Xiandai Investment (China) Market Value
| 000900 Stock | 4.57 0.05 1.08% |
| Symbol | Xiandai |
Xiandai Investment '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 Xiandai Investment'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 Xiandai Investment.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Xiandai Investment on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Xiandai Investment Co or generate 0.0% return on investment in Xiandai Investment over 30 days. Xiandai Investment is related to or competes with Tieling Newcity, Cangzhou Mingzhu, Fuda Alloy, Shaanxi Energy, Renxin New, Beijing Mainstreets, and Hangzhou Gaoxin. Xiandai Investment is entity of China. It is traded as Stock on SHE exchange. More
Xiandai Investment 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 Xiandai Investment'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 Xiandai Investment Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.074 | |||
| Maximum Drawdown | 13.93 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 4.02 |
Xiandai Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiandai Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiandai Investment's standard deviation. In reality, there are many statistical measures that can use Xiandai Investment historical prices to predict the future Xiandai Investment's volatility.| Risk Adjusted Performance | 0.0989 | |||
| Jensen Alpha | 0.3034 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0966 | |||
| Treynor Ratio | (0.88) |
Xiandai Investment Backtested Returns
Xiandai Investment appears to be moderately volatile, given 3 months investment horizon. Xiandai Investment shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xiandai Investment, which you can use to evaluate the volatility of the company. Please utilize Xiandai Investment's Market Risk Adjusted Performance of (0.87), mean deviation of 1.51, and Downside Deviation of 1.79 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiandai Investment holds a performance score of 11. The firm maintains a market beta of -0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xiandai Investment are expected to decrease at a much lower rate. During the bear market, Xiandai Investment is likely to outperform the market. Please check Xiandai Investment's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Xiandai Investment's historical returns will revert.
Auto-correlation | 0.64 |
Good predictability
Xiandai Investment Co has good predictability. Overlapping area represents the amount of predictability between Xiandai Investment time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Xiandai Investment price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Xiandai Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Xiandai Investment lagged returns against current returns
Autocorrelation, which is Xiandai Investment 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 Xiandai Investment's stock expected returns. We can calculate the autocorrelation of Xiandai Investment returns to help us make a trade decision. For example, suppose you find that Xiandai Investment 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 |
Xiandai Investment 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 Xiandai Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiandai Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiandai Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Xiandai Investment Lagged Returns
When evaluating Xiandai Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiandai Investment stock have on its future price. Xiandai Investment 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, Xiandai Investment autocorrelation shows the relationship between Xiandai Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Xiandai Investment Co.
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 Xiandai Stock
Xiandai Investment financial ratios help investors to determine whether Xiandai 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 Xiandai with respect to the benefits of owning Xiandai Investment security.