Xinxiang Chemical (China) Market Value
| 000949 Stock | 4.69 0.09 1.88% |
| Symbol | Xinxiang |
Xinxiang 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 Xinxiang 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 Xinxiang Chemical.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Xinxiang Chemical on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Xinxiang Chemical Fiber or generate 0.0% return on investment in Xinxiang Chemical over 720 days. Xinxiang Chemical is related to or competes with Luyin Investment, Anji Foodstuff, Beijing Sanyuan, Tieling Newcity, Youyou Foods, Xinjiang Tianrun, and Sichuan Teway. Xinxiang Chemical is entity of China. It is traded as Stock on SHE exchange. More
Xinxiang 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 Xinxiang 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 Xinxiang Chemical Fiber upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.72 | |||
| Information Ratio | 0.0658 | |||
| Maximum Drawdown | 18.75 | |||
| Value At Risk | (5.59) | |||
| Potential Upside | 9.89 |
Xinxiang Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinxiang Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinxiang Chemical's standard deviation. In reality, there are many statistical measures that can use Xinxiang Chemical historical prices to predict the future Xinxiang Chemical's volatility.| Risk Adjusted Performance | 0.0759 | |||
| Jensen Alpha | 0.4955 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0723 | |||
| Treynor Ratio | (0.30) |
Xinxiang Chemical Fiber Backtested Returns
Xinxiang Chemical appears to be unstable, given 3 months investment horizon. Xinxiang Chemical Fiber shows Sharpe Ratio of 0.21, which attests that the company had a 0.21% return per unit of risk over the last 3 months. By examining Xinxiang Chemical's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please utilize Xinxiang Chemical's Mean Deviation of 3.04, downside deviation of 3.72, and Market Risk Adjusted Performance of (0.29) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinxiang Chemical holds a performance score of 16. The firm maintains a market beta of -1.23, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Xinxiang Chemical are expected to decrease by larger amounts. On the other hand, during market turmoil, Xinxiang Chemical is expected to outperform it. Please check Xinxiang Chemical's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Xinxiang Chemical's historical returns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Xinxiang Chemical Fiber has good reverse predictability. Overlapping area represents the amount of predictability between Xinxiang Chemical time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th of December 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 Xinxiang Chemical Fiber price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Xinxiang Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Xinxiang Chemical Fiber lagged returns against current returns
Autocorrelation, which is Xinxiang 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 Xinxiang Chemical's stock expected returns. We can calculate the autocorrelation of Xinxiang Chemical returns to help us make a trade decision. For example, suppose you find that Xinxiang 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 |
Xinxiang 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 Xinxiang Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinxiang Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinxiang Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Xinxiang Chemical Lagged Returns
When evaluating Xinxiang Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinxiang Chemical stock have on its future price. Xinxiang 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, Xinxiang Chemical autocorrelation shows the relationship between Xinxiang Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Xinxiang Chemical Fiber.
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 Xinxiang Stock
Xinxiang Chemical financial ratios help investors to determine whether Xinxiang 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 Xinxiang with respect to the benefits of owning Xinxiang Chemical security.