Xchange Tecinc Stock Market Value
| XHG Stock | 1.50 0.05 3.45% |
| Symbol | XChange |
XChange TECINC Price To Book Ratio
Is Real Estate Management & Development space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of XChange TECINC. If investors know XChange will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about XChange TECINC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.18) | Revenue Per Share 16.224 | Quarterly Revenue Growth (0.62) | Return On Assets (0.02) |
The market value of XChange TECINC is measured differently than its book value, which is the value of XChange that is recorded on the company's balance sheet. Investors also form their own opinion of XChange TECINC's value that differs from its market value or its book value, called intrinsic value, which is XChange TECINC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because XChange TECINC's market value can be influenced by many factors that don't directly affect XChange TECINC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between XChange TECINC's value and its price as these two are different measures arrived at by different means. Investors typically determine if XChange TECINC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, XChange TECINC'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.
XChange TECINC '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 XChange TECINC'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 XChange TECINC.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in XChange TECINC on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding XChange TECINC or generate 0.0% return on investment in XChange TECINC over 30 days. XChange TECINC is related to or competes with Wetouch Technology, New Concept, Logistic Properties, Maui Land, New England, New York, and Rafael Holdings. XChange TECINC is entity of United States More
XChange TECINC 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 XChange TECINC'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 XChange TECINC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 163.93 | |||
| Value At Risk | (17.81) | |||
| Potential Upside | 22.86 |
XChange TECINC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XChange TECINC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XChange TECINC's standard deviation. In reality, there are many statistical measures that can use XChange TECINC historical prices to predict the future XChange TECINC's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (2.20) | |||
| Total Risk Alpha | (4.45) | |||
| Treynor Ratio | (2.63) |
XChange TECINC Backtested Returns
XChange TECINC shows Sharpe Ratio of -0.11, which attests that the company had a -0.11% return per unit of risk over the last 3 months. XChange TECINC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out XChange TECINC's Market Risk Adjusted Performance of (2.62), standard deviation of 17.86, and Mean Deviation of 9.24 to validate the risk estimate we provide. The firm maintains a market beta of 0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, XChange TECINC's returns are expected to increase less than the market. However, during the bear market, the loss of holding XChange TECINC is expected to be smaller as well. At this point, XChange TECINC has a negative expected return of -2.03%. Please make sure to check out XChange TECINC's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if XChange TECINC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
XChange TECINC has very good predictability. Overlapping area represents the amount of predictability between XChange TECINC time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 XChange TECINC price movement. The serial correlation of 0.82 indicates that around 82.0% of current XChange TECINC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
XChange TECINC lagged returns against current returns
Autocorrelation, which is XChange TECINC 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 XChange TECINC's stock expected returns. We can calculate the autocorrelation of XChange TECINC returns to help us make a trade decision. For example, suppose you find that XChange TECINC 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 |
XChange TECINC 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 XChange TECINC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XChange TECINC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XChange TECINC stock over time.
Current vs Lagged Prices |
| Timeline |
XChange TECINC Lagged Returns
When evaluating XChange TECINC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XChange TECINC stock have on its future price. XChange TECINC 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, XChange TECINC autocorrelation shows the relationship between XChange TECINC stock current value and its past values and can show if there is a momentum factor associated with investing in XChange TECINC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether XChange TECINC is a strong investment it is important to analyze XChange TECINC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact XChange TECINC's future performance. For an informed investment choice regarding XChange Stock, refer to the following important reports:Check out XChange TECINC Correlation, XChange TECINC Volatility and XChange TECINC Alpha and Beta module to complement your research on XChange TECINC. For more detail on how to invest in XChange Stock please use our How to Invest in XChange TECINC guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
XChange TECINC technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.