TIANDE CHEMICAL (Germany) Market Value
| TC7 Stock | EUR 0.07 0.00 0.00% |
| Symbol | TIANDE |
TIANDE CHEMICAL '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 TIANDE CHEMICAL'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 TIANDE CHEMICAL.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in TIANDE CHEMICAL on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding TIANDE CHEMICAL or generate 0.0% return on investment in TIANDE CHEMICAL over 540 days. TIANDE CHEMICAL is related to or competes with UET United, United Insurance, Nucletron Electronic, Universal Insurance, Benchmark Electronics, Singapore Reinsurance, and AOI Electronics. More
TIANDE CHEMICAL 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 TIANDE CHEMICAL'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 TIANDE CHEMICAL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0964 | |||
| Maximum Drawdown | 38.1 |
TIANDE CHEMICAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TIANDE CHEMICAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TIANDE CHEMICAL's standard deviation. In reality, there are many statistical measures that can use TIANDE CHEMICAL historical prices to predict the future TIANDE CHEMICAL's volatility.| Risk Adjusted Performance | 0.1027 | |||
| Jensen Alpha | 0.5275 | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 1.65 |
TIANDE CHEMICAL Backtested Returns
TIANDE CHEMICAL appears to be out of control, given 3 months investment horizon. TIANDE CHEMICAL retains Efficiency (Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By evaluating TIANDE CHEMICAL's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please review TIANDE CHEMICAL's standard deviation of 4.69, and Risk Adjusted Performance of 0.1027 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TIANDE CHEMICAL holds a performance score of 9. The entity owns a Beta (Systematic Risk) of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TIANDE CHEMICAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding TIANDE CHEMICAL is expected to be smaller as well. Please check TIANDE CHEMICAL's coefficient of variation, variance, treynor ratio, as well as the relationship between the standard deviation and information ratio , to make a quick decision on whether TIANDE CHEMICAL's current price history will revert.
Auto-correlation | 0.40 |
Average predictability
TIANDE CHEMICAL has average predictability. Overlapping area represents the amount of predictability between TIANDE CHEMICAL time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 TIANDE CHEMICAL price movement. The serial correlation of 0.4 indicates that just about 40.0% of current TIANDE CHEMICAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
TIANDE CHEMICAL lagged returns against current returns
Autocorrelation, which is TIANDE CHEMICAL 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 TIANDE CHEMICAL's stock expected returns. We can calculate the autocorrelation of TIANDE CHEMICAL returns to help us make a trade decision. For example, suppose you find that TIANDE CHEMICAL 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 |
TIANDE CHEMICAL 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 TIANDE CHEMICAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TIANDE CHEMICAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TIANDE CHEMICAL stock over time.
Current vs Lagged Prices |
| Timeline |
TIANDE CHEMICAL Lagged Returns
When evaluating TIANDE CHEMICAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TIANDE CHEMICAL stock have on its future price. TIANDE CHEMICAL 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, TIANDE CHEMICAL autocorrelation shows the relationship between TIANDE CHEMICAL stock current value and its past values and can show if there is a momentum factor associated with investing in TIANDE CHEMICAL.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in TIANDE Stock
TIANDE CHEMICAL financial ratios help investors to determine whether TIANDE 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 TIANDE with respect to the benefits of owning TIANDE CHEMICAL security.