Tian Ruixiang Holdings Stock Market Value
| TIRX Stock | USD 0.50 0.01 1.96% |
| Symbol | Tian |
Tian Ruixiang Holdings Price To Book Ratio
Is Tian Ruixiang'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 Tian Ruixiang. If investors know Tian 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 Tian Ruixiang listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.89) | Revenue Per Share 0.397 | Quarterly Revenue Growth (0.23) | Return On Assets (0.05) | Return On Equity (0.07) |
The market value of Tian Ruixiang Holdings is measured differently than its book value, which is the value of Tian that is recorded on the company's balance sheet. Investors also form their own opinion of Tian Ruixiang's value that differs from its market value or its book value, called intrinsic value, which is Tian Ruixiang'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 Tian Ruixiang's market value can be influenced by many factors that don't directly affect Tian Ruixiang'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 Tian Ruixiang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tian Ruixiang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tian Ruixiang'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.
Tian Ruixiang '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 Tian Ruixiang'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 Tian Ruixiang.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Tian Ruixiang on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Tian Ruixiang Holdings or generate 0.0% return on investment in Tian Ruixiang over 30 days. Tian Ruixiang is related to or competes with Selectquote, GoHealth, Brown Brown, Fanhua, CorVel Corp, Erie Indemnity, and Brp. Tian Ruixiang Holdings Ltd, together its subsidiaries, operates as an insurance broker in China and the United States More
Tian Ruixiang 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 Tian Ruixiang'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 Tian Ruixiang Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.72 | |||
| Information Ratio | 0.0317 | |||
| Maximum Drawdown | 74.67 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 12.73 |
Tian Ruixiang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tian Ruixiang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tian Ruixiang's standard deviation. In reality, there are many statistical measures that can use Tian Ruixiang historical prices to predict the future Tian Ruixiang's volatility.| Risk Adjusted Performance | 0.0342 | |||
| Jensen Alpha | 0.5183 | |||
| Total Risk Alpha | (1.16) | |||
| Sortino Ratio | 0.0432 | |||
| Treynor Ratio | (0.70) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tian Ruixiang'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.
Tian Ruixiang Holdings Backtested Returns
Tian Ruixiang appears to be out of control, given 3 months investment horizon. Tian Ruixiang Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0381, which indicates the firm had a 0.0381% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tian Ruixiang Holdings, which you can use to evaluate the volatility of the company. Please review Tian Ruixiang's Semi Deviation of 7.08, coefficient of variation of 2518.27, and Risk Adjusted Performance of 0.0342 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tian Ruixiang holds a performance score of 2. The entity has a beta of -0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tian Ruixiang are expected to decrease at a much lower rate. During the bear market, Tian Ruixiang is likely to outperform the market. Please check Tian Ruixiang's total risk alpha, as well as the relationship between the downside variance and rate of daily change , to make a quick decision on whether Tian Ruixiang's existing price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Tian Ruixiang Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Tian Ruixiang 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 Tian Ruixiang Holdings price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Tian Ruixiang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tian Ruixiang Holdings lagged returns against current returns
Autocorrelation, which is Tian Ruixiang 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 Tian Ruixiang's stock expected returns. We can calculate the autocorrelation of Tian Ruixiang returns to help us make a trade decision. For example, suppose you find that Tian Ruixiang 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 |
Tian Ruixiang 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 Tian Ruixiang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tian Ruixiang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tian Ruixiang stock over time.
Current vs Lagged Prices |
| Timeline |
Tian Ruixiang Lagged Returns
When evaluating Tian Ruixiang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tian Ruixiang stock have on its future price. Tian Ruixiang 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, Tian Ruixiang autocorrelation shows the relationship between Tian Ruixiang stock current value and its past values and can show if there is a momentum factor associated with investing in Tian Ruixiang Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Tian Ruixiang Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tian Ruixiang'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 Tian Ruixiang Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tian Ruixiang Holdings Stock:Check out Tian Ruixiang Correlation, Tian Ruixiang Volatility and Tian Ruixiang Alpha and Beta module to complement your research on Tian Ruixiang. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Tian Stock analysis
When running Tian Ruixiang's price analysis, check to measure Tian Ruixiang'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 Tian Ruixiang is operating at the current time. Most of Tian Ruixiang's value examination focuses on studying past and present price action to predict the probability of Tian Ruixiang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tian Ruixiang's price. Additionally, you may evaluate how the addition of Tian Ruixiang to your portfolios can decrease your overall portfolio volatility.
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Tian Ruixiang 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.