Tongxin International Stock Market Value
| TXIC Stock | USD 0.0001 0.00 0.00% |
| Symbol | Tongxin |
Tongxin International '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 Tongxin International'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 Tongxin International.
| 01/20/2023 |
| 01/09/2025 |
If you would invest 0.00 in Tongxin International on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding Tongxin International or generate 0.0% return on investment in Tongxin International over 720 days. Tongxin International is related to or competes with Arhaus, Floor Decor, Live Ventures, Walmart, International Business, Johnson Johnson, and GE Aerospace. Tongxin International, Ltd., through its subsidiary, Hunan Tongxin Enterprise Co Ltd., designs, manufactures, assembles,... More
Tongxin International 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 Tongxin International'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 Tongxin International upside and downside potential and time the market with a certain degree of confidence.
Tongxin International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tongxin International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tongxin International's standard deviation. In reality, there are many statistical measures that can use Tongxin International historical prices to predict the future Tongxin International's volatility.Tongxin International Backtested Returns
We have found three technical indicators for Tongxin International, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Tongxin International are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Tongxin International has no correlation between past and present. Overlapping area represents the amount of predictability between Tongxin International time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th of January 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 Tongxin International price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tongxin International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tongxin International lagged returns against current returns
Autocorrelation, which is Tongxin International 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 Tongxin International's pink sheet expected returns. We can calculate the autocorrelation of Tongxin International returns to help us make a trade decision. For example, suppose you find that Tongxin International 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 |
Tongxin International 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 Tongxin International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tongxin International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tongxin International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tongxin International Lagged Returns
When evaluating Tongxin International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tongxin International pink sheet have on its future price. Tongxin International 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, Tongxin International autocorrelation shows the relationship between Tongxin International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tongxin International.
Regressed Prices |
| Timeline |
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Other Information on Investing in Tongxin Pink Sheet
Tongxin International financial ratios help investors to determine whether Tongxin Pink Sheet 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 Tongxin with respect to the benefits of owning Tongxin International security.