Luxi Chemical (China) Market Value
| 000830 Stock | 11.53 0.13 1.14% |
| Symbol | Luxi |
Luxi Chemical '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 Luxi Chemical'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 Luxi Chemical.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Luxi Chemical on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Luxi Chemical Group or generate 0.0% return on investment in Luxi Chemical over 180 days. Luxi Chemical is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Luxi Chemical is entity of China. It is traded as Stock on SHE exchange. More
Luxi Chemical 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 Luxi Chemical'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 Luxi Chemical Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.0044 | |||
| Maximum Drawdown | 15.63 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 4.54 |
Luxi Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Luxi Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Luxi Chemical's standard deviation. In reality, there are many statistical measures that can use Luxi Chemical historical prices to predict the future Luxi Chemical's volatility.| Risk Adjusted Performance | 0.0557 | |||
| Jensen Alpha | 0.166 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0047 | |||
| Treynor Ratio | (0.62) |
Luxi Chemical Group Backtested Returns
At this point, Luxi Chemical is somewhat reliable. Luxi Chemical Group has Sharpe Ratio of 0.0575, which conveys that the firm had a 0.0575% return per unit of risk over the last 3 months. We have found thirty technical indicators for Luxi Chemical, which you can use to evaluate the volatility of the firm. Please verify Luxi Chemical's Risk Adjusted Performance of 0.0557, downside deviation of 2.13, and Mean Deviation of 1.6 to check out if the risk estimate we provide is consistent with the expected return of 0.14%. Luxi Chemical has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.22, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Luxi Chemical are expected to decrease at a much lower rate. During the bear market, Luxi Chemical is likely to outperform the market. Luxi Chemical Group right now secures a risk of 2.43%. Please verify Luxi Chemical Group jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Luxi Chemical Group will be following its current price movements.
Auto-correlation | -0.47 |
Modest reverse predictability
Luxi Chemical Group has modest reverse predictability. Overlapping area represents the amount of predictability between Luxi Chemical time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Luxi Chemical Group price movement. The serial correlation of -0.47 indicates that about 47.0% of current Luxi Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
Luxi Chemical Group lagged returns against current returns
Autocorrelation, which is Luxi Chemical 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 Luxi Chemical's stock expected returns. We can calculate the autocorrelation of Luxi Chemical returns to help us make a trade decision. For example, suppose you find that Luxi Chemical 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 |
Luxi Chemical 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 Luxi Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Luxi Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Luxi Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Luxi Chemical Lagged Returns
When evaluating Luxi Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Luxi Chemical stock have on its future price. Luxi Chemical 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, Luxi Chemical autocorrelation shows the relationship between Luxi Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Luxi Chemical Group.
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 Luxi Stock
Luxi Chemical financial ratios help investors to determine whether Luxi 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 Luxi with respect to the benefits of owning Luxi Chemical security.