Xilinmen Furniture (China) Market Value
| 603008 Stock | 18.95 0.45 2.43% |
| Symbol | Xilinmen |
Xilinmen Furniture '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 Xilinmen Furniture'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 Xilinmen Furniture.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Xilinmen Furniture on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Xilinmen Furniture Co or generate 0.0% return on investment in Xilinmen Furniture over 210 days. Xilinmen Furniture is related to or competes with Tongxing Environmental, Ningbo Ligong, Guangdong Advertising, Bengang Steel, Aofu Environmental, Miracll Chemicals, and Yingde Greatchem. Xilinmen Furniture is entity of China. It is traded as Stock on SHG exchange. More
Xilinmen Furniture 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 Xilinmen Furniture'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 Xilinmen Furniture Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.088 | |||
| Maximum Drawdown | 18.34 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 5.97 |
Xilinmen Furniture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xilinmen Furniture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xilinmen Furniture's standard deviation. In reality, there are many statistical measures that can use Xilinmen Furniture historical prices to predict the future Xilinmen Furniture's volatility.| Risk Adjusted Performance | 0.1063 | |||
| Jensen Alpha | 0.3677 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.1024 | |||
| Treynor Ratio | 0.9708 |
Xilinmen Furniture Backtested Returns
Xilinmen Furniture appears to be not too volatile, given 3 months investment horizon. Xilinmen Furniture shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. By examining Xilinmen Furniture's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Xilinmen Furniture's Mean Deviation of 2.63, market risk adjusted performance of 0.9808, and Downside Deviation of 2.89 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xilinmen Furniture holds a performance score of 13. The firm maintains a market beta of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xilinmen Furniture's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xilinmen Furniture is expected to be smaller as well. Please check Xilinmen Furniture's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Xilinmen Furniture's historical returns will revert.
Auto-correlation | -0.82 |
Excellent reverse predictability
Xilinmen Furniture Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Xilinmen Furniture time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Xilinmen Furniture price movement. The serial correlation of -0.82 indicates that around 82.0% of current Xilinmen Furniture price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 5.62 |
Xilinmen Furniture lagged returns against current returns
Autocorrelation, which is Xilinmen Furniture 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 Xilinmen Furniture's stock expected returns. We can calculate the autocorrelation of Xilinmen Furniture returns to help us make a trade decision. For example, suppose you find that Xilinmen Furniture 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 |
Xilinmen Furniture 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 Xilinmen Furniture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xilinmen Furniture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xilinmen Furniture stock over time.
Current vs Lagged Prices |
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Xilinmen Furniture Lagged Returns
When evaluating Xilinmen Furniture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xilinmen Furniture stock have on its future price. Xilinmen Furniture 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, Xilinmen Furniture autocorrelation shows the relationship between Xilinmen Furniture stock current value and its past values and can show if there is a momentum factor associated with investing in Xilinmen Furniture Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xilinmen Stock
Xilinmen Furniture financial ratios help investors to determine whether Xilinmen 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 Xilinmen with respect to the benefits of owning Xilinmen Furniture security.