Xinjiang Tianshun (China) Market Value
| 002800 Stock | 12.92 0.03 0.23% |
| Symbol | Xinjiang |
Xinjiang Tianshun '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 Tianshun'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 Tianshun.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Xinjiang Tianshun on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Xinjiang Tianshun Supply or generate 0.0% return on investment in Xinjiang Tianshun over 90 days. Xinjiang Tianshun is related to or competes with Beijing SPC, Hang Xiao, King Strong, Tianjin Capital, Sinosteel Engineering, Shandong Iron, and Elite Color. Xinjiang Tianshun is entity of China. It is traded as Stock on SHE exchange. More
Xinjiang Tianshun 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 Tianshun'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 Tianshun Supply upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.56 | |||
| Information Ratio | 0.1569 | |||
| Maximum Drawdown | 18.83 | |||
| Value At Risk | (4.64) | |||
| Potential Upside | 6.1 |
Xinjiang Tianshun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinjiang Tianshun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinjiang Tianshun's standard deviation. In reality, there are many statistical measures that can use Xinjiang Tianshun historical prices to predict the future Xinjiang Tianshun's volatility.| Risk Adjusted Performance | 0.1481 | |||
| Jensen Alpha | 0.5641 | |||
| Total Risk Alpha | 0.1092 | |||
| Sortino Ratio | 0.1471 | |||
| Treynor Ratio | 0.9788 |
Xinjiang Tianshun Supply Backtested Returns
Xinjiang Tianshun appears to be somewhat reliable, given 3 months investment horizon. Xinjiang Tianshun Supply 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 Xinjiang Tianshun's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize Xinjiang Tianshun's Mean Deviation of 2.46, downside deviation of 3.56, and Market Risk Adjusted Performance of 0.9888 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinjiang Tianshun holds a performance score of 15. The firm maintains a market beta of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xinjiang Tianshun's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xinjiang Tianshun is expected to be smaller as well. Please check Xinjiang Tianshun's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Xinjiang Tianshun's historical returns will revert.
Auto-correlation | 0.51 |
Modest predictability
Xinjiang Tianshun Supply has modest predictability. Overlapping area represents the amount of predictability between Xinjiang Tianshun time series from 12th of September 2024 to 27th of October 2024 and 27th of October 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 Xinjiang Tianshun Supply price movement. The serial correlation of 0.51 indicates that about 51.0% of current Xinjiang Tianshun price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Xinjiang Tianshun Supply lagged returns against current returns
Autocorrelation, which is Xinjiang Tianshun 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 Tianshun's stock expected returns. We can calculate the autocorrelation of Xinjiang Tianshun returns to help us make a trade decision. For example, suppose you find that Xinjiang Tianshun 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 Tianshun 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 Tianshun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinjiang Tianshun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinjiang Tianshun stock over time.
Current vs Lagged Prices |
| Timeline |
Xinjiang Tianshun Lagged Returns
When evaluating Xinjiang Tianshun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinjiang Tianshun stock have on its future price. Xinjiang Tianshun 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 Tianshun autocorrelation shows the relationship between Xinjiang Tianshun stock current value and its past values and can show if there is a momentum factor associated with investing in Xinjiang Tianshun Supply.
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 Xinjiang Stock
Xinjiang Tianshun 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 Tianshun security.