Shanxi Xishan (China) Market Value
| 000983 Stock | 8.27 0.27 3.16% |
| Symbol | Shanxi |
Shanxi Xishan '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 Shanxi Xishan'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 Shanxi Xishan.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Shanxi Xishan on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Shanxi Xishan Coal or generate 0.0% return on investment in Shanxi Xishan over 330 days. Shanxi Xishan is related to or competes with Zhejiang Kingland, Xiangyang Automobile, Suzhou Novoprotein, and COL Digital. Shanxi Xishan is entity of China. It is traded as Stock on SHE exchange. More
Shanxi Xishan 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 Shanxi Xishan'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 Shanxi Xishan Coal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.25 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 5.0 |
Shanxi Xishan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanxi Xishan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanxi Xishan's standard deviation. In reality, there are many statistical measures that can use Shanxi Xishan historical prices to predict the future Shanxi Xishan's volatility.| Risk Adjusted Performance | 0.0382 | |||
| Jensen Alpha | 0.1513 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.19) |
Shanxi Xishan Coal Backtested Returns
At this point, Shanxi Xishan is somewhat reliable. Shanxi Xishan Coal owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0568, which indicates the firm had a 0.0568% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shanxi Xishan Coal, which you can use to evaluate the volatility of the company. Please validate Shanxi Xishan's Risk Adjusted Performance of 0.0382, coefficient of variation of 2458.71, and Semi Deviation of 2.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Shanxi Xishan has a performance score of 4 on a scale of 0 to 100. The entity has a beta of -0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shanxi Xishan are expected to decrease at a much lower rate. During the bear market, Shanxi Xishan is likely to outperform the market. Shanxi Xishan Coal right now has a risk of 2.6%. Please validate Shanxi Xishan market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Shanxi Xishan will be following its existing price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
Shanxi Xishan Coal has poor reverse predictability. Overlapping area represents the amount of predictability between Shanxi Xishan time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Shanxi Xishan Coal price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Shanxi Xishan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Shanxi Xishan Coal lagged returns against current returns
Autocorrelation, which is Shanxi Xishan 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 Shanxi Xishan's stock expected returns. We can calculate the autocorrelation of Shanxi Xishan returns to help us make a trade decision. For example, suppose you find that Shanxi Xishan 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 |
Shanxi Xishan 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 Shanxi Xishan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanxi Xishan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanxi Xishan stock over time.
Current vs Lagged Prices |
| Timeline |
Shanxi Xishan Lagged Returns
When evaluating Shanxi Xishan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanxi Xishan stock have on its future price. Shanxi Xishan 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, Shanxi Xishan autocorrelation shows the relationship between Shanxi Xishan stock current value and its past values and can show if there is a momentum factor associated with investing in Shanxi Xishan Coal.
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 Shanxi Stock
Shanxi Xishan financial ratios help investors to determine whether Shanxi 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 Shanxi with respect to the benefits of owning Shanxi Xishan security.