Tsinghuatongfang (China) Market Value

600100 Stock   7.64  0.05  0.65%   
Tsinghuatongfang's market value is the price at which a share of Tsinghuatongfang trades on a public exchange. It measures the collective expectations of Tsinghuatongfang Co investors about its performance. Tsinghuatongfang is trading at 7.64 as of the 22nd of December 2024, a 0.65 percent decrease since the beginning of the trading day. The stock's open price was 7.69.
With this module, you can estimate the performance of a buy and hold strategy of Tsinghuatongfang Co and determine expected loss or profit from investing in Tsinghuatongfang over a given investment horizon. Check out Tsinghuatongfang Correlation, Tsinghuatongfang Volatility and Tsinghuatongfang Alpha and Beta module to complement your research on Tsinghuatongfang.
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Please note, there is a significant difference between Tsinghuatongfang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tsinghuatongfang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tsinghuatongfang's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Tsinghuatongfang '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 Tsinghuatongfang'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 Tsinghuatongfang.
0.00
11/22/2024
No Change 0.00  0.0 
In 31 days
12/22/2024
0.00
If you would invest  0.00  in Tsinghuatongfang on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Tsinghuatongfang Co or generate 0.0% return on investment in Tsinghuatongfang over 30 days. Tsinghuatongfang is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Tsinghuatongfang is entity of China. It is traded as Stock on SHG exchange. More

Tsinghuatongfang 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 Tsinghuatongfang'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 Tsinghuatongfang Co upside and downside potential and time the market with a certain degree of confidence.

Tsinghuatongfang Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tsinghuatongfang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tsinghuatongfang's standard deviation. In reality, there are many statistical measures that can use Tsinghuatongfang historical prices to predict the future Tsinghuatongfang's volatility.
Hype
Prediction
LowEstimatedHigh
3.787.6111.44
Details
Intrinsic
Valuation
LowRealHigh
3.447.2711.10
Details

Tsinghuatongfang Backtested Returns

Tsinghuatongfang appears to be slightly risky, given 3 months investment horizon. Tsinghuatongfang owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Tsinghuatongfang's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please review Tsinghuatongfang's Coefficient Of Variation of 492.04, risk adjusted performance of 0.1689, and Semi Deviation of 2.85 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tsinghuatongfang holds a performance score of 14. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tsinghuatongfang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tsinghuatongfang is expected to be smaller as well. Please check Tsinghuatongfang'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 Tsinghuatongfang's existing price patterns will revert.

Auto-correlation

    
  -0.27  

Weak reverse predictability

Tsinghuatongfang Co has weak reverse predictability. Overlapping area represents the amount of predictability between Tsinghuatongfang 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 Tsinghuatongfang price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Tsinghuatongfang price fluctuation can be explain by its past prices.
Correlation Coefficient-0.27
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.02

Tsinghuatongfang lagged returns against current returns

Autocorrelation, which is Tsinghuatongfang 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 Tsinghuatongfang's stock expected returns. We can calculate the autocorrelation of Tsinghuatongfang returns to help us make a trade decision. For example, suppose you find that Tsinghuatongfang 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  

Tsinghuatongfang 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 Tsinghuatongfang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tsinghuatongfang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tsinghuatongfang stock over time.
   Current vs Lagged Prices   
       Timeline  

Tsinghuatongfang Lagged Returns

When evaluating Tsinghuatongfang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tsinghuatongfang stock have on its future price. Tsinghuatongfang 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, Tsinghuatongfang autocorrelation shows the relationship between Tsinghuatongfang stock current value and its past values and can show if there is a momentum factor associated with investing in Tsinghuatongfang Co.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Tsinghuatongfang Stock

Tsinghuatongfang financial ratios help investors to determine whether Tsinghuatongfang 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 Tsinghuatongfang with respect to the benefits of owning Tsinghuatongfang security.