Xinke Material (China) Market Value
| 600255 Stock | 2.35 0.06 2.62% |
| Symbol | Xinke |
Xinke Material '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 Xinke Material'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 Xinke Material.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Xinke Material on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Xinke Material or generate 0.0% return on investment in Xinke Material over 720 days. Xinke Material is related to or competes with Wanhua Chemical, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, Hoshine Silicon, and Zhejiang Juhua. Xinke Material is entity of China. It is traded as Stock on SHG exchange. More
Xinke Material 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 Xinke Material'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 Xinke Material upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.75 | |||
| Information Ratio | 0.1087 | |||
| Maximum Drawdown | 17.74 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 4.58 |
Xinke Material Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinke Material's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinke Material's standard deviation. In reality, there are many statistical measures that can use Xinke Material historical prices to predict the future Xinke Material's volatility.| Risk Adjusted Performance | 0.1259 | |||
| Jensen Alpha | 0.389 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1089 | |||
| Treynor Ratio | 1.67 |
Xinke Material Backtested Returns
Xinke Material appears to be risky, given 3 months investment horizon. Xinke Material shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of risk over the last 3 months. By examining Xinke Material's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize Xinke Material's Downside Deviation of 2.75, mean deviation of 2.1, and Market Risk Adjusted Performance of 1.68 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinke Material holds a performance score of 15. The firm maintains a market beta of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xinke Material's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xinke Material is expected to be smaller as well. Please check Xinke Material's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Xinke Material's historical returns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Xinke Material has virtually no predictability. Overlapping area represents the amount of predictability between Xinke Material time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Xinke Material price movement. The serial correlation of 0.03 indicates that only 3.0% of current Xinke Material price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Xinke Material lagged returns against current returns
Autocorrelation, which is Xinke Material 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 Xinke Material's stock expected returns. We can calculate the autocorrelation of Xinke Material returns to help us make a trade decision. For example, suppose you find that Xinke Material 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 |
Xinke Material 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 Xinke Material stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinke Material stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinke Material stock over time.
Current vs Lagged Prices |
| Timeline |
Xinke Material Lagged Returns
When evaluating Xinke Material's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinke Material stock have on its future price. Xinke Material 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, Xinke Material autocorrelation shows the relationship between Xinke Material stock current value and its past values and can show if there is a momentum factor associated with investing in Xinke Material.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xinke Stock
Xinke Material financial ratios help investors to determine whether Xinke 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 Xinke with respect to the benefits of owning Xinke Material security.