Xiamen Hexing (China) Market Value
| 002228 Stock | 3.22 0.05 1.53% |
| Symbol | Xiamen |
Xiamen Hexing '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 Xiamen Hexing'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 Xiamen Hexing.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Xiamen Hexing on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Xiamen Hexing Packaging or generate 0.0% return on investment in Xiamen Hexing over 30 days. Xiamen Hexing is related to or competes with Linewell Software, Iat Automobile, Northking Information, Jiujiang Shanshui, Nanjing Putian, Dongguan Aohai, and Uxi Unicomp. Xiamen Hexing is entity of China. It is traded as Stock on SHE exchange. More
Xiamen Hexing 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 Xiamen Hexing'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 Xiamen Hexing Packaging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.1594 | |||
| Maximum Drawdown | 17.45 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 3.67 |
Xiamen Hexing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiamen Hexing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen Hexing's standard deviation. In reality, there are many statistical measures that can use Xiamen Hexing historical prices to predict the future Xiamen Hexing's volatility.| Risk Adjusted Performance | 0.161 | |||
| Jensen Alpha | 0.4982 | |||
| Total Risk Alpha | 0.1166 | |||
| Sortino Ratio | 0.1215 | |||
| Treynor Ratio | (3.39) |
Xiamen Hexing Packaging Backtested Returns
Xiamen Hexing appears to be relatively risky, given 3 months investment horizon. Xiamen Hexing Packaging 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 Xiamen Hexing's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize Xiamen Hexing's Market Risk Adjusted Performance of (3.38), mean deviation of 1.54, and Downside Deviation of 3.02 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiamen Hexing holds a performance score of 16. The firm maintains a market beta of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xiamen Hexing are expected to decrease at a much lower rate. During the bear market, Xiamen Hexing is likely to outperform the market. Please check Xiamen Hexing's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Xiamen Hexing's historical returns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Xiamen Hexing Packaging has modest reverse predictability. Overlapping area represents the amount of predictability between Xiamen Hexing time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Xiamen Hexing Packaging price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Xiamen Hexing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Xiamen Hexing Packaging lagged returns against current returns
Autocorrelation, which is Xiamen Hexing 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 Xiamen Hexing's stock expected returns. We can calculate the autocorrelation of Xiamen Hexing returns to help us make a trade decision. For example, suppose you find that Xiamen Hexing 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 |
Xiamen Hexing 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 Xiamen Hexing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen Hexing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen Hexing stock over time.
Current vs Lagged Prices |
| Timeline |
Xiamen Hexing Lagged Returns
When evaluating Xiamen Hexing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen Hexing stock have on its future price. Xiamen Hexing 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, Xiamen Hexing autocorrelation shows the relationship between Xiamen Hexing stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen Hexing Packaging.
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 Xiamen Stock
Xiamen Hexing financial ratios help investors to determine whether Xiamen 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 Xiamen with respect to the benefits of owning Xiamen Hexing security.