Tencent Music (Germany) Market Value
| 63TA Stock | EUR 11.30 0.30 2.73% |
| Symbol | Tencent |
Tencent Music '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 Tencent Music'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 Tencent Music.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Tencent Music on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Tencent Music Entertainment or generate 0.0% return on investment in Tencent Music over 90 days. Tencent Music is related to or competes with Selective Insurance, Hanover Insurance, and Perseus Mining. More
Tencent Music 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 Tencent Music'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 Tencent Music Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0266 | |||
| Maximum Drawdown | 24.19 | |||
| Value At Risk | (5.08) | |||
| Potential Upside | 5.22 |
Tencent Music Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tencent Music's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tencent Music's standard deviation. In reality, there are many statistical measures that can use Tencent Music historical prices to predict the future Tencent Music's volatility.| Risk Adjusted Performance | 0.0059 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.4206 | |||
| Treynor Ratio | 0.2675 |
Tencent Music Entert Backtested Returns
At this point, Tencent Music is somewhat reliable. Tencent Music Entert owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0205, which indicates the firm had a 0.0205 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Tencent Music Entertainment, which you can use to evaluate the volatility of the company. Please validate Tencent Music's Risk Adjusted Performance of 0.0059, variance of 12.17, and Coefficient Of Variation of (55,221) to confirm if the risk estimate we provide is consistent with the expected return of 0.068%. Tencent Music has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.061, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tencent Music are expected to decrease at a much lower rate. During the bear market, Tencent Music is likely to outperform the market. Tencent Music Entert right now has a risk of 3.31%. Please validate Tencent Music jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Tencent Music will be following its existing price patterns.
Auto-correlation | -0.69 |
Very good reverse predictability
Tencent Music Entertainment has very good reverse predictability. Overlapping area represents the amount of predictability between Tencent Music 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 Tencent Music Entert price movement. The serial correlation of -0.69 indicates that around 69.0% of current Tencent Music price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Tencent Music Entert lagged returns against current returns
Autocorrelation, which is Tencent Music 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 Tencent Music's stock expected returns. We can calculate the autocorrelation of Tencent Music returns to help us make a trade decision. For example, suppose you find that Tencent Music 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 |
Tencent Music 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 Tencent Music stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tencent Music stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tencent Music stock over time.
Current vs Lagged Prices |
| Timeline |
Tencent Music Lagged Returns
When evaluating Tencent Music's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tencent Music stock have on its future price. Tencent Music 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, Tencent Music autocorrelation shows the relationship between Tencent Music stock current value and its past values and can show if there is a momentum factor associated with investing in Tencent Music Entertainment.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Tencent Stock
When determining whether Tencent Music Entert is a strong investment it is important to analyze Tencent Music's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tencent Music's future performance. For an informed investment choice regarding Tencent Stock, refer to the following important reports:Check out Tencent Music Correlation, Tencent Music Volatility and Tencent Music Alpha and Beta module to complement your research on Tencent Music. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Tencent Music technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.