Xchanging Solutions (India) Market Value
| XCHANGING | 107.60 0.66 0.61% |
| Symbol | Xchanging |
Xchanging Solutions '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 Xchanging Solutions' 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 Xchanging Solutions.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Xchanging Solutions on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Xchanging Solutions Limited or generate 0.0% return on investment in Xchanging Solutions over 30 days. Xchanging Solutions is related to or competes with Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, Tribhovandas Bhimji, Parag Milk, and Heubach Colorants. Xchanging Solutions is entity of India. It is traded as Stock on NSE exchange. More
Xchanging Solutions 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 Xchanging Solutions' 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 Xchanging Solutions Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 11.26 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 3.04 |
Xchanging Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xchanging Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xchanging Solutions' standard deviation. In reality, there are many statistical measures that can use Xchanging Solutions historical prices to predict the future Xchanging Solutions' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 5.65 |
Xchanging Solutions Backtested Returns
Xchanging Solutions shows Sharpe Ratio of -0.12, which attests that the company had a -0.12% return per unit of risk over the last 3 months. Xchanging Solutions exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xchanging Solutions' Market Risk Adjusted Performance of 5.66, standard deviation of 1.95, and Mean Deviation of 1.36 to validate the risk estimate we provide. The firm maintains a market beta of -0.0415, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xchanging Solutions are expected to decrease at a much lower rate. During the bear market, Xchanging Solutions is likely to outperform the market. At this point, Xchanging Solutions has a negative expected return of -0.24%. Please make sure to check out Xchanging Solutions' maximum drawdown, as well as the relationship between the accumulation distribution and day typical price , to decide if Xchanging Solutions performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Xchanging Solutions Limited has modest predictability. Overlapping area represents the amount of predictability between Xchanging Solutions time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Xchanging Solutions price movement. The serial correlation of 0.54 indicates that about 54.0% of current Xchanging Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 1.17 |
Xchanging Solutions lagged returns against current returns
Autocorrelation, which is Xchanging Solutions 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 Xchanging Solutions' stock expected returns. We can calculate the autocorrelation of Xchanging Solutions returns to help us make a trade decision. For example, suppose you find that Xchanging Solutions 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 |
Xchanging Solutions 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 Xchanging Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xchanging Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xchanging Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
Xchanging Solutions Lagged Returns
When evaluating Xchanging Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xchanging Solutions stock have on its future price. Xchanging Solutions 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, Xchanging Solutions autocorrelation shows the relationship between Xchanging Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in Xchanging Solutions Limited.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Xchanging Stock
Xchanging Solutions financial ratios help investors to determine whether Xchanging 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 Xchanging with respect to the benefits of owning Xchanging Solutions security.