Xiangyu Medical (China) Market Value
| 688626 Stock | 31.72 0.23 0.73% |
| Symbol | Xiangyu |
Xiangyu Medical '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 Xiangyu Medical'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 Xiangyu Medical.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Xiangyu Medical on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Xiangyu Medical Co or generate 0.0% return on investment in Xiangyu Medical over 30 days. Xiangyu Medical is related to or competes with Nanjing Putian, Shenzhen Hifuture, Tianjin Realty, Shenyang Huitian, Jiangsu Xinning, and Hubei Geoway. Xiangyu Medical is entity of China. It is traded as Stock on SHG exchange. More
Xiangyu Medical 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 Xiangyu Medical'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 Xiangyu Medical Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.08 | |||
| Information Ratio | 0.0651 | |||
| Maximum Drawdown | 28.78 | |||
| Value At Risk | (5.40) | |||
| Potential Upside | 8.87 |
Xiangyu Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiangyu Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiangyu Medical's standard deviation. In reality, there are many statistical measures that can use Xiangyu Medical historical prices to predict the future Xiangyu Medical's volatility.| Risk Adjusted Performance | 0.0818 | |||
| Jensen Alpha | 0.413 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0706 | |||
| Treynor Ratio | 19.89 |
Xiangyu Medical Backtested Returns
Xiangyu Medical appears to be not too volatile, given 3 months investment horizon. Xiangyu Medical shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. By examining Xiangyu Medical's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please utilize Xiangyu Medical's Market Risk Adjusted Performance of 19.9, downside deviation of 4.08, and Mean Deviation of 2.9 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiangyu Medical holds a performance score of 10. The firm maintains a market beta of 0.0209, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xiangyu Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xiangyu Medical is expected to be smaller as well. Please check Xiangyu Medical's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Xiangyu Medical's historical returns will revert.
Auto-correlation | 0.40 |
Average predictability
Xiangyu Medical Co has average predictability. Overlapping area represents the amount of predictability between Xiangyu Medical time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Xiangyu Medical price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Xiangyu Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Xiangyu Medical lagged returns against current returns
Autocorrelation, which is Xiangyu Medical 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 Xiangyu Medical's stock expected returns. We can calculate the autocorrelation of Xiangyu Medical returns to help us make a trade decision. For example, suppose you find that Xiangyu Medical 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 |
Xiangyu Medical 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 Xiangyu Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiangyu Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiangyu Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Xiangyu Medical Lagged Returns
When evaluating Xiangyu Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiangyu Medical stock have on its future price. Xiangyu Medical 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, Xiangyu Medical autocorrelation shows the relationship between Xiangyu Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Xiangyu Medical Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xiangyu Stock
Xiangyu Medical financial ratios help investors to determine whether Xiangyu 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 Xiangyu with respect to the benefits of owning Xiangyu Medical security.