Tianjin You (China) Market Value
| 601686 Stock | 5.36 0.10 1.83% |
| Symbol | Tianjin |
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.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Tianjin You on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Tianjin You Fa or generate 0.0% return on investment in Tianjin You over 30 days. Tianjin You is related to or competes with Shandong Homey, UE Furniture, AUPU Home, Xiamen Goldenhome, Sichuan Fulin, Markor International, and Nanxing Furniture. Tianjin You is entity of China. It is traded as Stock on SHG exchange. More
Tianjin You 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 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.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.61 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 3.33 |
Tianjin You Market Risk Indicators
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.| Risk Adjusted Performance | 7.0E-4 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (1.79) |
Tianjin You Fa Backtested Returns
Tianjin You Fa owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0977, which indicates the firm had a -0.0977% return per unit of risk over the last 3 months. Tianjin You Fa exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tianjin You's Variance of 5.22, coefficient of variation of (14,125), and Risk Adjusted Performance of 7.0E-4 to confirm the risk estimate we provide. The entity has a beta of 0.0146, which indicates not very significant fluctuations relative to the market. 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 -0.21%. Please make sure to validate Tianjin You's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Tianjin You Fa performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Tianjin You Fa has virtually no predictability. Overlapping area represents the amount of predictability between Tianjin You time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 0.03 indicates that only 3.0% of current Tianjin You price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tianjin Stock
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.