Tencent OTC Stock Market Value

TCTZF -  USA Stock  

USD 61.73  3.03  5.16%

Tencent Holdings' market value is the price at which a share of Tencent Holdings stock trades on a public exchange. It measures the collective expectations of Tencent Holdings investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Tencent Holdings and determine expected loss or profit from investing in Tencent Holdings over a given investment horizon. Additionally, take a look at Tencent Holdings Hype Analysis, Tencent Holdings Correlation, Tencent Holdings Valuation, Tencent Holdings Volatility, as well as analyze Tencent Holdings Alpha and Beta and Tencent Holdings Performance.
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Backtest


The market value of Tencent Holdings is measured differently than its book value, which is the value of Tencent that is recorded on the company's balance sheet. Investors also form their own opinion of Tencent Holdings' value that differs from its market value or its book value, called intrinsic value, which is Tencent Holdings' 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 Tencent Holdings' market value can be influenced by many factors that don't directly affect Tencent Holdings underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tencent Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Tencent Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tencent Holdings' 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.

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' otc 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 Tencent Holdings.
0.00
06/29/2021
No Change 0.00  0.0 
In 31 days
07/29/2021
0.00
If you would invest  0.00  in Tencent Holdings on June 29, 2021 and sell it all today you would earn a total of 0.00 from holding Tencent Holdings or generate 0.0% return on investment in Tencent Holdings over 30 days. Tencent Holdings is related to or competes with Alphabet, Facebook, Prosus NV, Prosus NV, Naspers, Netease Inc, and Baidu Inc. Tencent Holdings Limited, an investment holding company, provides value-added services and Online advertising services i...

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' otc 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 Tencent Holdings upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Tencent Holdings in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
59.2361.6764.11
Details
Intrinsic
Valuation
LowReal ValueHigh
52.8955.3367.90
Details
Naive
Forecast
LowNext ValueHigh
54.4556.8959.32
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
62.2573.2284.20
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tencent Holdings. Your research has to be compared to or analyzed against Tencent Holdings' peers to derive any actionable benefits. When done correctly, Tencent Holdings' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Tencent Holdings.

Tencent Holdings Backtested Returns

Tencent Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had -0.15% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Tencent Holdings exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Tencent Holdings coefficient of variation of (652.16), and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide.
The entity has a beta of 0.0845, which indicates not very significant fluctuations relative to the market. Let's try to break down what Tencent's beta means in this case. As returns on the market increase, Tencent Holdings returns are expected to increase less than the market. However, during the bear market, the loss on holding Tencent Holdings will be expected to be smaller as well. Even though it is essential to pay attention to Tencent Holdings current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Tencent Holdings exposes twenty-one different technical indicators, which can help you to evaluate its performance. Tencent Holdings has an expected return of -0.37%. Please be advised to validate Tencent Holdings variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Tencent Holdings performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.56   

Modest predictability

Tencent Holdings has modest predictability. Overlapping area represents the amount of predictability between Tencent Holdings time series from 29th of June 2021 to 14th of July 2021 and 14th of July 2021 to 29th of July 2021. 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 0.56 indicates that roughly 56.0% of current Tencent Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient0.56
Spearman Rank Test0.67
Residual Average0.0
Price Variance22.89

Tencent Holdings lagged returns against current returns

Autocorrelation, which is Tencent Holdings otc 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 Tencent Holdings' otc stock 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 otc stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tencent Holdings otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tencent Holdings otc stock over time.
 Current vs Lagged Prices 
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      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 otc stock 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 otc stock current value and its past values and can show if there is a momentum factor associated with investing in Tencent Holdings.
 Regressed Prices 
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      Timeline 

Tencent Holdings Investors Sentiment

The influence of Tencent Holdings' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Tencent. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - TCTZF

Tencent Holdings Investor Sentiment

Most of Macroaxis users are at this time bullish on Tencent Holdings. What is your outlook on investing in Tencent Holdings? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally, take a look at Tencent Holdings Hype Analysis, Tencent Holdings Correlation, Tencent Holdings Valuation, Tencent Holdings Volatility, as well as analyze Tencent Holdings Alpha and Beta and Tencent Holdings Performance. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Tencent OTC Stock 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 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 otc 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.
A focus of Tencent Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tencent Holdings trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...