Tianjin You's market value is the price at which a share of Tianjin You trades on a public exchange. It measures the collective expectations of Tianjin You Fa investors about its performance. Tianjin You is trading at 5.27 as of the 6th of January 2025, a 0.57 percent increase since the beginning of the trading day. The stock's open price was 5.24. With this module, you can estimate the performance of a buy and hold strategy of Tianjin You Fa and determine expected loss or profit from investing in Tianjin You over a given investment horizon. Check out Tianjin You Correlation, Tianjin You Volatility and Tianjin You Alpha and Beta module to complement your research on Tianjin You.
Please note, there is a significant difference between Tianjin You's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tianjin You is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tianjin You's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Tianjin You '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 You'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 You.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tianjin You'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 You Fa upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tianjin You's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tianjin You's standard deviation. In reality, there are many statistical measures that can use Tianjin You historical prices to predict the future Tianjin You's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tianjin You. Your research has to be compared to or analyzed against Tianjin You's peers to derive any actionable benefits. When done correctly, Tianjin You's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tianjin You Fa.
Tianjin You Fa Backtested Returns
Tianjin You Fa owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Tianjin You Fa exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tianjin You's Risk Adjusted Performance of (0.08), variance of 4.55, and Coefficient Of Variation of (922.55) to confirm the risk estimate we provide. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tianjin You's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tianjin You is expected to be smaller as well. At this point, Tianjin You Fa has a negative expected return of -0.23%. Please make sure to validate Tianjin You's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Tianjin You Fa performance from the past will be repeated at some point in the near future.
Auto-correlation
0.56
Modest predictability
Tianjin You Fa has modest predictability. Overlapping area represents the amount of predictability between Tianjin You time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th of January 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 You Fa price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Tianjin You price fluctuation can be explain by its past prices.
Correlation Coefficient
0.56
Spearman Rank Test
0.55
Residual Average
0.0
Price Variance
0.09
Tianjin You Fa lagged returns against current returns
Autocorrelation, which is Tianjin You 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 You's stock expected returns. We can calculate the autocorrelation of Tianjin You returns to help us make a trade decision. For example, suppose you find that Tianjin You 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 You 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 You stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tianjin You stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tianjin You stock over time.
Current vs Lagged Prices
Timeline
Tianjin You Lagged Returns
When evaluating Tianjin You's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tianjin You stock have on its future price. Tianjin You 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 You autocorrelation shows the relationship between Tianjin You stock current value and its past values and can show if there is a momentum factor associated with investing in Tianjin You Fa.
Tianjin You 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 You security.