Xinjiang Beixin (China) Market Value
| 002307 Stock | 4.15 0.12 2.98% |
| Symbol | Xinjiang |
Xinjiang Beixin '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 Beixin'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 Beixin.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Xinjiang Beixin on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Xinjiang Beixin RoadBridge or generate 0.0% return on investment in Xinjiang Beixin over 30 days. Xinjiang Beixin is related to or competes with Humanwell Healthcare, De Rucci, Xinke Material, Kangxin New, Ningxia Building, Yunnan Jianzhijia, and Anhui Huaren. Xinjiang Beixin is entity of China. It is traded as Stock on SHE exchange. More
Xinjiang Beixin 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 Beixin'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 Beixin RoadBridge upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.0 | |||
| Information Ratio | 0.1445 | |||
| Maximum Drawdown | 18.55 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 8.44 |
Xinjiang Beixin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinjiang Beixin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinjiang Beixin's standard deviation. In reality, there are many statistical measures that can use Xinjiang Beixin historical prices to predict the future Xinjiang Beixin's volatility.| Risk Adjusted Performance | 0.1456 | |||
| Jensen Alpha | 0.6024 | |||
| Total Risk Alpha | 0.0404 | |||
| Sortino Ratio | 0.1868 | |||
| Treynor Ratio | 1.02 |
Xinjiang Beixin Road Backtested Returns
Xinjiang Beixin appears to be moderately volatile, given 3 months investment horizon. Xinjiang Beixin Road 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 Beixin's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Xinjiang Beixin's Market Risk Adjusted Performance of 1.03, mean deviation of 2.93, and Downside Deviation of 3.0 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinjiang Beixin holds a performance score of 12. The firm maintains a market beta of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xinjiang Beixin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xinjiang Beixin is expected to be smaller as well. Please check Xinjiang Beixin's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Xinjiang Beixin's historical returns will revert.
Auto-correlation | -0.5 |
Modest reverse predictability
Xinjiang Beixin RoadBridge has modest reverse predictability. Overlapping area represents the amount of predictability between Xinjiang Beixin time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Beixin Road price movement. The serial correlation of -0.5 indicates that about 50.0% of current Xinjiang Beixin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Xinjiang Beixin Road lagged returns against current returns
Autocorrelation, which is Xinjiang Beixin 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 Beixin's stock expected returns. We can calculate the autocorrelation of Xinjiang Beixin returns to help us make a trade decision. For example, suppose you find that Xinjiang Beixin 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 Beixin 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 Beixin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinjiang Beixin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinjiang Beixin stock over time.
Current vs Lagged Prices |
| Timeline |
Xinjiang Beixin Lagged Returns
When evaluating Xinjiang Beixin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinjiang Beixin stock have on its future price. Xinjiang Beixin 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 Beixin autocorrelation shows the relationship between Xinjiang Beixin stock current value and its past values and can show if there is a momentum factor associated with investing in Xinjiang Beixin RoadBridge.
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 Beixin 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 Beixin security.