Tinavi Medical (China) Market Value
| 688277 Stock | 10.66 0.08 0.74% |
| Symbol | Tinavi |
Tinavi Medical '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 Tinavi Medical'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 Tinavi Medical.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Tinavi Medical on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Tinavi Medical Technologies or generate 0.0% return on investment in Tinavi Medical over 180 days. Tinavi Medical is related to or competes with New China, Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, and Shandong Ruifeng. Tinavi Medical is entity of China. It is traded as Stock on SHG exchange. More
Tinavi Medical 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 Tinavi Medical'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 Tinavi Medical Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.78 | |||
| Information Ratio | 0.1763 | |||
| Maximum Drawdown | 27.03 | |||
| Value At Risk | (5.85) | |||
| Potential Upside | 8.28 |
Tinavi Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tinavi Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tinavi Medical's standard deviation. In reality, there are many statistical measures that can use Tinavi Medical historical prices to predict the future Tinavi Medical's volatility.| Risk Adjusted Performance | 0.154 | |||
| Jensen Alpha | 0.9114 | |||
| Total Risk Alpha | 0.7762 | |||
| Sortino Ratio | 0.2371 | |||
| Treynor Ratio | 3.26 |
Tinavi Medical Techn Backtested Returns
Tinavi Medical appears to be slightly risky, given 3 months investment horizon. Tinavi Medical Techn owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0908, which indicates the firm had a 0.0908% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tinavi Medical Technologies, which you can use to evaluate the volatility of the company. Please review Tinavi Medical's Coefficient Of Variation of 547.67, semi deviation of 3.23, and Risk Adjusted Performance of 0.154 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tinavi Medical holds a performance score of 7. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tinavi Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tinavi Medical is expected to be smaller as well. Please check Tinavi Medical's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Tinavi Medical's existing price patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Tinavi Medical Technologies has poor reverse predictability. Overlapping area represents the amount of predictability between Tinavi Medical time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Tinavi Medical Techn price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Tinavi Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Tinavi Medical Techn lagged returns against current returns
Autocorrelation, which is Tinavi Medical 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 Tinavi Medical's stock expected returns. We can calculate the autocorrelation of Tinavi Medical returns to help us make a trade decision. For example, suppose you find that Tinavi Medical 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 |
Tinavi Medical 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 Tinavi Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tinavi Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tinavi Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Tinavi Medical Lagged Returns
When evaluating Tinavi Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tinavi Medical stock have on its future price. Tinavi Medical 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, Tinavi Medical autocorrelation shows the relationship between Tinavi Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Tinavi Medical Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tinavi Stock
Tinavi Medical financial ratios help investors to determine whether Tinavi 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 Tinavi with respect to the benefits of owning Tinavi Medical security.