Xinda International Corp Stock Market Value
| XNDA Stock | USD 0.0004 0.00 0.00% |
| Symbol | Xinda |
Xinda International '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 Xinda International'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 Xinda International.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Xinda International on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Xinda International Corp or generate 0.0% return on investment in Xinda International over 30 days. Xinda International is related to or competes with HeartCore Enterprises, Trust Stamp, Quhuo, Snowflake, Zoom Video, Shopify, and Workday. Tribal Rides International Corp. engages in research and development of disrupting current ride-sharing paradigms More
Xinda International 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 Xinda International'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 Xinda International Corp upside and downside potential and time the market with a certain degree of confidence.
Xinda International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinda International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinda International's standard deviation. In reality, there are many statistical measures that can use Xinda International historical prices to predict the future Xinda International's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xinda International'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.
Xinda International Corp Backtested Returns
We have found three technical indicators for Xinda International Corp, which you can use to evaluate the volatility of the company. The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Xinda International are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Xinda International Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Xinda International time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Xinda International Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Xinda International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Xinda International Corp lagged returns against current returns
Autocorrelation, which is Xinda International 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 Xinda International's pink sheet expected returns. We can calculate the autocorrelation of Xinda International returns to help us make a trade decision. For example, suppose you find that Xinda International 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 |
Xinda International 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 Xinda International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinda International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinda International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Xinda International Lagged Returns
When evaluating Xinda International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinda International pink sheet have on its future price. Xinda International 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, Xinda International autocorrelation shows the relationship between Xinda International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Xinda International Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Xinda Pink Sheet
Xinda International financial ratios help investors to determine whether Xinda 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 Xinda with respect to the benefits of owning Xinda International security.