Tencent Holdings Ltd Stock Market Value
| TCEHY Stock | USD 43.85 1.37 3.23% |
| Symbol | Tencent |
Tencent Holdings '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 Holdings' 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 Tencent Holdings.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Tencent Holdings on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tencent Holdings Ltd or generate 0.0% return on investment in Tencent Holdings over 30 days. Tencent Holdings is related to or competes with Twilio, Snap, Alphabet, Pinterest, Hello, Weibo Corp, and DouYu International. Tencent Holdings Limited, an investment holding company, provides value-added services and Online advertising services i... More
Tencent Holdings 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 Holdings' 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 Tencent Holdings Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.3629 | |||
| Maximum Drawdown | 5.94 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 2.98 |
Tencent Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tencent Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tencent Holdings' standard deviation. In reality, there are many statistical measures that can use Tencent Holdings historical prices to predict the future Tencent Holdings' volatility.| Risk Adjusted Performance | 0.2235 | |||
| Jensen Alpha | 0.5972 | |||
| Total Risk Alpha | 0.6956 | |||
| Sortino Ratio | 0.3978 | |||
| Treynor Ratio | 0.4128 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tencent Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tencent Holdings Backtested Returns
Tencent Holdings appears to be very steady, given 1 month investment horizon. Tencent Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.39, which indicates the firm had a 0.39% return per unit of risk over the last month. By inspecting Tencent Holdings' technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please review Tencent Holdings' Semi Deviation of 0.4895, coefficient of variation of 318.7, and Risk Adjusted Performance of 0.2235 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tencent Holdings holds a performance score of 30. The entity has a beta of 1.19, 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, Tencent Holdings will likely underperform. Please check Tencent Holdings' potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether Tencent Holdings' existing price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Tencent Holdings Ltd has very weak reverse predictability. Overlapping area represents the amount of predictability between Tencent Holdings time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Holdings price movement. The serial correlation of -0.01 indicates that just 1.0% of current Tencent Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 3.11 |
Tencent Holdings lagged returns against current returns
Autocorrelation, which is Tencent Holdings 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 Tencent Holdings' pink sheet expected returns. We can calculate the autocorrelation of Tencent Holdings returns to help us make a trade decision. For example, suppose you find that Tencent Holdings 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 |
Tencent Holdings 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 Holdings pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tencent Holdings pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tencent Holdings pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Tencent Holdings Lagged Returns
When evaluating Tencent Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tencent Holdings pink sheet have on its future price. Tencent Holdings 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 Holdings autocorrelation shows the relationship between Tencent Holdings pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Tencent Holdings Ltd.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Tencent Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Tencent Holdings' short interest history, or implied volatility extrapolated from Tencent Holdings options trading.
Currently Active Assets on Macroaxis
Check out Tencent Holdings Correlation, Tencent Holdings Volatility and Tencent Holdings Alpha and Beta module to complement your research on Tencent Holdings. Note that the Tencent Holdings information on this page should be used as a complementary analysis to other Tencent Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Tencent Pink Sheet analysis
When running Tencent Holdings' price analysis, check to measure Tencent Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tencent Holdings is operating at the current time. Most of Tencent Holdings' value examination focuses on studying past and present price action to predict the probability of Tencent Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tencent Holdings' price. Additionally, you may evaluate how the addition of Tencent Holdings to your portfolios can decrease your overall portfolio volatility.
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Tencent Holdings technical pink sheet 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, pink sheet market cycles, or different charting patterns.