Tencent Music Entertainment Stock Market Value
| TME Stock | USD 11.41 0.10 0.87% |
| Symbol | Tencent |
Tencent Music Entert Price To Book Ratio
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tencent Music. If investors know Tencent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tencent Music listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.351 | Earnings Share 0.49 | Revenue Per Share 18.009 | Quarterly Revenue Growth 0.068 | Return On Assets 0.0543 |
The market value of Tencent Music Entert is measured differently than its book value, which is the value of Tencent that is recorded on the company's balance sheet. Investors also form their own opinion of Tencent Music's value that differs from its market value or its book value, called intrinsic value, which is Tencent Music's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tencent Music's market value can be influenced by many factors that don't directly affect Tencent Music's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tencent Music's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tencent Music is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tencent Music'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.
Tencent Music '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 Tencent Music'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 Tencent Music.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Tencent Music on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Tencent Music Entertainment or generate 0.0% return on investment in Tencent Music over 180 days. Tencent Music is related to or competes with Baidu, Twilio, Spotify Technology, Weibo Corp, YY, DouYu International, and Autohome. Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karao... More
Tencent Music 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 Tencent Music'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 Tencent Music Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | 0.0266 | |||
| Maximum Drawdown | 21.86 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 5.81 |
Tencent Music Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tencent Music's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tencent Music's standard deviation. In reality, there are many statistical measures that can use Tencent Music historical prices to predict the future Tencent Music's volatility.| Risk Adjusted Performance | 0.0585 | |||
| Jensen Alpha | 0.1352 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0373 | |||
| Treynor Ratio | 0.3311 |
Tencent Music Entert Backtested Returns
Tencent Music appears to be somewhat reliable, given 3 months investment horizon. Tencent Music Entert owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0605, which indicates the firm had a 0.0605% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tencent Music Entertainment, which you can use to evaluate the volatility of the company. Please review Tencent Music's Semi Deviation of 2.27, coefficient of variation of 1509.19, and Risk Adjusted Performance of 0.0585 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tencent Music holds a performance score of 4. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tencent Music's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tencent Music is expected to be smaller as well. Please check Tencent Music's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Tencent Music's existing price patterns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Tencent Music Entertainment has insignificant predictability. Overlapping area represents the amount of predictability between Tencent Music time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Tencent Music Entert price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Tencent Music price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Tencent Music Entert lagged returns against current returns
Autocorrelation, which is Tencent Music 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 Tencent Music's stock expected returns. We can calculate the autocorrelation of Tencent Music returns to help us make a trade decision. For example, suppose you find that Tencent Music 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 |
Tencent Music 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 Tencent Music stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tencent Music stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tencent Music stock over time.
Current vs Lagged Prices |
| Timeline |
Tencent Music Lagged Returns
When evaluating Tencent Music's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tencent Music stock have on its future price. Tencent Music 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, Tencent Music autocorrelation shows the relationship between Tencent Music stock current value and its past values and can show if there is a momentum factor associated with investing in Tencent Music Entertainment.
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.When determining whether Tencent Music Entert is a strong investment it is important to analyze Tencent Music's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tencent Music's future performance. For an informed investment choice regarding Tencent Stock, refer to the following important reports:Check out Tencent Music Correlation, Tencent Music Volatility and Tencent Music Alpha and Beta module to complement your research on Tencent Music. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Tencent Music technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.