Xinjiang Goldwind Science Stock Market Value
| XJNGF Stock | USD 0.76 0.04 5.00% |
| Symbol | Xinjiang |
Xinjiang Goldwind '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 Xinjiang Goldwind'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 Xinjiang Goldwind.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Xinjiang Goldwind on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Xinjiang Goldwind Science or generate 0.0% return on investment in Xinjiang Goldwind over 360 days. Xinjiang Goldwind is related to or competes with Aumann AG, and Atlas Copco. Xinjiang Goldwind Science Technology Co., Ltd., together with its subsidiaries, provides wind power solutions in China a... More
Xinjiang Goldwind 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 Xinjiang Goldwind'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 Xinjiang Goldwind Science upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.91 | |||
| Information Ratio | 0.1132 | |||
| Maximum Drawdown | 49.58 | |||
| Value At Risk | (5.62) | |||
| Potential Upside | 18.18 |
Xinjiang Goldwind Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinjiang Goldwind's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinjiang Goldwind's standard deviation. In reality, there are many statistical measures that can use Xinjiang Goldwind historical prices to predict the future Xinjiang Goldwind's volatility.| Risk Adjusted Performance | 0.1111 | |||
| Jensen Alpha | 0.9355 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0824 | |||
| Treynor Ratio | (1.29) |
Xinjiang Goldwind Science Backtested Returns
Xinjiang Goldwind appears to be out of control, given 3 months investment horizon. Xinjiang Goldwind Science 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. By examining Xinjiang Goldwind's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Xinjiang Goldwind's Mean Deviation of 3.18, downside deviation of 8.91, and Market Risk Adjusted Performance of (1.28) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinjiang Goldwind holds a performance score of 8. The firm maintains a market beta of -0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xinjiang Goldwind are expected to decrease at a much lower rate. During the bear market, Xinjiang Goldwind is likely to outperform the market. Please check Xinjiang Goldwind's maximum drawdown and the relationship between the semi variance and price action indicator , to make a quick decision on whether Xinjiang Goldwind's historical returns will revert.
Auto-correlation | 0.75 |
Good predictability
Xinjiang Goldwind Science has good predictability. Overlapping area represents the amount of predictability between Xinjiang Goldwind time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Xinjiang Goldwind Science price movement. The serial correlation of 0.75 indicates that around 75.0% of current Xinjiang Goldwind price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Xinjiang Goldwind Science lagged returns against current returns
Autocorrelation, which is Xinjiang Goldwind 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 Xinjiang Goldwind's pink sheet expected returns. We can calculate the autocorrelation of Xinjiang Goldwind returns to help us make a trade decision. For example, suppose you find that Xinjiang Goldwind 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 |
Xinjiang Goldwind 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 Xinjiang Goldwind pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinjiang Goldwind pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinjiang Goldwind pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Xinjiang Goldwind Lagged Returns
When evaluating Xinjiang Goldwind's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinjiang Goldwind pink sheet have on its future price. Xinjiang Goldwind 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, Xinjiang Goldwind autocorrelation shows the relationship between Xinjiang Goldwind pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Xinjiang Goldwind Science.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xinjiang Pink Sheet
Xinjiang Goldwind financial ratios help investors to determine whether Xinjiang 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 Xinjiang with respect to the benefits of owning Xinjiang Goldwind security.