Thinkingdom Media (China) Market Value
| 603096 Stock | 22.36 2.03 9.99% |
| Symbol | Thinkingdom |
Thinkingdom Media '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 Thinkingdom Media'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 Thinkingdom Media.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Thinkingdom Media on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Thinkingdom Media Group or generate 0.0% return on investment in Thinkingdom Media over 30 days. Thinkingdom Media is related to or competes with Cambricon Technologies, Loongson Technology, Shenzhen Fortune, Chongqing Road, Wuhan Xianglong, Empyrean Technology, and Hunan Airbluer. Thinkingdom Media is entity of China. It is traded as Stock on SHG exchange. More
Thinkingdom Media 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 Thinkingdom Media'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 Thinkingdom Media Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | 0.1559 | |||
| Maximum Drawdown | 17.71 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 6.69 |
Thinkingdom Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thinkingdom Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thinkingdom Media's standard deviation. In reality, there are many statistical measures that can use Thinkingdom Media historical prices to predict the future Thinkingdom Media's volatility.| Risk Adjusted Performance | 0.1613 | |||
| Jensen Alpha | 0.6242 | |||
| Total Risk Alpha | 0.0942 | |||
| Sortino Ratio | 0.1849 | |||
| Treynor Ratio | (3.39) |
Thinkingdom Media Backtested Returns
Thinkingdom Media appears to be not too volatile, given 3 months investment horizon. Thinkingdom Media 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 Thinkingdom Media's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please review Thinkingdom Media's Semi Deviation of 2.23, risk adjusted performance of 0.1613, and Coefficient Of Variation of 496.99 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Thinkingdom Media holds a performance score of 17. 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 Thinkingdom Media are expected to decrease at a much lower rate. During the bear market, Thinkingdom Media is likely to outperform the market. Please check Thinkingdom Media'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 Thinkingdom Media's existing price patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
Thinkingdom Media Group has modest predictability. Overlapping area represents the amount of predictability between Thinkingdom Media 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 Thinkingdom Media price movement. The serial correlation of 0.5 indicates that about 50.0% of current Thinkingdom Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 3.23 |
Thinkingdom Media lagged returns against current returns
Autocorrelation, which is Thinkingdom Media 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 Thinkingdom Media's stock expected returns. We can calculate the autocorrelation of Thinkingdom Media returns to help us make a trade decision. For example, suppose you find that Thinkingdom Media 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 |
Thinkingdom Media 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 Thinkingdom Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thinkingdom Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thinkingdom Media stock over time.
Current vs Lagged Prices |
| Timeline |
Thinkingdom Media Lagged Returns
When evaluating Thinkingdom Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thinkingdom Media stock have on its future price. Thinkingdom Media 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, Thinkingdom Media autocorrelation shows the relationship between Thinkingdom Media stock current value and its past values and can show if there is a momentum factor associated with investing in Thinkingdom Media Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Thinkingdom Stock
Thinkingdom Media financial ratios help investors to determine whether Thinkingdom 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 Thinkingdom with respect to the benefits of owning Thinkingdom Media security.