Tianjin Ruixin (China) Market Value
| 300828 Stock | 15.97 1.50 8.59% |
| Symbol | Tianjin |
Tianjin Ruixin '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 Tianjin Ruixin'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 Tianjin Ruixin.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Tianjin Ruixin on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Tianjin Ruixin Technology or generate 0.0% return on investment in Tianjin Ruixin over 30 days. Tianjin Ruixin is related to or competes with Shantou Wanshun, Haima Automobile, Qingdao Foods, Zhejiang Qianjiang, Gan Yuan, and Xiamen Jihong. Tianjin Ruixin is entity of China. It is traded as Stock on SHE exchange. More
Tianjin Ruixin 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 Tianjin Ruixin'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 Tianjin Ruixin Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.84 | |||
| Information Ratio | 0.1292 | |||
| Maximum Drawdown | 29.8 | |||
| Value At Risk | (4.77) | |||
| Potential Upside | 5.18 |
Tianjin Ruixin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tianjin Ruixin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tianjin Ruixin's standard deviation. In reality, there are many statistical measures that can use Tianjin Ruixin historical prices to predict the future Tianjin Ruixin's volatility.| Risk Adjusted Performance | 0.1163 | |||
| Jensen Alpha | 0.6197 | |||
| Total Risk Alpha | 0.4947 | |||
| Sortino Ratio | 0.1258 | |||
| Treynor Ratio | 1.14 |
Tianjin Ruixin Technology Backtested Returns
Tianjin Ruixin appears to be somewhat reliable, given 3 months investment horizon. Tianjin Ruixin Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Tianjin Ruixin's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Tianjin Ruixin's Coefficient Of Variation of 733.85, risk adjusted performance of 0.1163, and Semi Deviation of 3.97 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tianjin Ruixin holds a performance score of 10. The entity has a beta of 0.56, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tianjin Ruixin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tianjin Ruixin is expected to be smaller as well. Please check Tianjin Ruixin's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Tianjin Ruixin's existing price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
Tianjin Ruixin Technology has very good reverse predictability. Overlapping area represents the amount of predictability between Tianjin Ruixin time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Tianjin Ruixin Technology price movement. The serial correlation of -0.66 indicates that around 66.0% of current Tianjin Ruixin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Tianjin Ruixin Technology lagged returns against current returns
Autocorrelation, which is Tianjin Ruixin 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 Tianjin Ruixin's stock expected returns. We can calculate the autocorrelation of Tianjin Ruixin returns to help us make a trade decision. For example, suppose you find that Tianjin Ruixin 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 |
Tianjin Ruixin 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 Tianjin Ruixin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tianjin Ruixin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tianjin Ruixin stock over time.
Current vs Lagged Prices |
| Timeline |
Tianjin Ruixin Lagged Returns
When evaluating Tianjin Ruixin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tianjin Ruixin stock have on its future price. Tianjin Ruixin 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, Tianjin Ruixin autocorrelation shows the relationship between Tianjin Ruixin stock current value and its past values and can show if there is a momentum factor associated with investing in Tianjin Ruixin Technology.
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 Tianjin Stock
Tianjin Ruixin financial ratios help investors to determine whether Tianjin 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 Tianjin with respect to the benefits of owning Tianjin Ruixin security.