Tian Ruixiang Holdings Stock Market Value
| TIRX Stock | USD 1.78 0.04 2.30% |
| Symbol | Tian |
Tian Ruixiang Holdings Price To Book Ratio
Is Property & Casualty Insurance space 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 (4.77) | Revenue Per Share 0.85 | Quarterly Revenue Growth (0.75) | Return On Assets (0.07) | Return On Equity (0.11) |
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.
| 08/26/2024 |
| 11/24/2024 |
If you would invest 0.00 in Tian Ruixiang on August 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 90 days. Tian Ruixiang is related to or competes with Selectquote, GoHealth, Brown Brown, CorVel Corp, Erie Indemnity, EHealth, and Huize Holding. 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.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 20.59 | |||
| Value At Risk | (7.39) | |||
| Potential Upside | 8.47 |
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 | 0.0042 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.81) | |||
| Treynor Ratio | (0.04) |
Tian Ruixiang Holdings Backtested Returns
At this stage we consider Tian Stock to be dangerous. Tian Ruixiang Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0189, which indicates the firm had a 0.0189% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Tian Ruixiang Holdings, which you can use to evaluate the volatility of the company. Please validate Tian Ruixiang's Risk Adjusted Performance of 0.0042, variance of 24.18, and Coefficient Of Variation of (18,212) to confirm if the risk estimate we provide is consistent with the expected return of 0.0926%. Tian Ruixiang has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.82, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tian Ruixiang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tian Ruixiang is expected to be smaller as well. Tian Ruixiang Holdings right now has a risk of 4.91%. Please validate Tian Ruixiang maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Tian Ruixiang will be following its existing price patterns.
Auto-correlation | -0.67 |
Very good reverse predictability
Tian Ruixiang Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Tian Ruixiang time series from 26th of August 2024 to 10th of October 2024 and 10th of October 2024 to 24th of November 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 -0.67 indicates that around 67.0% of current Tian Ruixiang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional 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.