluating Tangshan Sanyou's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tangshan Sanyou stock have on its future price. Tangshan Sanyou 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, Tangshan Sanyou autocorrelation shows the relationship between Tangshan Sanyou stock current value and its past values and can show if there is a momentum factor associated with investing in Tangshan Sanyou Chemical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tangshan Stock
Tangshan Sanyou financial ratios help investors to determine whether Tangshan 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 Tangshan with respect to the benefits of owning Tangshan Sanyou security.