Xiamen Jihong (China) Market Value
| 002803 Stock | 14.81 0.62 4.02% |
| Symbol | Xiamen |
Xiamen Jihong '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 Jihong'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 Jihong.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Xiamen Jihong on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Xiamen Jihong Package or generate 0.0% return on investment in Xiamen Jihong over 90 days. Xiamen Jihong is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Xiamen Jihong is entity of China. It is traded as Stock on SHE exchange. More
Xiamen Jihong 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 Jihong'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 Jihong Package upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.82 | |||
| Information Ratio | 0.1472 | |||
| Maximum Drawdown | 20.03 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 8.65 |
Xiamen Jihong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiamen Jihong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen Jihong's standard deviation. In reality, there are many statistical measures that can use Xiamen Jihong historical prices to predict the future Xiamen Jihong's volatility.| Risk Adjusted Performance | 0.1491 | |||
| Jensen Alpha | 0.646 | |||
| Total Risk Alpha | 0.0913 | |||
| Sortino Ratio | 0.1783 | |||
| Treynor Ratio | (2.99) |
Xiamen Jihong Package Backtested Returns
Xiamen Jihong appears to be somewhat reliable, given 3 months investment horizon. Xiamen Jihong Package 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 Jihong's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please utilize Xiamen Jihong's Mean Deviation of 2.55, market risk adjusted performance of (2.98), and Downside Deviation of 2.82 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiamen Jihong holds a performance score of 16. The firm maintains a market beta of -0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xiamen Jihong are expected to decrease at a much lower rate. During the bear market, Xiamen Jihong is likely to outperform the market. Please check Xiamen Jihong'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 Jihong's historical returns will revert.
Auto-correlation | 0.89 |
Very good predictability
Xiamen Jihong Package has very good predictability. Overlapping area represents the amount of predictability between Xiamen Jihong time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Jihong Package price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Xiamen Jihong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 1.35 |
Xiamen Jihong Package lagged returns against current returns
Autocorrelation, which is Xiamen Jihong 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 Jihong's stock expected returns. We can calculate the autocorrelation of Xiamen Jihong returns to help us make a trade decision. For example, suppose you find that Xiamen Jihong 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 Jihong 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 Jihong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen Jihong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen Jihong stock over time.
Current vs Lagged Prices |
| Timeline |
Xiamen Jihong Lagged Returns
When evaluating Xiamen Jihong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen Jihong stock have on its future price. Xiamen Jihong 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 Jihong autocorrelation shows the relationship between Xiamen Jihong stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen Jihong Package.
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 Jihong 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 Jihong security.