Sichuan Tianqi (China) Market Value
| 002466 Stock | 34.84 0.36 1.04% |
| Symbol | Sichuan |
Sichuan Tianqi '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 Sichuan Tianqi'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 Sichuan Tianqi.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Sichuan Tianqi on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Sichuan Tianqi Lithium or generate 0.0% return on investment in Sichuan Tianqi over 30 days. Sichuan Tianqi is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Sichuan Tianqi is entity of China. It is traded as Stock on SHE exchange. More
Sichuan Tianqi 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 Sichuan Tianqi'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 Sichuan Tianqi Lithium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.81 | |||
| Information Ratio | 0.1006 | |||
| Maximum Drawdown | 18.58 | |||
| Value At Risk | (6.70) | |||
| Potential Upside | 10.0 |
Sichuan Tianqi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sichuan Tianqi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sichuan Tianqi's standard deviation. In reality, there are many statistical measures that can use Sichuan Tianqi historical prices to predict the future Sichuan Tianqi's volatility.| Risk Adjusted Performance | 0.094 | |||
| Jensen Alpha | 0.4392 | |||
| Total Risk Alpha | 0.3203 | |||
| Sortino Ratio | 0.1083 | |||
| Treynor Ratio | (2.39) |
Sichuan Tianqi Lithium Backtested Returns
Sichuan Tianqi appears to be not too volatile, given 3 months investment horizon. Sichuan Tianqi Lithium owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Sichuan Tianqi's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please review Sichuan Tianqi's Risk Adjusted Performance of 0.094, semi deviation of 3.28, and Coefficient Of Variation of 921.74 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sichuan Tianqi holds a performance score of 12. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sichuan Tianqi are expected to decrease at a much lower rate. During the bear market, Sichuan Tianqi is likely to outperform the market. Please check Sichuan Tianqi's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Sichuan Tianqi's existing price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Sichuan Tianqi Lithium has good predictability. Overlapping area represents the amount of predictability between Sichuan Tianqi time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Sichuan Tianqi Lithium price movement. The serial correlation of 0.73 indicates that around 73.0% of current Sichuan Tianqi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1.46 |
Sichuan Tianqi Lithium lagged returns against current returns
Autocorrelation, which is Sichuan Tianqi 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 Sichuan Tianqi's stock expected returns. We can calculate the autocorrelation of Sichuan Tianqi returns to help us make a trade decision. For example, suppose you find that Sichuan Tianqi 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 |
Sichuan Tianqi 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 Sichuan Tianqi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sichuan Tianqi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sichuan Tianqi stock over time.
Current vs Lagged Prices |
| Timeline |
Sichuan Tianqi Lagged Returns
When evaluating Sichuan Tianqi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sichuan Tianqi stock have on its future price. Sichuan Tianqi 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, Sichuan Tianqi autocorrelation shows the relationship between Sichuan Tianqi stock current value and its past values and can show if there is a momentum factor associated with investing in Sichuan Tianqi Lithium.
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.Other Information on Investing in Sichuan Stock
Sichuan Tianqi financial ratios help investors to determine whether Sichuan 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 Sichuan with respect to the benefits of owning Sichuan Tianqi security.