We consider TSINGTAO BREWERY unusually risky. TSINGTAO BREWERY H
owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0159 which indicates TSINGTAO BREWERY H
had 0.0159% of return per unit of volatility over the last 2 months. Our way in which we are measuring volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for TSINGTAO BREWERY H YC 1 which you can use to evaluate future volatility of the company. Please validate TSINGTAO BREWERY Risk Adjusted Performance
of (0.11) and Coefficient Of Variation of (1,191) to confirm if risk estimate we provide are consistent with the epected return of 0.0432%. TSINGTAO BREWERY has performance score of 1 on a scale of 0 to 100. The entity has beta of 0.3444 which indicates as returns on market increase, TSINGTAO BREWERY returns are expected to increase less than the market. However during bear market, the loss on holding TSINGTAO BREWERY will be expected to be smaller as well.. Although it is extremely important to respect TSINGTAO BREWERY H current price movements, it is better to be realistic regarding the information on equity historical returns. The way in which we are measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating TSINGTAO BREWERY H technical indicators you can currently evaluate if the expected return of 0.0432% will be sustainable into the future. TSINGTAO BREWERY H presently has a risk of 2.7118%. Please validate TSINGTAO BREWERY Maximum Drawdown, Semi Variance and the relationship between Jensen Alpha and Potential Upside to decide if TSINGTAO BREWERY will be following its existing price patterns.
|15 days auto-correlation|| 0.16 |
Very weak predictability
TSINGTAO BREWERY H YC 1 has very weak predictability. Overlapping area represents the amount of predictability between TSINGTAO BREWERY time series from October 13, 2018 to November 12, 2018 and November 12, 2018 to December 12, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TSINGTAO BREWERY H price movement. The serial correlation of 0.16 indicates that over 16.0% of current TSINGTAO BREWERY price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.18|