Tuanche Adr Stock Market Value
| TC Stock | USD 1.71 0.04 2.40% |
| Symbol | TuanChe |
TuanChe ADR Price To Book Ratio
Is TuanChe ADR's industry 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 TuanChe ADR. If investors know TuanChe 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 TuanChe ADR listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.63) | Revenue Per Share 95.791 | Quarterly Revenue Growth (0.25) | Return On Assets (0.42) | Return On Equity (1.48) |
The market value of TuanChe ADR is measured differently than its book value, which is the value of TuanChe that is recorded on the company's balance sheet. Investors also form their own opinion of TuanChe ADR's value that differs from its market value or its book value, called intrinsic value, which is TuanChe ADR'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 TuanChe ADR's market value can be influenced by many factors that don't directly affect TuanChe ADR'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 TuanChe ADR's value and its price as these two are different measures arrived at by different means. Investors typically determine if TuanChe ADR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TuanChe ADR'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.
TuanChe ADR '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 TuanChe ADR'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 TuanChe ADR.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in TuanChe ADR on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding TuanChe ADR or generate 0.0% return on investment in TuanChe ADR over 720 days. TuanChe ADR is related to or competes with Twilio, and Tencent Holdings. TuanChe Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in China More
TuanChe ADR 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 TuanChe ADR'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 TuanChe ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 38.43 | |||
| Value At Risk | (11.79) | |||
| Potential Upside | 12.36 |
TuanChe ADR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TuanChe ADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TuanChe ADR's standard deviation. In reality, there are many statistical measures that can use TuanChe ADR historical prices to predict the future TuanChe ADR's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TuanChe ADR'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.
TuanChe ADR Backtested Returns
TuanChe ADR owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0101, which indicates the firm had a -0.0101% return per unit of risk over the last 3 months. TuanChe ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TuanChe ADR's Variance of 56.73, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,019) to confirm the risk estimate we provide. The entity has a beta of 1.15, which indicates a somewhat significant risk relative to the market. TuanChe ADR returns are very sensitive to returns on the market. As the market goes up or down, TuanChe ADR is expected to follow. TuanChe ADR has an expected return of -0.0763%. Please make sure to validate TuanChe ADR treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if TuanChe ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
TuanChe ADR has average predictability. Overlapping area represents the amount of predictability between TuanChe ADR time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 to 24th 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 TuanChe ADR price movement. The serial correlation of 0.43 indicates that just about 43.0% of current TuanChe ADR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 7.92 |
TuanChe ADR lagged returns against current returns
Autocorrelation, which is TuanChe ADR 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 TuanChe ADR's stock expected returns. We can calculate the autocorrelation of TuanChe ADR returns to help us make a trade decision. For example, suppose you find that TuanChe ADR 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 |
TuanChe ADR 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 TuanChe ADR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TuanChe ADR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TuanChe ADR stock over time.
Current vs Lagged Prices |
| Timeline |
TuanChe ADR Lagged Returns
When evaluating TuanChe ADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TuanChe ADR stock have on its future price. TuanChe ADR 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, TuanChe ADR autocorrelation shows the relationship between TuanChe ADR stock current value and its past values and can show if there is a momentum factor associated with investing in TuanChe ADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether TuanChe ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TuanChe ADR's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tuanche Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tuanche Adr Stock:Check out TuanChe ADR Correlation, TuanChe ADR Volatility and TuanChe ADR Alpha and Beta module to complement your research on TuanChe ADR. For information on how to trade TuanChe Stock refer to our How to Trade TuanChe Stock guide.Note that the TuanChe ADR information on this page should be used as a complementary analysis to other TuanChe ADR's 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for TuanChe Stock analysis
When running TuanChe ADR's price analysis, check to measure TuanChe ADR'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 TuanChe ADR is operating at the current time. Most of TuanChe ADR's value examination focuses on studying past and present price action to predict the probability of TuanChe ADR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TuanChe ADR's price. Additionally, you may evaluate how the addition of TuanChe ADR to your portfolios can decrease your overall portfolio volatility.
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TuanChe ADR 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.