Xiamen Wanli (China) Market Value
| 002785 Stock | 35.57 0.60 1.66% |
| Symbol | Xiamen |
Xiamen Wanli '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 Wanli'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 Wanli.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Xiamen Wanli on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Xiamen Wanli Stone or generate 0.0% return on investment in Xiamen Wanli over 720 days. Xiamen Wanli is related to or competes with Western Superconducting, Dareway Software, Hubeiyichang Transportation, Linewell Software, Guangzhou KingTeller, Servyou Software, and CGN Nuclear. Xiamen Wanli is entity of China. It is traded as Stock on SHE exchange. More
Xiamen Wanli 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 Wanli'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 Wanli Stone upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.1094 | |||
| Maximum Drawdown | 17.66 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 5.63 |
Xiamen Wanli Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiamen Wanli's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen Wanli's standard deviation. In reality, there are many statistical measures that can use Xiamen Wanli historical prices to predict the future Xiamen Wanli's volatility.| Risk Adjusted Performance | 0.1234 | |||
| Jensen Alpha | 0.4954 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.128 | |||
| Treynor Ratio | (1.77) |
Xiamen Wanli Stone Backtested Returns
Xiamen Wanli appears to be not too volatile, given 3 months investment horizon. Xiamen Wanli Stone shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of risk over the last 3 months. By examining Xiamen Wanli's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please utilize Xiamen Wanli's Mean Deviation of 2.39, market risk adjusted performance of (1.76), and Downside Deviation of 2.68 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiamen Wanli holds a performance score of 15. The firm maintains a market beta of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xiamen Wanli are expected to decrease at a much lower rate. During the bear market, Xiamen Wanli is likely to outperform the market. Please check Xiamen Wanli's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Xiamen Wanli's historical returns will revert.
Auto-correlation | 0.41 |
Average predictability
Xiamen Wanli Stone has average predictability. Overlapping area represents the amount of predictability between Xiamen Wanli time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Xiamen Wanli Stone price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Xiamen Wanli price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 12.05 |
Xiamen Wanli Stone lagged returns against current returns
Autocorrelation, which is Xiamen Wanli 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 Wanli's stock expected returns. We can calculate the autocorrelation of Xiamen Wanli returns to help us make a trade decision. For example, suppose you find that Xiamen Wanli 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 Wanli 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 Wanli stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen Wanli stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen Wanli stock over time.
Current vs Lagged Prices |
| Timeline |
Xiamen Wanli Lagged Returns
When evaluating Xiamen Wanli's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen Wanli stock have on its future price. Xiamen Wanli 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 Wanli autocorrelation shows the relationship between Xiamen Wanli stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen Wanli Stone.
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 Wanli 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 Wanli security.