Beijing Tong (Germany) Market Value

TQR Stock  EUR 1.00  0.01  1.01%   
Beijing Tong's market value is the price at which a share of Beijing Tong trades on a public exchange. It measures the collective expectations of Beijing Tong Ren investors about its performance. Beijing Tong is trading at 1.0 as of the 12th of December 2024. This is a 1.01 percent increase since the beginning of the trading day. The stock's lowest day price was 0.99.
With this module, you can estimate the performance of a buy and hold strategy of Beijing Tong Ren and determine expected loss or profit from investing in Beijing Tong over a given investment horizon. Check out Beijing Tong Correlation, Beijing Tong Volatility and Beijing Tong Alpha and Beta module to complement your research on Beijing Tong.
Symbol

Please note, there is a significant difference between Beijing Tong's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beijing Tong is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beijing Tong's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Beijing Tong '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 Beijing Tong'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 Beijing Tong.
0.00
05/16/2024
No Change 0.00  0.0 
In 6 months and 30 days
12/12/2024
0.00
If you would invest  0.00  in Beijing Tong on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding Beijing Tong Ren or generate 0.0% return on investment in Beijing Tong over 210 days. Beijing Tong is related to or competes with Broadcom, China Communications, GOLD ROAD, Gamma Communications, Cogent Communications, Gaztransport Technigaz, and Spirent Communications. Beijing Tong Ren Tang Chinese Medicine Company Limited, together with its subsidiaries, engages in the manufacture, reta... More

Beijing Tong 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 Beijing Tong'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 Beijing Tong Ren upside and downside potential and time the market with a certain degree of confidence.

Beijing Tong Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Beijing Tong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Beijing Tong's standard deviation. In reality, there are many statistical measures that can use Beijing Tong historical prices to predict the future Beijing Tong's volatility.
Hype
Prediction
LowEstimatedHigh
0.050.993.83
Details
Intrinsic
Valuation
LowRealHigh
0.050.913.75
Details
Naive
Forecast
LowNextHigh
0.021.003.84
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.950.981.01
Details

Beijing Tong Ren Backtested Returns

Beijing Tong appears to be dangerous, given 3 months investment horizon. Beijing Tong Ren secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Beijing Tong Ren, which you can use to evaluate the volatility of the firm. Please makes use of Beijing Tong's Downside Deviation of 3.09, risk adjusted performance of 0.0857, and Mean Deviation of 2.08 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Beijing Tong holds a performance score of 8. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Beijing Tong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Beijing Tong is expected to be smaller as well. Please check Beijing Tong's maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether Beijing Tong's price patterns will revert.

Auto-correlation

    
  0.78  

Good predictability

Beijing Tong Ren has good predictability. Overlapping area represents the amount of predictability between Beijing Tong time series from 16th of May 2024 to 29th of August 2024 and 29th of August 2024 to 12th 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 Beijing Tong Ren price movement. The serial correlation of 0.78 indicates that around 78.0% of current Beijing Tong price fluctuation can be explain by its past prices.
Correlation Coefficient0.78
Spearman Rank Test0.47
Residual Average0.0
Price Variance0.0

Beijing Tong Ren lagged returns against current returns

Autocorrelation, which is Beijing Tong 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 Beijing Tong's stock expected returns. We can calculate the autocorrelation of Beijing Tong returns to help us make a trade decision. For example, suppose you find that Beijing Tong 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  

Beijing Tong 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 Beijing Tong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Beijing Tong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Beijing Tong stock over time.
   Current vs Lagged Prices   
       Timeline  

Beijing Tong Lagged Returns

When evaluating Beijing Tong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Beijing Tong stock have on its future price. Beijing Tong 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, Beijing Tong autocorrelation shows the relationship between Beijing Tong stock current value and its past values and can show if there is a momentum factor associated with investing in Beijing Tong Ren.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Beijing Stock

Beijing Tong financial ratios help investors to determine whether Beijing 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 Beijing with respect to the benefits of owning Beijing Tong security.