Xinjiang Tianrun (China) Market Value
| 600419 Stock | 9.39 0.37 4.10% |
| Symbol | Xinjiang |
Xinjiang Tianrun '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 Tianrun'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 Tianrun.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Xinjiang Tianrun on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Xinjiang Tianrun Dairy or generate 0.0% return on investment in Xinjiang Tianrun over 30 days. Xinjiang Tianrun is related to or competes with Kweichow Moutai, Shenzhen Mindray, Jiangsu Pacific, G Bits, Shenzhen Transsion, Beijing Roborock, and Luzhou Lao. Xinjiang Tianrun is entity of China. It is traded as Stock on SHG exchange. More
Xinjiang Tianrun 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 Tianrun'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 Tianrun Dairy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.0589 | |||
| Maximum Drawdown | 17.25 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 4.99 |
Xinjiang Tianrun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinjiang Tianrun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinjiang Tianrun's standard deviation. In reality, there are many statistical measures that can use Xinjiang Tianrun historical prices to predict the future Xinjiang Tianrun's volatility.| Risk Adjusted Performance | 0.088 | |||
| Jensen Alpha | 0.3411 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0616 | |||
| Treynor Ratio | (0.64) |
Xinjiang Tianrun Dairy Backtested Returns
Xinjiang Tianrun appears to be somewhat reliable, given 3 months investment horizon. Xinjiang Tianrun Dairy shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Xinjiang Tianrun Dairy, which you can use to evaluate the volatility of the company. Please utilize Xinjiang Tianrun's Downside Deviation of 2.7, market risk adjusted performance of (0.63), and Mean Deviation of 2.05 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinjiang Tianrun holds a performance score of 12. The firm maintains a market beta of -0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xinjiang Tianrun are expected to decrease at a much lower rate. During the bear market, Xinjiang Tianrun is likely to outperform the market. Please check Xinjiang Tianrun's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Xinjiang Tianrun's historical returns will revert.
Auto-correlation | -0.82 |
Excellent reverse predictability
Xinjiang Tianrun Dairy has excellent reverse predictability. Overlapping area represents the amount of predictability between Xinjiang Tianrun time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Xinjiang Tianrun Dairy price movement. The serial correlation of -0.82 indicates that around 82.0% of current Xinjiang Tianrun price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Xinjiang Tianrun Dairy lagged returns against current returns
Autocorrelation, which is Xinjiang Tianrun 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 Tianrun's stock expected returns. We can calculate the autocorrelation of Xinjiang Tianrun returns to help us make a trade decision. For example, suppose you find that Xinjiang Tianrun 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 Tianrun 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 Tianrun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinjiang Tianrun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinjiang Tianrun stock over time.
Current vs Lagged Prices |
| Timeline |
Xinjiang Tianrun Lagged Returns
When evaluating Xinjiang Tianrun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinjiang Tianrun stock have on its future price. Xinjiang Tianrun 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 Tianrun autocorrelation shows the relationship between Xinjiang Tianrun stock current value and its past values and can show if there is a momentum factor associated with investing in Xinjiang Tianrun Dairy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xinjiang Stock
Xinjiang Tianrun 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 Tianrun security.