Xinjiang Sailing (China) Market Value
| 300588 Stock | 12.38 0.76 5.78% |
| Symbol | Xinjiang |
Xinjiang Sailing '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 Sailing'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 Sailing.
| 12/03/2024 |
| 02/01/2025 |
If you would invest 0.00 in Xinjiang Sailing on December 3, 2024 and sell it all today you would earn a total of 0.00 from holding Xinjiang Sailing Information or generate 0.0% return on investment in Xinjiang Sailing over 60 days. Xinjiang Sailing is related to or competes with Cansino Biologics, China World, Fiberhome Telecommunicatio, Tonghua Grape, China Mobile, and Gansu Huangtai. Xinjiang Sailing is entity of China. It is traded as Stock on SHE exchange. More
Xinjiang Sailing 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 Sailing'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 Sailing Information upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 22.42 | |||
| Value At Risk | (9.12) | |||
| Potential Upside | 7.18 |
Xinjiang Sailing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinjiang Sailing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinjiang Sailing's standard deviation. In reality, there are many statistical measures that can use Xinjiang Sailing historical prices to predict the future Xinjiang Sailing's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.22) |
Xinjiang Sailing Inf Backtested Returns
Xinjiang Sailing Inf shows Sharpe Ratio of -0.0188, which attests that the company had a -0.0188 % return per unit of risk over the last 3 months. Xinjiang Sailing Inf exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xinjiang Sailing's Mean Deviation of 3.51, market risk adjusted performance of (0.21), and Standard Deviation of 4.47 to validate the risk estimate we provide. 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, Xinjiang Sailing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xinjiang Sailing is expected to be smaller as well. At this point, Xinjiang Sailing Inf has a negative expected return of -0.0812%. Please make sure to check out Xinjiang Sailing's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Xinjiang Sailing Inf performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Xinjiang Sailing Information has very weak reverse predictability. Overlapping area represents the amount of predictability between Xinjiang Sailing time series from 3rd of December 2024 to 2nd of January 2025 and 2nd of January 2025 to 1st of February 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 Xinjiang Sailing Inf price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Xinjiang Sailing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Xinjiang Sailing Inf lagged returns against current returns
Autocorrelation, which is Xinjiang Sailing 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 Sailing's stock expected returns. We can calculate the autocorrelation of Xinjiang Sailing returns to help us make a trade decision. For example, suppose you find that Xinjiang Sailing 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 Sailing 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 Sailing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinjiang Sailing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinjiang Sailing stock over time.
Current vs Lagged Prices |
| Timeline |
Xinjiang Sailing Lagged Returns
When evaluating Xinjiang Sailing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinjiang Sailing stock have on its future price. Xinjiang Sailing 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 Sailing autocorrelation shows the relationship between Xinjiang Sailing stock current value and its past values and can show if there is a momentum factor associated with investing in Xinjiang Sailing Information.
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 Sailing 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 Sailing security.