Suzhou Xingye (China) Market Value
| 603928 Stock | 8.95 0.52 5.49% |
| Symbol | Suzhou |
Suzhou Xingye '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 Suzhou Xingye'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 Suzhou Xingye.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Suzhou Xingye on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Suzhou Xingye Material or generate 0.0% return on investment in Suzhou Xingye over 180 days. Suzhou Xingye is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Suzhou Xingye is entity of China. It is traded as Stock on SHG exchange. More
Suzhou Xingye 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 Suzhou Xingye'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 Suzhou Xingye Material upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.0627 | |||
| Maximum Drawdown | 15.96 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 3.56 |
Suzhou Xingye Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suzhou Xingye's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suzhou Xingye's standard deviation. In reality, there are many statistical measures that can use Suzhou Xingye historical prices to predict the future Suzhou Xingye's volatility.| Risk Adjusted Performance | 0.0911 | |||
| Jensen Alpha | 0.3281 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0617 | |||
| Treynor Ratio | (1.14) |
Suzhou Xingye Material Backtested Returns
Suzhou Xingye appears to be somewhat reliable, given 3 months investment horizon. Suzhou Xingye Material owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Suzhou Xingye Material, which you can use to evaluate the volatility of the company. Please review Suzhou Xingye's Coefficient Of Variation of 914.66, risk adjusted performance of 0.0911, and Semi Deviation of 2.59 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Suzhou Xingye holds a performance score of 9. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Suzhou Xingye are expected to decrease at a much lower rate. During the bear market, Suzhou Xingye is likely to outperform the market. Please check Suzhou Xingye's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Suzhou Xingye's existing price patterns will revert.
Auto-correlation | -0.58 |
Good reverse predictability
Suzhou Xingye Material has good reverse predictability. Overlapping area represents the amount of predictability between Suzhou Xingye time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Suzhou Xingye Material price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Suzhou Xingye price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Suzhou Xingye Material lagged returns against current returns
Autocorrelation, which is Suzhou Xingye 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 Suzhou Xingye's stock expected returns. We can calculate the autocorrelation of Suzhou Xingye returns to help us make a trade decision. For example, suppose you find that Suzhou Xingye 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 |
Suzhou Xingye 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 Suzhou Xingye stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suzhou Xingye stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suzhou Xingye stock over time.
Current vs Lagged Prices |
| Timeline |
Suzhou Xingye Lagged Returns
When evaluating Suzhou Xingye's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suzhou Xingye stock have on its future price. Suzhou Xingye 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, Suzhou Xingye autocorrelation shows the relationship between Suzhou Xingye stock current value and its past values and can show if there is a momentum factor associated with investing in Suzhou Xingye Material.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Suzhou Stock
Suzhou Xingye financial ratios help investors to determine whether Suzhou 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 Suzhou with respect to the benefits of owning Suzhou Xingye security.