Xinyi Solar Holdings Stock Market Value
| XISHY Stock | USD 7.91 0.01 0.13% |
| Symbol | Xinyi |
Xinyi Solar '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 Xinyi Solar'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 Xinyi Solar.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Xinyi Solar on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Xinyi Solar Holdings or generate 0.0% return on investment in Xinyi Solar over 720 days. Xinyi Solar is related to or competes with First Solar, Enphase Energy, and Array Technologies. Xinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in the Peoples Repu... More
Xinyi Solar 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 Xinyi Solar'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 Xinyi Solar Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.07 | |||
| Information Ratio | 0.0036 | |||
| Maximum Drawdown | 26.67 | |||
| Value At Risk | (7.43) | |||
| Potential Upside | 9.92 |
Xinyi Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinyi Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinyi Solar's standard deviation. In reality, there are many statistical measures that can use Xinyi Solar historical prices to predict the future Xinyi Solar's volatility.| Risk Adjusted Performance | 0.0306 | |||
| Jensen Alpha | 0.186 | |||
| Total Risk Alpha | (0.68) | |||
| Sortino Ratio | 0.0037 | |||
| Treynor Ratio | (0.36) |
Xinyi Solar Holdings Backtested Returns
Xinyi Solar appears to be moderately volatile, given 3 months investment horizon. Xinyi Solar Holdings shows Sharpe Ratio of 0.039, which attests that the company had a 0.039% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xinyi Solar Holdings, which you can use to evaluate the volatility of the company. Please utilize Xinyi Solar's Mean Deviation of 3.77, downside deviation of 5.07, and Market Risk Adjusted Performance of (0.35) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinyi Solar holds a performance score of 3. The firm maintains a market beta of -0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xinyi Solar are expected to decrease at a much lower rate. During the bear market, Xinyi Solar is likely to outperform the market. Please check Xinyi Solar's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Xinyi Solar's historical returns will revert.
Auto-correlation | 0.38 |
Below average predictability
Xinyi Solar Holdings has below average predictability. Overlapping area represents the amount of predictability between Xinyi Solar time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Xinyi Solar Holdings price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Xinyi Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 5.17 |
Xinyi Solar Holdings lagged returns against current returns
Autocorrelation, which is Xinyi Solar 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 Xinyi Solar's pink sheet expected returns. We can calculate the autocorrelation of Xinyi Solar returns to help us make a trade decision. For example, suppose you find that Xinyi Solar 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 |
Xinyi Solar 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 Xinyi Solar pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinyi Solar pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinyi Solar pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Xinyi Solar Lagged Returns
When evaluating Xinyi Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinyi Solar pink sheet have on its future price. Xinyi Solar 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, Xinyi Solar autocorrelation shows the relationship between Xinyi Solar pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Xinyi Solar Holdings.
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.Additional Tools for Xinyi Pink Sheet Analysis
When running Xinyi Solar's price analysis, check to measure Xinyi Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Xinyi Solar is operating at the current time. Most of Xinyi Solar's value examination focuses on studying past and present price action to predict the probability of Xinyi Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xinyi Solar's price. Additionally, you may evaluate how the addition of Xinyi Solar to your portfolios can decrease your overall portfolio volatility.