XinJiang GuoTong (China) Market Value
| 002205 Stock | 8.75 0.07 0.81% |
| Symbol | XinJiang |
XinJiang GuoTong '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 XinJiang GuoTong'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 XinJiang GuoTong.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in XinJiang GuoTong on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding XinJiang GuoTong Pipeline or generate 0.0% return on investment in XinJiang GuoTong over 30 days. XinJiang GuoTong is related to or competes with PetroChina, China State, China Mobile, Industrial, China Life, Ping An, and China Construction. XinJiang GuoTong is entity of China. It is traded as Stock on SHE exchange. More
XinJiang GuoTong 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 XinJiang GuoTong'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 XinJiang GuoTong Pipeline upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.3 | |||
| Information Ratio | 0.1188 | |||
| Maximum Drawdown | 18.75 | |||
| Value At Risk | (5.02) | |||
| Potential Upside | 7.79 |
XinJiang GuoTong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XinJiang GuoTong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XinJiang GuoTong's standard deviation. In reality, there are many statistical measures that can use XinJiang GuoTong historical prices to predict the future XinJiang GuoTong's volatility.| Risk Adjusted Performance | 0.1263 | |||
| Jensen Alpha | 0.6564 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1304 | |||
| Treynor Ratio | (0.62) |
XinJiang GuoTong Pipeline Backtested Returns
XinJiang GuoTong appears to be slightly risky, given 3 months investment horizon. XinJiang GuoTong Pipeline shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. By examining XinJiang GuoTong's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize XinJiang GuoTong's Downside Deviation of 3.3, market risk adjusted performance of (0.61), and Mean Deviation of 2.62 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, XinJiang GuoTong holds a performance score of 12. The firm maintains a market beta of -0.88, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning XinJiang GuoTong are expected to decrease slowly. On the other hand, during market turmoil, XinJiang GuoTong is expected to outperform it slightly. Please check XinJiang GuoTong's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether XinJiang GuoTong's historical returns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
XinJiang GuoTong Pipeline has weak reverse predictability. Overlapping area represents the amount of predictability between XinJiang GuoTong time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 XinJiang GuoTong Pipeline price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current XinJiang GuoTong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
XinJiang GuoTong Pipeline lagged returns against current returns
Autocorrelation, which is XinJiang GuoTong 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 XinJiang GuoTong's stock expected returns. We can calculate the autocorrelation of XinJiang GuoTong returns to help us make a trade decision. For example, suppose you find that XinJiang GuoTong 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 |
XinJiang GuoTong 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 XinJiang GuoTong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XinJiang GuoTong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XinJiang GuoTong stock over time.
Current vs Lagged Prices |
| Timeline |
XinJiang GuoTong Lagged Returns
When evaluating XinJiang GuoTong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XinJiang GuoTong stock have on its future price. XinJiang GuoTong 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, XinJiang GuoTong autocorrelation shows the relationship between XinJiang GuoTong stock current value and its past values and can show if there is a momentum factor associated with investing in XinJiang GuoTong Pipeline.
Regressed Prices |
| Timeline |
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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 XinJiang Stock
XinJiang GuoTong financial ratios help investors to determine whether XinJiang 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 XinJiang with respect to the benefits of owning XinJiang GuoTong security.