China Tianying (China) Market Value
| 000035 Stock | 5.05 0.14 2.85% |
| Symbol | China |
China Tianying '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 China Tianying'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 China Tianying.
| 07/08/2023 |
| 12/29/2024 |
If you would invest 0.00 in China Tianying on July 8, 2023 and sell it all today you would earn a total of 0.00 from holding China Tianying or generate 0.0% return on investment in China Tianying over 540 days. China Tianying is related to or competes with Sinomach Automobile, Iat Automobile, Zhejiang Qianjiang, Kontour Medical, Lootom Telcovideo, Zhonghong Pulin, and Jiangsu Xinri. China Tianying is entity of China. It is traded as Stock on SHE exchange. More
China Tianying 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 China Tianying'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 China Tianying upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.1107 | |||
| Maximum Drawdown | 18.62 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 4.91 |
China Tianying Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Tianying's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Tianying's standard deviation. In reality, there are many statistical measures that can use China Tianying historical prices to predict the future China Tianying's volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.3442 | |||
| Total Risk Alpha | 0.267 | |||
| Sortino Ratio | 0.1141 | |||
| Treynor Ratio | 1.52 |
China Tianying Backtested Returns
At this point, China Tianying is slightly risky. China Tianying secures Sharpe Ratio (or Efficiency) of 0.0124, which signifies that the company had a 0.0124% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Tianying, which you can use to evaluate the volatility of the firm. Please confirm China Tianying's Mean Deviation of 2.19, risk adjusted performance of 0.1042, and Downside Deviation of 2.87 to double-check if the risk estimate we provide is consistent with the expected return of 0.0341%. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Tianying's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Tianying is expected to be smaller as well. China Tianying right now shows a risk of 2.74%. Please confirm China Tianying semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if China Tianying will be following its price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
China Tianying has modest reverse predictability. Overlapping area represents the amount of predictability between China Tianying time series from 8th of July 2023 to 3rd of April 2024 and 3rd of April 2024 to 29th 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 China Tianying price movement. The serial correlation of -0.49 indicates that about 49.0% of current China Tianying price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
China Tianying lagged returns against current returns
Autocorrelation, which is China Tianying 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 China Tianying's stock expected returns. We can calculate the autocorrelation of China Tianying returns to help us make a trade decision. For example, suppose you find that China Tianying 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 |
China Tianying 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 China Tianying stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Tianying stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Tianying stock over time.
Current vs Lagged Prices |
| Timeline |
China Tianying Lagged Returns
When evaluating China Tianying's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Tianying stock have on its future price. China Tianying 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, China Tianying autocorrelation shows the relationship between China Tianying stock current value and its past values and can show if there is a momentum factor associated with investing in China Tianying.
Regressed Prices |
| Timeline |
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China Tianying financial ratios help investors to determine whether China 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 China with respect to the benefits of owning China Tianying security.