Xiaomi Corp Stock Market Value
| XIACF Stock | USD 3.64 0.03 0.83% |
| Symbol | Xiaomi |
Xiaomi Corp '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 Xiaomi Corp's pink sheet 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 Xiaomi Corp.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Xiaomi Corp on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Xiaomi Corp or generate 0.0% return on investment in Xiaomi Corp over 360 days. Xiaomi Corp is related to or competes with Zepp Health, Samsung Electronics, LG Display, Sharp, TCL Electronics, Sharp Corp, and Casio Computer. Xiaomi Corporation, an investment holding company, provides hardware, software, and internet services in Mainland China,... More
Xiaomi Corp 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 Xiaomi Corp's pink sheet 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 Xiaomi Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.05 | |||
| Information Ratio | 0.2035 | |||
| Maximum Drawdown | 18.57 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 6.23 |
Xiaomi Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiaomi Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiaomi Corp's standard deviation. In reality, there are many statistical measures that can use Xiaomi Corp historical prices to predict the future Xiaomi Corp's volatility.| Risk Adjusted Performance | 0.1841 | |||
| Jensen Alpha | 0.7632 | |||
| Total Risk Alpha | 0.3644 | |||
| Sortino Ratio | 0.2065 | |||
| Treynor Ratio | (1.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xiaomi Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Xiaomi Corp Backtested Returns
Xiaomi Corp appears to be unstable, given 3 months investment horizon. Xiaomi Corp shows Sharpe Ratio of 0.24, which attests that the company had a 0.24% return per unit of risk over the last 3 months. By examining Xiaomi Corp's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize Xiaomi Corp's Mean Deviation of 2.34, market risk adjusted performance of (1.27), and Downside Deviation of 3.05 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiaomi Corp holds a performance score of 18. The firm maintains a market beta of -0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xiaomi Corp are expected to decrease at a much lower rate. During the bear market, Xiaomi Corp is likely to outperform the market. Please check Xiaomi Corp's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Xiaomi Corp's historical returns will revert.
Auto-correlation | 0.85 |
Very good predictability
Xiaomi Corp has very good predictability. Overlapping area represents the amount of predictability between Xiaomi Corp time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 Xiaomi Corp price movement. The serial correlation of 0.85 indicates that around 85.0% of current Xiaomi Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Xiaomi Corp lagged returns against current returns
Autocorrelation, which is Xiaomi Corp pink sheet'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 Xiaomi Corp's pink sheet expected returns. We can calculate the autocorrelation of Xiaomi Corp returns to help us make a trade decision. For example, suppose you find that Xiaomi Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Xiaomi Corp 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 Xiaomi Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiaomi Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiaomi Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Xiaomi Corp Lagged Returns
When evaluating Xiaomi Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiaomi Corp pink sheet have on its future price. Xiaomi Corp 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, Xiaomi Corp autocorrelation shows the relationship between Xiaomi Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Xiaomi Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xiaomi Pink Sheet
Xiaomi Corp financial ratios help investors to determine whether Xiaomi Pink Sheet 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 Xiaomi with respect to the benefits of owning Xiaomi Corp security.