Tsingtao Brewery Co Stock Market Value
| TSGTY Stock | USD 34.95 1.70 5.11% |
| Symbol | Tsingtao |
Tsingtao Brewery '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 Tsingtao Brewery's pink sheet 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 Tsingtao Brewery.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Tsingtao Brewery on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Tsingtao Brewery Co or generate 0.0% return on investment in Tsingtao Brewery over 720 days. Tsingtao Brewery is related to or competes with Anheuser Busch, Anheuser Busch, Molson Coors, Heineken, Heineken, Molson Coors, and Boston Beer. Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, an... More
Tsingtao Brewery 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 Tsingtao Brewery's pink sheet 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 Tsingtao Brewery Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.78 | |||
| Information Ratio | 0.0736 | |||
| Maximum Drawdown | 33.66 | |||
| Value At Risk | (7.27) | |||
| Potential Upside | 8.74 |
Tsingtao Brewery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tsingtao Brewery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tsingtao Brewery's standard deviation. In reality, there are many statistical measures that can use Tsingtao Brewery historical prices to predict the future Tsingtao Brewery's volatility.| Risk Adjusted Performance | 0.0797 | |||
| Jensen Alpha | 0.454 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0542 | |||
| Treynor Ratio | 1.95 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tsingtao Brewery's 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.
Tsingtao Brewery Backtested Returns
Tsingtao Brewery appears to be not too volatile, given 3 months investment horizon. Tsingtao Brewery owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. By inspecting Tsingtao Brewery's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please review Tsingtao Brewery's Risk Adjusted Performance of 0.0797, semi deviation of 3.62, and Coefficient Of Variation of 1015.71 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tsingtao Brewery holds a performance score of 8. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tsingtao Brewery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tsingtao Brewery is expected to be smaller as well. Please check Tsingtao Brewery's maximum drawdown, as well as the relationship between the skewness and price action indicator , to make a quick decision on whether Tsingtao Brewery's existing price patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Tsingtao Brewery Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Tsingtao Brewery time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 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 Tsingtao Brewery price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Tsingtao Brewery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 11.5 |
Tsingtao Brewery lagged returns against current returns
Autocorrelation, which is Tsingtao Brewery pink sheet'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 Tsingtao Brewery's pink sheet expected returns. We can calculate the autocorrelation of Tsingtao Brewery returns to help us make a trade decision. For example, suppose you find that Tsingtao Brewery has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Tsingtao Brewery 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 Tsingtao Brewery pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tsingtao Brewery pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tsingtao Brewery pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tsingtao Brewery Lagged Returns
When evaluating Tsingtao Brewery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tsingtao Brewery pink sheet have on its future price. Tsingtao Brewery 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, Tsingtao Brewery autocorrelation shows the relationship between Tsingtao Brewery pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tsingtao Brewery Co.
Regressed Prices |
| Timeline |
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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.Additional Tools for Tsingtao Pink Sheet Analysis
When running Tsingtao Brewery's price analysis, check to measure Tsingtao Brewery's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tsingtao Brewery is operating at the current time. Most of Tsingtao Brewery's value examination focuses on studying past and present price action to predict the probability of Tsingtao Brewery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tsingtao Brewery's price. Additionally, you may evaluate how the addition of Tsingtao Brewery to your portfolios can decrease your overall portfolio volatility.