Thinkon Semiconductor (China) Market Value
| 688233 Stock | 24.67 0.24 0.96% |
| Symbol | Thinkon |
Thinkon Semiconductor '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 Thinkon Semiconductor'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 Thinkon Semiconductor.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Thinkon Semiconductor on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Thinkon Semiconductor Jinzhou or generate 0.0% return on investment in Thinkon Semiconductor over 180 days. Thinkon Semiconductor is related to or competes with Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, Shandong Ruifeng, and Jiangsu Seagull. Thinkon Semiconductor is entity of China More
Thinkon Semiconductor 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 Thinkon Semiconductor'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 Thinkon Semiconductor Jinzhou upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.7 | |||
| Information Ratio | 0.1852 | |||
| Maximum Drawdown | 29.38 | |||
| Value At Risk | (5.78) | |||
| Potential Upside | 8.77 |
Thinkon Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thinkon Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thinkon Semiconductor's standard deviation. In reality, there are many statistical measures that can use Thinkon Semiconductor historical prices to predict the future Thinkon Semiconductor's volatility.| Risk Adjusted Performance | 0.1611 | |||
| Jensen Alpha | 0.9783 | |||
| Total Risk Alpha | 0.8331 | |||
| Sortino Ratio | 0.2582 | |||
| Treynor Ratio | (11.69) |
Thinkon Semiconductor Backtested Returns
Thinkon Semiconductor appears to be not too volatile, given 3 months investment horizon. Thinkon Semiconductor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0921, which indicates the firm had a 0.0921% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Thinkon Semiconductor Jinzhou, which you can use to evaluate the volatility of the company. Please review Thinkon Semiconductor's Coefficient Of Variation of 522.26, semi deviation of 3.17, and Risk Adjusted Performance of 0.1611 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thinkon Semiconductor holds a performance score of 7. The entity has a beta of -0.0835, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Thinkon Semiconductor are expected to decrease at a much lower rate. During the bear market, Thinkon Semiconductor is likely to outperform the market. Please check Thinkon Semiconductor's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Thinkon Semiconductor's existing price patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Thinkon Semiconductor Jinzhou has modest reverse predictability. Overlapping area represents the amount of predictability between Thinkon Semiconductor time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Thinkon Semiconductor price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Thinkon Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 4.76 |
Thinkon Semiconductor lagged returns against current returns
Autocorrelation, which is Thinkon Semiconductor 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 Thinkon Semiconductor's stock expected returns. We can calculate the autocorrelation of Thinkon Semiconductor returns to help us make a trade decision. For example, suppose you find that Thinkon Semiconductor 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 |
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Thinkon Semiconductor 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 Thinkon Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thinkon Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thinkon Semiconductor stock over time.
Current vs Lagged Prices |
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Thinkon Semiconductor Lagged Returns
When evaluating Thinkon Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thinkon Semiconductor stock have on its future price. Thinkon Semiconductor 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, Thinkon Semiconductor autocorrelation shows the relationship between Thinkon Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Thinkon Semiconductor Jinzhou.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Thinkon Stock
Thinkon Semiconductor financial ratios help investors to determine whether Thinkon 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 Thinkon with respect to the benefits of owning Thinkon Semiconductor security.