Changzhou Xingyu (China) Market Value
| 601799 Stock | 136.18 0.23 0.17% |
| Symbol | Changzhou |
Changzhou Xingyu '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 Changzhou Xingyu'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 Changzhou Xingyu.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Changzhou Xingyu on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Changzhou Xingyu Automotive or generate 0.0% return on investment in Changzhou Xingyu over 30 days. Changzhou Xingyu is related to or competes with StarPower Semiconductor, Ye Chiu, Union Semiconductor, Juneyao Airlines, GigaDevice SemiconductorBei, and Will Semiconductor. Changzhou Xingyu is entity of China. It is traded as Stock on SHG exchange. More
Changzhou Xingyu 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 Changzhou Xingyu'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 Changzhou Xingyu Automotive upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | 0.0608 | |||
| Maximum Drawdown | 16.89 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 5.78 |
Changzhou Xingyu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changzhou Xingyu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changzhou Xingyu's standard deviation. In reality, there are many statistical measures that can use Changzhou Xingyu historical prices to predict the future Changzhou Xingyu's volatility.| Risk Adjusted Performance | 0.0778 | |||
| Jensen Alpha | 0.3297 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0585 | |||
| Treynor Ratio | (0.79) |
Changzhou Xingyu Aut Backtested Returns
Changzhou Xingyu appears to be very steady, given 3 months investment horizon. Changzhou Xingyu Aut secures Sharpe Ratio (or Efficiency) of 0.0943, which signifies that the company had a 0.0943% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Changzhou Xingyu Automotive, which you can use to evaluate the volatility of the firm. Please makes use of Changzhou Xingyu's risk adjusted performance of 0.0778, and Mean Deviation of 2.32 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Changzhou Xingyu holds a performance score of 7. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Changzhou Xingyu are expected to decrease at a much lower rate. During the bear market, Changzhou Xingyu is likely to outperform the market. Please check Changzhou Xingyu's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Changzhou Xingyu's price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Changzhou Xingyu Automotive has very weak reverse predictability. Overlapping area represents the amount of predictability between Changzhou Xingyu time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Changzhou Xingyu Aut price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Changzhou Xingyu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 9.07 |
Changzhou Xingyu Aut lagged returns against current returns
Autocorrelation, which is Changzhou Xingyu 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 Changzhou Xingyu's stock expected returns. We can calculate the autocorrelation of Changzhou Xingyu returns to help us make a trade decision. For example, suppose you find that Changzhou Xingyu 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 |
Changzhou Xingyu 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 Changzhou Xingyu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changzhou Xingyu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changzhou Xingyu stock over time.
Current vs Lagged Prices |
| Timeline |
Changzhou Xingyu Lagged Returns
When evaluating Changzhou Xingyu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changzhou Xingyu stock have on its future price. Changzhou Xingyu 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, Changzhou Xingyu autocorrelation shows the relationship between Changzhou Xingyu stock current value and its past values and can show if there is a momentum factor associated with investing in Changzhou Xingyu Automotive.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Changzhou Stock
Changzhou Xingyu financial ratios help investors to determine whether Changzhou 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 Changzhou with respect to the benefits of owning Changzhou Xingyu security.