Xian International (China) Market Value
| 000516 Stock | 6.20 0.32 5.44% |
| Symbol | Xian |
Xian International '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 Xian International'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 Xian International.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Xian International on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Xian International Medical or generate 0.0% return on investment in Xian International over 540 days. Xian International is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, Ping An, China Mobile, and Shanghai Pudong. Xian International is entity of China. It is traded as Stock on SHE exchange. More
Xian International 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 Xian International'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 Xian International Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.135 | |||
| Maximum Drawdown | 17.24 | |||
| Value At Risk | (4.94) | |||
| Potential Upside | 9.98 |
Xian International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xian International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xian International's standard deviation. In reality, there are many statistical measures that can use Xian International historical prices to predict the future Xian International's volatility.| Risk Adjusted Performance | 0.1381 | |||
| Jensen Alpha | 0.6232 | |||
| Total Risk Alpha | 0.0026 | |||
| Sortino Ratio | 0.172 | |||
| Treynor Ratio | 2.58 |
Xian International Backtested Returns
Xian International appears to be moderately volatile, given 3 months investment horizon. Xian International shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. By examining Xian International's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please utilize Xian International's Market Risk Adjusted Performance of 2.59, mean deviation of 2.95, and Downside Deviation of 3.07 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xian International holds a performance score of 14. The firm maintains a market beta of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xian International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xian International is expected to be smaller as well. Please check Xian International's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Xian International's historical returns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Xian International Medical has weak reverse predictability. Overlapping area represents the amount of predictability between Xian International time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Xian International price movement. The serial correlation of -0.24 indicates that over 24.0% of current Xian International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Xian International lagged returns against current returns
Autocorrelation, which is Xian International 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 Xian International's stock expected returns. We can calculate the autocorrelation of Xian International returns to help us make a trade decision. For example, suppose you find that Xian International 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 |
Xian International 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 Xian International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xian International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xian International stock over time.
Current vs Lagged Prices |
| Timeline |
Xian International Lagged Returns
When evaluating Xian International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xian International stock have on its future price. Xian International 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, Xian International autocorrelation shows the relationship between Xian International stock current value and its past values and can show if there is a momentum factor associated with investing in Xian International Medical.
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.Other Information on Investing in Xian Stock
Xian International financial ratios help investors to determine whether Xian Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Xian with respect to the benefits of owning Xian International security.