Xinhua Winshare (China) Market Value
| 601811 Stock | 13.95 0.13 0.94% |
| Symbol | Xinhua |
Xinhua Winshare '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 Xinhua Winshare'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 Xinhua Winshare.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Xinhua Winshare on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Xinhua Winshare Publishing or generate 0.0% return on investment in Xinhua Winshare over 30 days. Xinhua Winshare is related to or competes with China State, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Xinhua Winshare is entity of China. It is traded as Stock on SHG exchange. More
Xinhua Winshare 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 Xinhua Winshare'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 Xinhua Winshare Publishing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 18.36 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.66 |
Xinhua Winshare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinhua Winshare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinhua Winshare's standard deviation. In reality, there are many statistical measures that can use Xinhua Winshare historical prices to predict the future Xinhua Winshare's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0148 | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.0931 |
Xinhua Winshare Publ Backtested Returns
Xinhua Winshare Publ shows Sharpe Ratio of -0.0203, which attests that the company had a -0.0203% return per unit of risk over the last 3 months. Xinhua Winshare Publ exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xinhua Winshare's Mean Deviation of 1.51, standard deviation of 2.31, and Market Risk Adjusted Performance of 0.1031 to validate the risk estimate we provide. The firm maintains a market beta of -0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xinhua Winshare are expected to decrease at a much lower rate. During the bear market, Xinhua Winshare is likely to outperform the market. At this point, Xinhua Winshare Publ has a negative expected return of -0.0493%. Please make sure to check out Xinhua Winshare's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Xinhua Winshare Publ performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Xinhua Winshare Publishing has weak reverse predictability. Overlapping area represents the amount of predictability between Xinhua Winshare 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 Xinhua Winshare Publ price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Xinhua Winshare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Xinhua Winshare Publ lagged returns against current returns
Autocorrelation, which is Xinhua Winshare 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 Xinhua Winshare's stock expected returns. We can calculate the autocorrelation of Xinhua Winshare returns to help us make a trade decision. For example, suppose you find that Xinhua Winshare 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 |
Xinhua Winshare 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 Xinhua Winshare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinhua Winshare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinhua Winshare stock over time.
Current vs Lagged Prices |
| Timeline |
Xinhua Winshare Lagged Returns
When evaluating Xinhua Winshare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinhua Winshare stock have on its future price. Xinhua Winshare 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, Xinhua Winshare autocorrelation shows the relationship between Xinhua Winshare stock current value and its past values and can show if there is a momentum factor associated with investing in Xinhua Winshare Publishing.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xinhua Stock
Xinhua Winshare financial ratios help investors to determine whether Xinhua 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 Xinhua with respect to the benefits of owning Xinhua Winshare security.