Tengda Construction (China) Market Value
| 600512 Stock | 2.46 0.04 1.65% |
| Symbol | Tengda |
Tengda Construction '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 Tengda Construction'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 Tengda Construction.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Tengda Construction on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Tengda Construction Group or generate 0.0% return on investment in Tengda Construction over 720 days. Tengda Construction is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. Tengda Construction is entity of China. It is traded as Stock on SHG exchange. More
Tengda Construction 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 Tengda Construction'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 Tengda Construction Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.0982 | |||
| Maximum Drawdown | 15.41 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.6 |
Tengda Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tengda Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tengda Construction's standard deviation. In reality, there are many statistical measures that can use Tengda Construction historical prices to predict the future Tengda Construction's volatility.| Risk Adjusted Performance | 0.1296 | |||
| Jensen Alpha | 0.3597 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0978 | |||
| Treynor Ratio | (2.63) |
Tengda Construction Backtested Returns
Tengda Construction appears to be unstable, given 3 months investment horizon. Tengda Construction owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tengda Construction Group, which you can use to evaluate the volatility of the company. Please review Tengda Construction's Semi Deviation of 1.78, risk adjusted performance of 0.1296, and Coefficient Of Variation of 621.21 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tengda Construction holds a performance score of 15. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tengda Construction are expected to decrease at a much lower rate. During the bear market, Tengda Construction is likely to outperform the market. Please check Tengda Construction's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Tengda Construction's existing price patterns will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
Tengda Construction Group has poor reverse predictability. Overlapping area represents the amount of predictability between Tengda Construction time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Tengda Construction price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Tengda Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Tengda Construction lagged returns against current returns
Autocorrelation, which is Tengda Construction 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 Tengda Construction's stock expected returns. We can calculate the autocorrelation of Tengda Construction returns to help us make a trade decision. For example, suppose you find that Tengda Construction 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 |
Tengda Construction 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 Tengda Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tengda Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tengda Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Tengda Construction Lagged Returns
When evaluating Tengda Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tengda Construction stock have on its future price. Tengda Construction 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, Tengda Construction autocorrelation shows the relationship between Tengda Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Tengda Construction Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tengda Stock
Tengda Construction financial ratios help investors to determine whether Tengda 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 Tengda with respect to the benefits of owning Tengda Construction security.