Sanxiang Advanced's market value is the price at which a share of Sanxiang Advanced trades on a public exchange. It measures the collective expectations of Sanxiang Advanced Materials investors about its performance. Sanxiang Advanced is trading at 17.07 as of the 3rd of February 2025, a 2.18 percent down since the beginning of the trading day. The stock's open price was 17.45. With this module, you can estimate the performance of a buy and hold strategy of Sanxiang Advanced Materials and determine expected loss or profit from investing in Sanxiang Advanced over a given investment horizon. Check out Sanxiang Advanced Correlation, Sanxiang Advanced Volatility and Sanxiang Advanced Alpha and Beta module to complement your research on Sanxiang Advanced.
Please note, there is a significant difference between Sanxiang Advanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sanxiang Advanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sanxiang Advanced'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.
Sanxiang Advanced '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 Sanxiang Advanced'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 Sanxiang Advanced.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sanxiang Advanced'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 Sanxiang Advanced Materials 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 Sanxiang Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanxiang Advanced's standard deviation. In reality, there are many statistical measures that can use Sanxiang Advanced historical prices to predict the future Sanxiang Advanced's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sanxiang Advanced. Your research has to be compared to or analyzed against Sanxiang Advanced's peers to derive any actionable benefits. When done correctly, Sanxiang Advanced'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 Sanxiang Advanced.
Sanxiang Advanced Backtested Returns
Sanxiang Advanced owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. Sanxiang Advanced Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sanxiang Advanced's Risk Adjusted Performance of 0.0022, coefficient of variation of (16,384), and Variance of 9.54 to confirm the risk estimate we provide. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sanxiang Advanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sanxiang Advanced is expected to be smaller as well. At this point, Sanxiang Advanced has a negative expected return of -0.0189%. Please make sure to validate Sanxiang Advanced's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Sanxiang Advanced performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.25
Weak reverse predictability
Sanxiang Advanced Materials has weak reverse predictability. Overlapping area represents the amount of predictability between Sanxiang Advanced time series from 14th of February 2023 to 9th of February 2024 and 9th of February 2024 to 3rd 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 Sanxiang Advanced price movement. The serial correlation of -0.25 indicates that over 25.0% of current Sanxiang Advanced price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.25
Spearman Rank Test
-0.23
Residual Average
0.0
Price Variance
6.06
Sanxiang Advanced lagged returns against current returns
Autocorrelation, which is Sanxiang Advanced 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 Sanxiang Advanced's stock expected returns. We can calculate the autocorrelation of Sanxiang Advanced returns to help us make a trade decision. For example, suppose you find that Sanxiang Advanced 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
Sanxiang Advanced 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 Sanxiang Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanxiang Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanxiang Advanced stock over time.
Current vs Lagged Prices
Timeline
Sanxiang Advanced Lagged Returns
When evaluating Sanxiang Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanxiang Advanced stock have on its future price. Sanxiang Advanced 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, Sanxiang Advanced autocorrelation shows the relationship between Sanxiang Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Sanxiang Advanced Materials.
Sanxiang Advanced financial ratios help investors to determine whether Sanxiang 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 Sanxiang with respect to the benefits of owning Sanxiang Advanced security.