Tianshan Aluminum (China) Market Value
| 002532 Stock | 8.07 0.09 1.13% |
| Symbol | Tianshan |
Tianshan Aluminum '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 Tianshan Aluminum'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 Tianshan Aluminum.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Tianshan Aluminum on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Tianshan Aluminum Group or generate 0.0% return on investment in Tianshan Aluminum over 30 days. Tianshan Aluminum is related to or competes with BYD Co, China Mobile, Agricultural Bank, Industrial, China State, China Construction, and PetroChina. Tianshan Aluminum is entity of China. It is traded as Stock on SHE exchange. More
Tianshan Aluminum 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 Tianshan Aluminum'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 Tianshan Aluminum Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.0625 | |||
| Maximum Drawdown | 17.4 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 5.75 |
Tianshan Aluminum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tianshan Aluminum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tianshan Aluminum's standard deviation. In reality, there are many statistical measures that can use Tianshan Aluminum historical prices to predict the future Tianshan Aluminum's volatility.| Risk Adjusted Performance | 0.0905 | |||
| Jensen Alpha | 0.2993 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0628 | |||
| Treynor Ratio | 2.8 |
Tianshan Aluminum Backtested Returns
Tianshan Aluminum appears to be slightly risky, given 3 months investment horizon. Tianshan Aluminum owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tianshan Aluminum Group, which you can use to evaluate the volatility of the company. Please review Tianshan Aluminum's Semi Deviation of 2.58, risk adjusted performance of 0.0905, and Coefficient Of Variation of 920.25 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tianshan Aluminum holds a performance score of 10. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tianshan Aluminum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tianshan Aluminum is expected to be smaller as well. Please check Tianshan Aluminum's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Tianshan Aluminum's existing price patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Tianshan Aluminum Group has weak reverse predictability. Overlapping area represents the amount of predictability between Tianshan Aluminum time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Tianshan Aluminum price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Tianshan Aluminum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Tianshan Aluminum lagged returns against current returns
Autocorrelation, which is Tianshan Aluminum 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 Tianshan Aluminum's stock expected returns. We can calculate the autocorrelation of Tianshan Aluminum returns to help us make a trade decision. For example, suppose you find that Tianshan Aluminum 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 |
Tianshan Aluminum 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 Tianshan Aluminum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tianshan Aluminum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tianshan Aluminum stock over time.
Current vs Lagged Prices |
| Timeline |
Tianshan Aluminum Lagged Returns
When evaluating Tianshan Aluminum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tianshan Aluminum stock have on its future price. Tianshan Aluminum 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, Tianshan Aluminum autocorrelation shows the relationship between Tianshan Aluminum stock current value and its past values and can show if there is a momentum factor associated with investing in Tianshan Aluminum Group.
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 Tianshan Stock
Tianshan Aluminum financial ratios help investors to determine whether Tianshan 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 Tianshan with respect to the benefits of owning Tianshan Aluminum security.