Xian International (China) Market Value
| 000516 Stock | 5.38 0.18 3.46% |
| 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.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Xian International on February 28, 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 720 days. Xian International is related to or competes with Kingclean Electric, Beingmate Baby, Jiangxi JDL, Hangzhou Guotai, Huatian Hotel, Shenzhen Zqgame, and Science Environmental. 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 | 2.68 | |||
| Information Ratio | 0.0013 | |||
| Maximum Drawdown | 15.97 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 6.53 |
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 | 0.0112 | |||
| Jensen Alpha | 0.0048 | |||
| Total Risk Alpha | 3.0E-4 | |||
| Sortino Ratio | 0.0014 | |||
| Treynor Ratio | 0.0665 |
Xian International Backtested Returns
Xian International shows Sharpe Ratio of -0.0256, which attests that the company had a -0.0256 % return per unit of risk over the last 3 months. Xian International exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xian International's Downside Deviation of 2.68, mean deviation of 2.13, and Market Risk Adjusted Performance of 0.0765 to validate the risk estimate we provide. The firm maintains a market beta of 0.0736, 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. At this point, Xian International has a negative expected return of -0.0619%. Please make sure to check out Xian International's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Xian International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Xian International Medical has good predictability. Overlapping area represents the amount of predictability between Xian International time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. 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 0.64 indicates that roughly 64.0% of current Xian International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
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 |
Also Currently Popular
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.