Tengda Construction (China) Market Value

600512 Stock   2.51  0.06  2.33%   
Tengda Construction's market value is the price at which a share of Tengda Construction trades on a public exchange. It measures the collective expectations of Tengda Construction Group investors about its performance. Tengda Construction is trading at 2.51 as of the 5th of December 2024, a 2.33 percent decrease since the beginning of the trading day. The stock's open price was 2.57.
With this module, you can estimate the performance of a buy and hold strategy of Tengda Construction Group and determine expected loss or profit from investing in Tengda Construction over a given investment horizon. Check out Tengda Construction Correlation, Tengda Construction Volatility and Tengda Construction Alpha and Beta module to complement your research on Tengda Construction.
Symbol

Please note, there is a significant difference between Tengda Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tengda Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tengda Construction'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.

Tengda Construction '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 Tengda Construction'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 Tengda Construction.
0.00
01/15/2023
No Change 0.00  0.0 
In 1 year 10 months and 21 days
12/05/2024
0.00
If you would invest  0.00  in Tengda Construction on January 15, 2023 and sell it all today you would earn a total of 0.00 from holding Tengda Construction Group or generate 0.0% return on investment in Tengda Construction over 690 days. Tengda Construction is related to or competes with Qingdao Choho, Anji Foodstuff, Guilin Seamild, Yunnan Xiyi, Pengxin International, Huafa Industrial, and Xiwang Foodstuffs. Tengda Construction is entity of China. It is traded as Stock on SHG exchange. More

Tengda Construction 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 Tengda Construction'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 Tengda Construction Group upside and downside potential and time the market with a certain degree of confidence.

Tengda Construction Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tengda Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tengda Construction's standard deviation. In reality, there are many statistical measures that can use Tengda Construction historical prices to predict the future Tengda Construction's volatility.
Hype
Prediction
LowEstimatedHigh
0.142.494.84
Details
Intrinsic
Valuation
LowRealHigh
0.101.994.34
Details
Naive
Forecast
LowNextHigh
0.172.524.87
Details

Tengda Construction Backtested Returns

Tengda Construction appears to be unstable, given 3 months investment horizon. Tengda Construction owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. By inspecting Tengda Construction's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please review Tengda Construction's Coefficient Of Variation of 604.79, risk adjusted performance of 0.1288, and Semi Deviation of 1.84 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tengda Construction holds a performance score of 17. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tengda Construction are expected to decrease at a much lower rate. During the bear market, Tengda Construction is likely to outperform the market. Please check Tengda Construction's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Tengda Construction's existing price patterns will revert.

Auto-correlation

    
  -0.32  

Poor reverse predictability

Tengda Construction Group has poor reverse predictability. Overlapping area represents the amount of predictability between Tengda Construction time series from 15th of January 2023 to 26th of December 2023 and 26th of December 2023 to 5th 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 Tengda Construction price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Tengda Construction price fluctuation can be explain by its past prices.
Correlation Coefficient-0.32
Spearman Rank Test0.04
Residual Average0.0
Price Variance0.04

Tengda Construction lagged returns against current returns

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

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

Tengda Construction Lagged Returns

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

Currently Active Assets on Macroaxis

Other Information on Investing in Tengda Stock

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