Xinhu Zhongbao (China) Market Value
| 600208 Stock | 2.97 0.03 1.02% |
| 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.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Xinhu Zhongbao on June 5, 2024 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 180 days. Xinhu Zhongbao is related to or competes with Industrial, China Construction, Bank of China, Agricultural Bank, PetroChina, China Mobile, and Ping An. 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 | 2.72 | |||
| Information Ratio | 0.2202 | |||
| Maximum Drawdown | 15.32 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 10.05 |
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 | 0.2044 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | 0.3267 | |||
| Sortino Ratio | 0.3027 | |||
| Treynor Ratio | (1.33) |
Xinhu Zhongbao Backtested Returns
Xinhu Zhongbao appears to be very risky, given 3 months investment horizon. Xinhu Zhongbao shows Sharpe Ratio of 0.24, which attests that the company had a 0.24% return per unit of risk over the last 3 months. By examining Xinhu Zhongbao's technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please utilize Xinhu Zhongbao's Mean Deviation of 2.68, downside deviation of 2.72, and Market Risk Adjusted Performance of (1.32) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinhu Zhongbao holds a performance score of 19. 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 Xinhu Zhongbao are expected to decrease at a much lower rate. During the bear market, Xinhu Zhongbao is likely to outperform the market. Please check Xinhu Zhongbao's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Xinhu Zhongbao's historical returns will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Xinhu Zhongbao Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Xinhu Zhongbao time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Xinhu Zhongbao price movement. The serial correlation of -0.81 indicates that around 81.0% of current Xinhu Zhongbao price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
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.