TSINGTAO H (Germany) Market Value
| TSI Stock | EUR 6.53 0.15 2.35% |
| Symbol | TSINGTAO |
TSINGTAO H '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 TSINGTAO H'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 TSINGTAO H.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in TSINGTAO H on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding TSINGTAO H or generate 0.0% return on investment in TSINGTAO H over 90 days. TSINGTAO H is related to or competes with Sixt Leasing, UNITED RENTALS, Tyson Foods, Nomad Foods, Astral Foods, and Cal Maine. More
TSINGTAO H 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 TSINGTAO H'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 TSINGTAO H upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.1321 | |||
| Maximum Drawdown | 11.33 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 4.29 |
TSINGTAO H Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TSINGTAO H's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TSINGTAO H's standard deviation. In reality, there are many statistical measures that can use TSINGTAO H historical prices to predict the future TSINGTAO H's volatility.| Risk Adjusted Performance | 0.1132 | |||
| Jensen Alpha | 0.3437 | |||
| Total Risk Alpha | 0.0952 | |||
| Sortino Ratio | 0.137 | |||
| Treynor Ratio | 0.6807 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TSINGTAO H's 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.
TSINGTAO H Backtested Returns
TSINGTAO H appears to be somewhat reliable, given 3 months investment horizon. TSINGTAO H owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for TSINGTAO H , which you can use to evaluate the volatility of the company. Please review TSINGTAO H's coefficient of variation of 589.76, and Risk Adjusted Performance of 0.1132 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, TSINGTAO H holds a performance score of 13. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TSINGTAO H's returns are expected to increase less than the market. However, during the bear market, the loss of holding TSINGTAO H is expected to be smaller as well. Please check TSINGTAO H's maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether TSINGTAO H's existing price patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
TSINGTAO H has modest reverse predictability. Overlapping area represents the amount of predictability between TSINGTAO H time series from 26th of January 2024 to 11th of March 2024 and 11th of March 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 TSINGTAO H price movement. The serial correlation of -0.46 indicates that about 46.0% of current TSINGTAO H price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
TSINGTAO H lagged returns against current returns
Autocorrelation, which is TSINGTAO H 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 TSINGTAO H's stock expected returns. We can calculate the autocorrelation of TSINGTAO H returns to help us make a trade decision. For example, suppose you find that TSINGTAO H 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 |
TSINGTAO H 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 TSINGTAO H stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TSINGTAO H stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TSINGTAO H stock over time.
Current vs Lagged Prices |
| Timeline |
TSINGTAO H Lagged Returns
When evaluating TSINGTAO H's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TSINGTAO H stock have on its future price. TSINGTAO H 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, TSINGTAO H autocorrelation shows the relationship between TSINGTAO H stock current value and its past values and can show if there is a momentum factor associated with investing in TSINGTAO H .
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out TSINGTAO H Correlation, TSINGTAO H Volatility and TSINGTAO H Alpha and Beta module to complement your research on TSINGTAO H. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for TSINGTAO Stock analysis
When running TSINGTAO H's price analysis, check to measure TSINGTAO H's 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 TSINGTAO H is operating at the current time. Most of TSINGTAO H's value examination focuses on studying past and present price action to predict the probability of TSINGTAO H's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TSINGTAO H's price. Additionally, you may evaluate how the addition of TSINGTAO H to your portfolios can decrease your overall portfolio volatility.
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TSINGTAO H 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.