Bank of XiAn (China) Market Value
| 600928 Stock | 3.70 0.02 0.54% |
| Symbol | Bank |
Bank of XiAn '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 Bank of XiAn'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 Bank of XiAn.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Bank of XiAn on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of XiAn or generate 0.0% return on investment in Bank of XiAn over 30 days. Bank of XiAn is related to or competes with Luyin Investment, Jointo Energy, Hunan Investment, Harbin Hatou, Guangzhou Haige, Fiberhome Telecommunicatio, and Xiandai Investment. Bank of XiAn is entity of China. It is traded as Stock on SHG exchange. More
Bank of XiAn 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 Bank of XiAn'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 Bank of XiAn upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.0422 | |||
| Maximum Drawdown | 16.88 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 4.65 |
Bank of XiAn Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of XiAn's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of XiAn's standard deviation. In reality, there are many statistical measures that can use Bank of XiAn historical prices to predict the future Bank of XiAn's volatility.| Risk Adjusted Performance | 0.0792 | |||
| Jensen Alpha | 0.1952 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0469 | |||
| Treynor Ratio | 1.3 |
Bank of XiAn Backtested Returns
Bank of XiAn appears to be moderately volatile, given 3 months investment horizon. Bank of XiAn secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Bank of XiAn, which you can use to evaluate the volatility of the firm. Please makes use of Bank of XiAn's Downside Deviation of 2.13, risk adjusted performance of 0.0792, and Mean Deviation of 1.61 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bank of XiAn holds a performance score of 11. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bank of XiAn's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank of XiAn is expected to be smaller as well. Please check Bank of XiAn'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 Bank of XiAn's price patterns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Bank of XiAn has insignificant reverse predictability. Overlapping area represents the amount of predictability between Bank of XiAn time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Bank of XiAn price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Bank of XiAn price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bank of XiAn lagged returns against current returns
Autocorrelation, which is Bank of XiAn 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 Bank of XiAn's stock expected returns. We can calculate the autocorrelation of Bank of XiAn returns to help us make a trade decision. For example, suppose you find that Bank of XiAn 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 |
Bank of XiAn 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 Bank of XiAn stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of XiAn stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of XiAn stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of XiAn Lagged Returns
When evaluating Bank of XiAn's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of XiAn stock have on its future price. Bank of XiAn 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, Bank of XiAn autocorrelation shows the relationship between Bank of XiAn stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of XiAn.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bank Stock
Bank of XiAn financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank of XiAn security.