Hangzhou Xili (China) Market Value
| 688616 Stock | 11.85 0.07 0.59% |
| Symbol | Hangzhou |
Hangzhou Xili '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 Hangzhou Xili'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 Hangzhou Xili.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Hangzhou Xili on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Hangzhou Xili Intelligent or generate 0.0% return on investment in Hangzhou Xili over 30 days. Hangzhou Xili is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Hangzhou Xili is entity of China. It is traded as Stock on SHG exchange. More
Hangzhou Xili 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 Hangzhou Xili'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 Hangzhou Xili Intelligent upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.32 | |||
| Information Ratio | 0.1583 | |||
| Maximum Drawdown | 25.07 | |||
| Value At Risk | (4.77) | |||
| Potential Upside | 5.01 |
Hangzhou Xili Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hangzhou Xili's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Xili's standard deviation. In reality, there are many statistical measures that can use Hangzhou Xili historical prices to predict the future Hangzhou Xili's volatility.| Risk Adjusted Performance | 0.1471 | |||
| Jensen Alpha | 0.7021 | |||
| Total Risk Alpha | 0.1137 | |||
| Sortino Ratio | 0.1727 | |||
| Treynor Ratio | (5.46) |
Hangzhou Xili Intelligent Backtested Returns
Hangzhou Xili appears to be somewhat reliable, given 3 months investment horizon. Hangzhou Xili Intelligent holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. By evaluating Hangzhou Xili's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please utilize Hangzhou Xili's Risk Adjusted Performance of 0.1471, downside deviation of 3.32, and Market Risk Adjusted Performance of (5.45) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hangzhou Xili holds a performance score of 19. The company retains a Market Volatility (i.e., Beta) of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hangzhou Xili are expected to decrease at a much lower rate. During the bear market, Hangzhou Xili is likely to outperform the market. Please check Hangzhou Xili's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hangzhou Xili's current trending patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Hangzhou Xili Intelligent has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hangzhou Xili time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Hangzhou Xili Intelligent price movement. The serial correlation of -0.75 indicates that around 75.0% of current Hangzhou Xili price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Hangzhou Xili Intelligent lagged returns against current returns
Autocorrelation, which is Hangzhou Xili 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 Hangzhou Xili's stock expected returns. We can calculate the autocorrelation of Hangzhou Xili returns to help us make a trade decision. For example, suppose you find that Hangzhou Xili 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 |
Hangzhou Xili 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 Hangzhou Xili stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Xili stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Xili stock over time.
Current vs Lagged Prices |
| Timeline |
Hangzhou Xili Lagged Returns
When evaluating Hangzhou Xili's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Xili stock have on its future price. Hangzhou Xili 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, Hangzhou Xili autocorrelation shows the relationship between Hangzhou Xili stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Xili Intelligent.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hangzhou Stock
Hangzhou Xili financial ratios help investors to determine whether Hangzhou 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 Hangzhou with respect to the benefits of owning Hangzhou Xili security.