Xiamen Goldenhome's market value is the price at which a share of Xiamen Goldenhome trades on a public exchange. It measures the collective expectations of Xiamen Goldenhome Co investors about its performance. Xiamen Goldenhome is trading at 19.94 as of the 1st of February 2025, a 1.04 percent decrease since the beginning of the trading day. The stock's open price was 20.15. With this module, you can estimate the performance of a buy and hold strategy of Xiamen Goldenhome Co and determine expected loss or profit from investing in Xiamen Goldenhome over a given investment horizon. Check out Xiamen Goldenhome Correlation, Xiamen Goldenhome Volatility and Xiamen Goldenhome Alpha and Beta module to complement your research on Xiamen Goldenhome.
Please note, there is a significant difference between Xiamen Goldenhome's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xiamen Goldenhome is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xiamen Goldenhome's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Xiamen Goldenhome '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 Xiamen Goldenhome'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 Xiamen Goldenhome.
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01/02/2025
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In 31 days
02/01/2025
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If you would invest 0.00 in Xiamen Goldenhome on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Xiamen Goldenhome Co or generate 0.0% return on investment in Xiamen Goldenhome over 30 days. Xiamen Goldenhome is related to or competes with Henan Shuanghui, Hunan Investment, Caihong Display, Chengdu Xingrong, Beingmate Baby, Shanghai Yaoji, and Everdisplay Optronics. Xiamen Goldenhome is entity of China. It is traded as Stock on SHG exchange. More
Xiamen Goldenhome 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 Xiamen Goldenhome'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 Xiamen Goldenhome Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiamen Goldenhome's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen Goldenhome's standard deviation. In reality, there are many statistical measures that can use Xiamen Goldenhome historical prices to predict the future Xiamen Goldenhome's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Xiamen Goldenhome. Your research has to be compared to or analyzed against Xiamen Goldenhome's peers to derive any actionable benefits. When done correctly, Xiamen Goldenhome's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Xiamen Goldenhome.
Xiamen Goldenhome Backtested Returns
At this point, Xiamen Goldenhome is not too volatile. Xiamen Goldenhome shows Sharpe Ratio of 0.0172, which attests that the company had a 0.0172 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xiamen Goldenhome, which you can use to evaluate the volatility of the company. Please check out Xiamen Goldenhome's Downside Deviation of 2.15, mean deviation of 1.74, and Market Risk Adjusted Performance of 0.1867 to validate if the risk estimate we provide is consistent with the expected return of 0.0421%. Xiamen Goldenhome has a performance score of 1 on a scale of 0 to 100. The firm maintains a market beta of 0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xiamen Goldenhome's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xiamen Goldenhome is expected to be smaller as well. Xiamen Goldenhome right now maintains a risk of 2.45%. Please check out Xiamen Goldenhome mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Xiamen Goldenhome will be following its historical returns.
Auto-correlation
0.11
Insignificant predictability
Xiamen Goldenhome Co has insignificant predictability. Overlapping area represents the amount of predictability between Xiamen Goldenhome time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Xiamen Goldenhome price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Xiamen Goldenhome price fluctuation can be explain by its past prices.
Correlation Coefficient
0.11
Spearman Rank Test
0.71
Residual Average
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Price Variance
0.03
Xiamen Goldenhome lagged returns against current returns
Autocorrelation, which is Xiamen Goldenhome 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 Xiamen Goldenhome's stock expected returns. We can calculate the autocorrelation of Xiamen Goldenhome returns to help us make a trade decision. For example, suppose you find that Xiamen Goldenhome 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
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Xiamen Goldenhome 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 Xiamen Goldenhome stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen Goldenhome stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen Goldenhome stock over time.
Current vs Lagged Prices
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Xiamen Goldenhome Lagged Returns
When evaluating Xiamen Goldenhome's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen Goldenhome stock have on its future price. Xiamen Goldenhome 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, Xiamen Goldenhome autocorrelation shows the relationship between Xiamen Goldenhome stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen Goldenhome Co.
Xiamen Goldenhome financial ratios help investors to determine whether Xiamen 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 Xiamen with respect to the benefits of owning Xiamen Goldenhome security.