Wuxi Xuelang (China) Market Value
| 300385 Stock | 4.67 0.18 3.71% |
| Symbol | Wuxi |
Wuxi Xuelang '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 Wuxi Xuelang'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 Wuxi Xuelang.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Wuxi Xuelang on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Wuxi Xuelang Environmental or generate 0.0% return on investment in Wuxi Xuelang over 30 days. Wuxi Xuelang is related to or competes with Quectel Wireless, Zotye Automobile, Youyou Foods, Bomesc Offshore, Muyuan Foodstuff, Guangxi Wuzhou, and Haima Automobile. Wuxi Xuelang is entity of China. It is traded as Stock on SHE exchange. More
Wuxi Xuelang 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 Wuxi Xuelang'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 Wuxi Xuelang Environmental upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.05 | |||
| Information Ratio | 0.0093 | |||
| Maximum Drawdown | 33.33 | |||
| Value At Risk | (7.78) | |||
| Potential Upside | 5.46 |
Wuxi Xuelang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wuxi Xuelang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wuxi Xuelang's standard deviation. In reality, there are many statistical measures that can use Wuxi Xuelang historical prices to predict the future Wuxi Xuelang's volatility.| Risk Adjusted Performance | 0.0227 | |||
| Jensen Alpha | 0.0601 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0105 | |||
| Treynor Ratio | 0.2059 |
Wuxi Xuelang Environ Backtested Returns
At this point, Wuxi Xuelang is unstable. Wuxi Xuelang Environ shows Sharpe Ratio of 0.0169, which attests that the company had a 0.0169 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wuxi Xuelang Environ, which you can use to evaluate the volatility of the company. Please check out Wuxi Xuelang's Downside Deviation of 4.05, mean deviation of 2.94, and Market Risk Adjusted Performance of 0.2159 to validate if the risk estimate we provide is consistent with the expected return of 0.0791%. Wuxi Xuelang has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wuxi Xuelang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wuxi Xuelang is expected to be smaller as well. Wuxi Xuelang Environ right now maintains a risk of 4.69%. Please check out Wuxi Xuelang Environ jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Wuxi Xuelang Environ will be following its historical returns.
Auto-correlation | -0.64 |
Very good reverse predictability
Wuxi Xuelang Environmental has very good reverse predictability. Overlapping area represents the amount of predictability between Wuxi Xuelang time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd 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 Wuxi Xuelang Environ price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Wuxi Xuelang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Wuxi Xuelang Environ lagged returns against current returns
Autocorrelation, which is Wuxi Xuelang 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 Wuxi Xuelang's stock expected returns. We can calculate the autocorrelation of Wuxi Xuelang returns to help us make a trade decision. For example, suppose you find that Wuxi Xuelang 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 |
Wuxi Xuelang 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 Wuxi Xuelang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wuxi Xuelang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wuxi Xuelang stock over time.
Current vs Lagged Prices |
| Timeline |
Wuxi Xuelang Lagged Returns
When evaluating Wuxi Xuelang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wuxi Xuelang stock have on its future price. Wuxi Xuelang 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, Wuxi Xuelang autocorrelation shows the relationship between Wuxi Xuelang stock current value and its past values and can show if there is a momentum factor associated with investing in Wuxi Xuelang Environmental.
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 Wuxi Stock
Wuxi Xuelang financial ratios help investors to determine whether Wuxi 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 Wuxi with respect to the benefits of owning Wuxi Xuelang security.