Tanke Biosciences Stock Market Value
| TNBI Stock | USD 0.02 0.01 33.33% |
| Symbol | Tanke |
Tanke Biosciences '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 Tanke Biosciences' pink sheet 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 Tanke Biosciences.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Tanke Biosciences on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Tanke Biosciences or generate 0.0% return on investment in Tanke Biosciences over 30 days. Tanke Biosciences is related to or competes with Embrace Change. Tanke Biosciences Corporation, through its subsidiaries, develops, produces, markets, and sells animal nutrition and fee... More
Tanke Biosciences 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 Tanke Biosciences' pink sheet 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 Tanke Biosciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 40.15 | |||
| Information Ratio | 0.1315 | |||
| Maximum Drawdown | 450.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Tanke Biosciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tanke Biosciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tanke Biosciences' standard deviation. In reality, there are many statistical measures that can use Tanke Biosciences historical prices to predict the future Tanke Biosciences' volatility.| Risk Adjusted Performance | 0.1157 | |||
| Jensen Alpha | 6.74 | |||
| Total Risk Alpha | 4.71 | |||
| Sortino Ratio | 0.1738 | |||
| Treynor Ratio | 0.903 |
Tanke Biosciences Backtested Returns
Tanke Biosciences is out of control given 3 months investment horizon. Tanke Biosciences owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have analyzed twenty-seven different technical indicators, which can help you to evaluate if expected returns of 6.54% are justified by taking the suggested risk. Use Tanke Biosciences Risk Adjusted Performance of 0.1157, semi deviation of 11.38, and Coefficient Of Variation of 755.7 to evaluate company specific risk that cannot be diversified away. Tanke Biosciences holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 7.76, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tanke Biosciences will likely underperform. Use Tanke Biosciences maximum drawdown and the relationship between the semi variance and price action indicator , to analyze future returns on Tanke Biosciences.
Auto-correlation | 0.00 |
No correlation between past and present
Tanke Biosciences has no correlation between past and present. Overlapping area represents the amount of predictability between Tanke Biosciences time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Tanke Biosciences price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tanke Biosciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Tanke Biosciences lagged returns against current returns
Autocorrelation, which is Tanke Biosciences pink sheet'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 Tanke Biosciences' pink sheet expected returns. We can calculate the autocorrelation of Tanke Biosciences returns to help us make a trade decision. For example, suppose you find that Tanke Biosciences has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Tanke Biosciences 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 Tanke Biosciences pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tanke Biosciences pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tanke Biosciences pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tanke Biosciences Lagged Returns
When evaluating Tanke Biosciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tanke Biosciences pink sheet have on its future price. Tanke Biosciences 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, Tanke Biosciences autocorrelation shows the relationship between Tanke Biosciences pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tanke Biosciences.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Tanke Pink Sheet
Tanke Biosciences financial ratios help investors to determine whether Tanke Pink Sheet 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 Tanke with respect to the benefits of owning Tanke Biosciences security.