TongFu Microelectronics (China) Market Value
| 002156 Stock | 29.99 0.36 1.21% |
| Symbol | TongFu |
TongFu Microelectronics '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 TongFu Microelectronics' 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 TongFu Microelectronics.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in TongFu Microelectronics on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding TongFu Microelectronics Co or generate 0.0% return on investment in TongFu Microelectronics over 540 days. TongFu Microelectronics is related to or competes with Kweichow Moutai, NAURA Technology, APT Medical, Contemporary Amperex, and Beijing Roborock. TongFu Microelectronics is entity of China More
TongFu Microelectronics 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 TongFu Microelectronics' 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 TongFu Microelectronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.49 | |||
| Information Ratio | 0.1235 | |||
| Maximum Drawdown | 19.93 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 10.0 |
TongFu Microelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TongFu Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TongFu Microelectronics' standard deviation. In reality, there are many statistical measures that can use TongFu Microelectronics historical prices to predict the future TongFu Microelectronics' volatility.| Risk Adjusted Performance | 0.1248 | |||
| Jensen Alpha | 0.7269 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.155 | |||
| Treynor Ratio | (1.08) |
TongFu Microelectronics Backtested Returns
TongFu Microelectronics appears to be not too volatile, given 3 months investment horizon. TongFu Microelectronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. By inspecting TongFu Microelectronics' technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please review TongFu Microelectronics' Risk Adjusted Performance of 0.1248, coefficient of variation of 657.36, and Semi Deviation of 3.0 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TongFu Microelectronics holds a performance score of 15. The entity has a beta of -0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning TongFu Microelectronics are expected to decrease at a much lower rate. During the bear market, TongFu Microelectronics is likely to outperform the market. Please check TongFu Microelectronics' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether TongFu Microelectronics' existing price patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
TongFu Microelectronics Co has very weak reverse predictability. Overlapping area represents the amount of predictability between TongFu Microelectronics time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 TongFu Microelectronics price movement. The serial correlation of -0.09 indicates that less than 9.0% of current TongFu Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 13.62 |
TongFu Microelectronics lagged returns against current returns
Autocorrelation, which is TongFu Microelectronics 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 TongFu Microelectronics' stock expected returns. We can calculate the autocorrelation of TongFu Microelectronics returns to help us make a trade decision. For example, suppose you find that TongFu Microelectronics 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 |
TongFu Microelectronics 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 TongFu Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TongFu Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TongFu Microelectronics stock over time.
Current vs Lagged Prices |
| Timeline |
TongFu Microelectronics Lagged Returns
When evaluating TongFu Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TongFu Microelectronics stock have on its future price. TongFu Microelectronics 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, TongFu Microelectronics autocorrelation shows the relationship between TongFu Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in TongFu Microelectronics Co.
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 TongFu Stock
TongFu Microelectronics financial ratios help investors to determine whether TongFu 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 TongFu with respect to the benefits of owning TongFu Microelectronics security.