Tianneng Battery (China) Market Value
| 688819 Stock | 28.19 0.08 0.28% |
| Symbol | Tianneng |
Tianneng Battery '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 Tianneng Battery'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 Tianneng Battery.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Tianneng Battery on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Tianneng Battery Group or generate 0.0% return on investment in Tianneng Battery over 30 days. Tianneng Battery is related to or competes with Shanghai Construction, Shantui Construction, Guangdong Jinming, Zhejiang Daily, Shuhua Sports, Duzhe Publishing, and Beijing Bashi. Tianneng Battery is entity of China. It is traded as Stock on SHG exchange. More
Tianneng Battery 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 Tianneng Battery'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 Tianneng Battery Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.0356 | |||
| Maximum Drawdown | 28.02 | |||
| Value At Risk | (3.83) | |||
| Potential Upside | 4.8 |
Tianneng Battery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tianneng Battery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tianneng Battery's standard deviation. In reality, there are many statistical measures that can use Tianneng Battery historical prices to predict the future Tianneng Battery's volatility.| Risk Adjusted Performance | 0.0423 | |||
| Jensen Alpha | 0.1577 | |||
| Total Risk Alpha | 0.0624 | |||
| Sortino Ratio | 0.0414 | |||
| Treynor Ratio | (0.58) |
Tianneng Battery Backtested Returns
At this point, Tianneng Battery is not too volatile. Tianneng Battery owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0317, which indicates the firm had a 0.0317% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tianneng Battery Group, which you can use to evaluate the volatility of the company. Please validate Tianneng Battery's Risk Adjusted Performance of 0.0423, coefficient of variation of 2306.32, and Semi Deviation of 3.06 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Tianneng Battery has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tianneng Battery are expected to decrease at a much lower rate. During the bear market, Tianneng Battery is likely to outperform the market. Tianneng Battery right now has a risk of 3.91%. Please validate Tianneng Battery downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Tianneng Battery will be following its existing price patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
Tianneng Battery Group has poor reverse predictability. Overlapping area represents the amount of predictability between Tianneng Battery 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 Tianneng Battery price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Tianneng Battery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Tianneng Battery lagged returns against current returns
Autocorrelation, which is Tianneng Battery 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 Tianneng Battery's stock expected returns. We can calculate the autocorrelation of Tianneng Battery returns to help us make a trade decision. For example, suppose you find that Tianneng Battery 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 |
Tianneng Battery 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 Tianneng Battery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tianneng Battery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tianneng Battery stock over time.
Current vs Lagged Prices |
| Timeline |
Tianneng Battery Lagged Returns
When evaluating Tianneng Battery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tianneng Battery stock have on its future price. Tianneng Battery 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, Tianneng Battery autocorrelation shows the relationship between Tianneng Battery stock current value and its past values and can show if there is a momentum factor associated with investing in Tianneng Battery Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tianneng Stock
Tianneng Battery financial ratios help investors to determine whether Tianneng 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 Tianneng with respect to the benefits of owning Tianneng Battery security.