Tencent Holdings (Germany) Market Value
| NNND Stock | EUR 61.75 2.15 3.61% |
| Symbol | Tencent |
Tencent Holdings '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 Holdings' 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 Holdings.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Tencent Holdings on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Tencent Holdings or generate 0.0% return on investment in Tencent Holdings over 30 days. Tencent Holdings is related to or competes with BYD Company, Alibaba Group, Xiaomi, and Baidu. Tencent Holdings Limited, an investment holding company, provides value-added services and Online advertising services i... More
Tencent Holdings 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 Holdings' 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 Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.1427 | |||
| Maximum Drawdown | 13.85 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.61 |
Tencent Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tencent Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tencent Holdings' standard deviation. In reality, there are many statistical measures that can use Tencent Holdings historical prices to predict the future Tencent Holdings' volatility.| Risk Adjusted Performance | 0.1131 | |||
| Jensen Alpha | 0.3469 | |||
| Total Risk Alpha | 0.3706 | |||
| Sortino Ratio | 0.1276 | |||
| Treynor Ratio | (1.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tencent Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tencent Holdings Backtested Returns
Tencent Holdings appears to be very steady, given 3 months investment horizon. Tencent Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Tencent Holdings, which you can use to evaluate the volatility of the company. Please review Tencent Holdings' Coefficient Of Variation of 693.75, risk adjusted performance of 0.1131, and Semi Deviation of 2.43 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tencent Holdings holds a performance score of 13. The entity has a beta of -0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tencent Holdings are expected to decrease at a much lower rate. During the bear market, Tencent Holdings is likely to outperform the market. Please check Tencent Holdings' jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Tencent Holdings' existing price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
Tencent Holdings has weak predictability. Overlapping area represents the amount of predictability between Tencent Holdings time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Holdings price movement. The serial correlation of 0.23 indicates that over 23.0% of current Tencent Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 6.89 |
Tencent Holdings lagged returns against current returns
Autocorrelation, which is Tencent Holdings 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 Holdings' stock expected returns. We can calculate the autocorrelation of Tencent Holdings returns to help us make a trade decision. For example, suppose you find that Tencent Holdings 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 Holdings 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 Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tencent Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tencent Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Tencent Holdings Lagged Returns
When evaluating Tencent Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tencent Holdings stock have on its future price. Tencent Holdings 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 Holdings autocorrelation shows the relationship between Tencent Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Tencent Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tencent Stock
Tencent Holdings financial ratios help investors to determine whether Tencent 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 Tencent with respect to the benefits of owning Tencent Holdings security.