Xiamen Kehua (China) Market Value
| 002335 Stock | 28.65 1.96 6.40% |
| Symbol | Xiamen |
Xiamen Kehua '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 Kehua'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 Kehua.
| 12/01/2024 |
| 01/30/2025 |
If you would invest 0.00 in Xiamen Kehua on December 1, 2024 and sell it all today you would earn a total of 0.00 from holding Xiamen Kehua Hengsheng or generate 0.0% return on investment in Xiamen Kehua over 60 days. Xiamen Kehua is related to or competes with Tibet Huayu, Easyhome New, Offshore Oil, Fujian Oriental, Zoy Home, Oppein Home, and Shenyang Blue. More
Xiamen Kehua 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 Kehua'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 Kehua Hengsheng upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.45 | |||
| Information Ratio | 0.0569 | |||
| Maximum Drawdown | 17.29 | |||
| Value At Risk | (6.19) | |||
| Potential Upside | 8.07 |
Xiamen Kehua Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiamen Kehua's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen Kehua's standard deviation. In reality, there are many statistical measures that can use Xiamen Kehua historical prices to predict the future Xiamen Kehua's volatility.| Risk Adjusted Performance | 0.0738 | |||
| Jensen Alpha | 0.2706 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0645 | |||
| Treynor Ratio | 0.8322 |
Xiamen Kehua Hengsheng Backtested Returns
Xiamen Kehua appears to be not too volatile, given 3 months investment horizon. Xiamen Kehua Hengsheng shows Sharpe Ratio of 0.0786, which attests that the company had a 0.0786 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xiamen Kehua Hengsheng, which you can use to evaluate the volatility of the company. Please utilize Xiamen Kehua's Mean Deviation of 3.0, downside deviation of 3.45, and Market Risk Adjusted Performance of 0.8422 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiamen Kehua holds a performance score of 6. The firm maintains a market beta of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xiamen Kehua's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xiamen Kehua is expected to be smaller as well. Please check Xiamen Kehua's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Xiamen Kehua's historical returns will revert.
Auto-correlation | 0.19 |
Very weak predictability
Xiamen Kehua Hengsheng has very weak predictability. Overlapping area represents the amount of predictability between Xiamen Kehua time series from 1st of December 2024 to 31st of December 2024 and 31st of December 2024 to 30th of January 2025. 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 Kehua Hengsheng price movement. The serial correlation of 0.19 indicates that over 19.0% of current Xiamen Kehua price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 2.51 |
Xiamen Kehua Hengsheng lagged returns against current returns
Autocorrelation, which is Xiamen Kehua 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 Kehua's stock expected returns. We can calculate the autocorrelation of Xiamen Kehua returns to help us make a trade decision. For example, suppose you find that Xiamen Kehua 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 Kehua 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 Kehua stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen Kehua stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen Kehua stock over time.
Current vs Lagged Prices |
| Timeline |
Xiamen Kehua Lagged Returns
When evaluating Xiamen Kehua's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen Kehua stock have on its future price. Xiamen Kehua 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 Kehua autocorrelation shows the relationship between Xiamen Kehua stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen Kehua Hengsheng.
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 Kehua 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 Kehua security.