Trina Solar (China) Market Value
| 688599 Stock | 22.20 0.20 0.89% |
| Symbol | Trina |
Trina Solar '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 Trina Solar'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 Trina Solar.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Trina Solar on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Trina Solar Co or generate 0.0% return on investment in Trina Solar over 30 days. Trina Solar is related to or competes with Ningxia Younglight, Gan Yuan, Beijing Sanyuan, Guangdong Wens, and HaiXin Foods. Trina Solar is entity of China. It is traded as Stock on SHG exchange. More
Trina Solar 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 Trina Solar'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 Trina Solar Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.86 | |||
| Information Ratio | 0.1114 | |||
| Maximum Drawdown | 34.2 | |||
| Value At Risk | (4.98) | |||
| Potential Upside | 8.77 |
Trina Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trina Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trina Solar's standard deviation. In reality, there are many statistical measures that can use Trina Solar historical prices to predict the future Trina Solar's volatility.| Risk Adjusted Performance | 0.1016 | |||
| Jensen Alpha | 0.5904 | |||
| Total Risk Alpha | 0.4573 | |||
| Sortino Ratio | 0.1448 | |||
| Treynor Ratio | (0.89) |
Trina Solar Backtested Returns
Trina Solar appears to be somewhat reliable, given 3 months investment horizon. Trina Solar owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Trina Solar's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please review Trina Solar's Risk Adjusted Performance of 0.1016, coefficient of variation of 853.29, and Semi Deviation of 3.39 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trina Solar holds a performance score of 10. The entity has a beta of -0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Trina Solar are expected to decrease at a much lower rate. During the bear market, Trina Solar is likely to outperform the market. Please check Trina Solar's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Trina Solar's existing price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Trina Solar Co has very good reverse predictability. Overlapping area represents the amount of predictability between Trina Solar time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Trina Solar price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Trina Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Trina Solar lagged returns against current returns
Autocorrelation, which is Trina Solar 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 Trina Solar's stock expected returns. We can calculate the autocorrelation of Trina Solar returns to help us make a trade decision. For example, suppose you find that Trina Solar 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 |
Trina Solar 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 Trina Solar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trina Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trina Solar stock over time.
Current vs Lagged Prices |
| Timeline |
Trina Solar Lagged Returns
When evaluating Trina Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trina Solar stock have on its future price. Trina Solar 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, Trina Solar autocorrelation shows the relationship between Trina Solar stock current value and its past values and can show if there is a momentum factor associated with investing in Trina Solar Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Trina Stock
Trina Solar financial ratios help investors to determine whether Trina 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 Trina with respect to the benefits of owning Trina Solar security.