Tsingtao Brewery (Germany) Market Value
| TSI Stock | EUR 5.88 0.05 0.86% |
| 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 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 Tsingtao Brewery.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Tsingtao Brewery on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Tsingtao Brewery or generate 0.0% return on investment in Tsingtao Brewery over 180 days. Tsingtao Brewery is related to or competes with SIVERS SEMICONDUCTORS, Darden Restaurants, Reliance Steel, Q2M Managementberatu, Hyster-Yale Materials, Hastings Technology, and Meli Hotels. 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 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 Tsingtao Brewery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | 0.0286 | |||
| Maximum Drawdown | 27.71 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 7.24 |
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 | 0.0573 | |||
| Jensen Alpha | 0.111 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0297 | |||
| Treynor Ratio | 0.2398 |
Tsingtao Brewery Backtested Returns
Tsingtao Brewery appears to be moderately volatile, given 3 months investment horizon. Tsingtao Brewery owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0879, which indicates the firm had a 0.0879% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tsingtao Brewery, which you can use to evaluate the volatility of the company. Please review Tsingtao Brewery's Coefficient Of Variation of 1551.56, risk adjusted performance of 0.0573, and Semi Deviation of 3.43 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 6. The entity has a beta of 0.99, which indicates possible diversification benefits within a given portfolio. Tsingtao Brewery returns are very sensitive to returns on the market. As the market goes up or down, Tsingtao Brewery is expected to follow. Please check Tsingtao Brewery's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Tsingtao Brewery's existing price patterns will revert.
Auto-correlation | 0.75 |
Good predictability
Tsingtao Brewery has good predictability. Overlapping area represents the amount of predictability between Tsingtao Brewery time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 0.75 indicates that around 75.0% of current Tsingtao Brewery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Tsingtao Brewery lagged returns against current returns
Autocorrelation, which is Tsingtao Brewery 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 Tsingtao Brewery's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tsingtao Brewery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tsingtao Brewery stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Tsingtao Brewery.
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 Tsingtao Stock
Tsingtao Brewery financial ratios help investors to determine whether Tsingtao 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 Tsingtao with respect to the benefits of owning Tsingtao Brewery security.