Xiamen East (China) Market Value
| 301028 Stock | 10.73 0.18 1.71% |
| Symbol | Xiamen |
Xiamen East '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 East'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 East.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Xiamen East on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Xiamen East Asia or generate 0.0% return on investment in Xiamen East over 300 days. Xiamen East is related to or competes with Yili Chuanning, Shandong Polymer, Henan Shuanghui, Maccura Biotechnology, Hunan Investment, Hubei Geoway, and Metro Investment. More
Xiamen East 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 East'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 East Asia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | 0.0939 | |||
| Maximum Drawdown | 24.51 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 5.04 |
Xiamen East Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiamen East's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen East's standard deviation. In reality, there are many statistical measures that can use Xiamen East historical prices to predict the future Xiamen East's volatility.| Risk Adjusted Performance | 0.108 | |||
| Jensen Alpha | 0.5286 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1032 | |||
| Treynor Ratio | (0.61) |
Xiamen East Asia Backtested Returns
Xiamen East appears to be somewhat reliable, given 3 months investment horizon. Xiamen East Asia shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xiamen East Asia, which you can use to evaluate the volatility of the company. Please utilize Xiamen East's Market Risk Adjusted Performance of (0.60), downside deviation of 3.14, and Mean Deviation of 2.28 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiamen East holds a performance score of 10. The firm maintains a market beta of -0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xiamen East are expected to decrease at a much lower rate. During the bear market, Xiamen East is likely to outperform the market. Please check Xiamen East's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Xiamen East's historical returns will revert.
Auto-correlation | 0.45 |
Average predictability
Xiamen East Asia has average predictability. Overlapping area represents the amount of predictability between Xiamen East time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 East Asia price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Xiamen East price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.89 |
Xiamen East Asia lagged returns against current returns
Autocorrelation, which is Xiamen East 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 East's stock expected returns. We can calculate the autocorrelation of Xiamen East returns to help us make a trade decision. For example, suppose you find that Xiamen East 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 East 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 East stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen East stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen East stock over time.
Current vs Lagged Prices |
| Timeline |
Xiamen East Lagged Returns
When evaluating Xiamen East's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen East stock have on its future price. Xiamen East 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 East autocorrelation shows the relationship between Xiamen East stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen East Asia.
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 East 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 East security.