Xinjiang Tianrun (China) Market Value
| 600419 Stock | 8.59 0.15 1.72% |
| 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.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Xinjiang Tianrun on January 1, 2025 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 Jiangxi Hengda, Eastroc Beverage, Tongyu Communication, Nanjing Putian, Fujian Anjoy, Zhejiang JIULI, and Pinlive Foods. 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 | 2.96 | |||
| Information Ratio | 0.0036 | |||
| Maximum Drawdown | 14.59 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 4.84 |
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 | 0.0387 | |||
| Jensen Alpha | 0.0918 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0036 | |||
| Treynor Ratio | 1.03 |
Xinjiang Tianrun Dairy Backtested Returns
Xinjiang Tianrun Dairy shows Sharpe Ratio of -0.0259, which attests that the company had a -0.0259 % return per unit of risk over the last 3 months. Xinjiang Tianrun Dairy exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xinjiang Tianrun's Market Risk Adjusted Performance of 1.04, downside deviation of 2.96, and Mean Deviation of 2.21 to validate the risk estimate we provide. The firm maintains a market beta of 0.0973, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xinjiang Tianrun's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xinjiang Tianrun is expected to be smaller as well. At this point, Xinjiang Tianrun Dairy has a negative expected return of -0.075%. Please make sure to check out Xinjiang Tianrun's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Xinjiang Tianrun Dairy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Xinjiang Tianrun Dairy has very weak predictability. Overlapping area represents the amount of predictability between Xinjiang Tianrun time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 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 Xinjiang Tianrun Dairy price movement. The serial correlation of 0.18 indicates that over 18.0% of current Xinjiang Tianrun price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
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.