Xinhu Zhongbao (China) Market Value
| 600208 Stock | 3.03 0.05 1.62% |
| Symbol | Xinhu |
Xinhu Zhongbao '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 Xinhu Zhongbao'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 Xinhu Zhongbao.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Xinhu Zhongbao on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Xinhu Zhongbao Co or generate 0.0% return on investment in Xinhu Zhongbao over 30 days. Xinhu Zhongbao is related to or competes with Wuxi Dk, HeNan Splendor, Sunwoda Electronic, Hua Xia, Industrial Bank, Bank of Suzhou, and Kunshan Guoli. Xinhu Zhongbao is entity of China. It is traded as Stock on SHG exchange. More
Xinhu Zhongbao 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 Xinhu Zhongbao'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 Xinhu Zhongbao Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.0307 | |||
| Maximum Drawdown | 17.1 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 3.33 |
Xinhu Zhongbao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinhu Zhongbao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinhu Zhongbao's standard deviation. In reality, there are many statistical measures that can use Xinhu Zhongbao historical prices to predict the future Xinhu Zhongbao's volatility.| Risk Adjusted Performance | 0.034 | |||
| Jensen Alpha | 0.081 | |||
| Total Risk Alpha | 0.065 | |||
| Sortino Ratio | 0.0317 | |||
| Treynor Ratio | 0.4495 |
Xinhu Zhongbao Backtested Returns
At this point, Xinhu Zhongbao is relatively risky. Xinhu Zhongbao shows Sharpe Ratio of 0.033, which attests that the company had a 0.033 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xinhu Zhongbao, which you can use to evaluate the volatility of the company. Please check out Xinhu Zhongbao's Market Risk Adjusted Performance of 0.4595, downside deviation of 2.42, and Mean Deviation of 1.73 to validate if the risk estimate we provide is consistent with the expected return of 0.0855%. Xinhu Zhongbao has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xinhu Zhongbao's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xinhu Zhongbao is expected to be smaller as well. Xinhu Zhongbao right now maintains a risk of 2.59%. Please check out Xinhu Zhongbao downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Xinhu Zhongbao will be following its historical returns.
Auto-correlation | 0.11 |
Insignificant predictability
Xinhu Zhongbao Co has insignificant predictability. Overlapping area represents the amount of predictability between Xinhu Zhongbao time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th 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 Xinhu Zhongbao price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Xinhu Zhongbao price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Xinhu Zhongbao lagged returns against current returns
Autocorrelation, which is Xinhu Zhongbao 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 Xinhu Zhongbao's stock expected returns. We can calculate the autocorrelation of Xinhu Zhongbao returns to help us make a trade decision. For example, suppose you find that Xinhu Zhongbao 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 |
Xinhu Zhongbao 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 Xinhu Zhongbao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinhu Zhongbao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinhu Zhongbao stock over time.
Current vs Lagged Prices |
| Timeline |
Xinhu Zhongbao Lagged Returns
When evaluating Xinhu Zhongbao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinhu Zhongbao stock have on its future price. Xinhu Zhongbao 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, Xinhu Zhongbao autocorrelation shows the relationship between Xinhu Zhongbao stock current value and its past values and can show if there is a momentum factor associated with investing in Xinhu Zhongbao Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xinhu Stock
Xinhu Zhongbao financial ratios help investors to determine whether Xinhu 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 Xinhu with respect to the benefits of owning Xinhu Zhongbao security.