Xinyi Glass Holdings Stock Market Value
| XYIGF Stock | USD 1.10 0.02 1.85% |
| Symbol | Xinyi |
Xinyi Glass '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 Glass' 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 Glass.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Xinyi Glass on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Xinyi Glass Holdings or generate 0.0% return on investment in Xinyi Glass over 720 days. Xinyi Glass is related to or competes with Anhui Conch, CEMEX SAB, CEMATRIX, Anhui Conch, James Hardie, and ReTo Eco. Xinyi Glass Holdings Limited, an investment holding company, produces and sells automobile, construction, float, and oth... More
Xinyi Glass 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 Glass' 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 Glass Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0703 | |||
| Maximum Drawdown | 43.86 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.85 |
Xinyi Glass Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinyi Glass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinyi Glass' standard deviation. In reality, there are many statistical measures that can use Xinyi Glass historical prices to predict the future Xinyi Glass' volatility.| Risk Adjusted Performance | 0.0833 | |||
| Jensen Alpha | 0.3493 | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.5139 |
Xinyi Glass Holdings Backtested Returns
Xinyi Glass appears to be extremely dangerous, given 3 months investment horizon. Xinyi Glass Holdings shows Sharpe Ratio of 0.0992, which attests that the company had a 0.0992% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Xinyi Glass Holdings, which you can use to evaluate the volatility of the company. Please utilize Xinyi Glass' Market Risk Adjusted Performance of 0.5239, standard deviation of 4.78, and Mean Deviation of 1.41 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinyi Glass holds a performance score of 7. The firm maintains a market beta of 0.89, which attests to possible diversification benefits within a given portfolio. Xinyi Glass returns are very sensitive to returns on the market. As the market goes up or down, Xinyi Glass is expected to follow. Please check Xinyi Glass' skewness, as well as the relationship between the day median price and relative strength index , to make a quick decision on whether Xinyi Glass' historical returns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Xinyi Glass Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Xinyi Glass time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Glass Holdings price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Xinyi Glass price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Xinyi Glass Holdings lagged returns against current returns
Autocorrelation, which is Xinyi Glass 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 Glass' pink sheet expected returns. We can calculate the autocorrelation of Xinyi Glass returns to help us make a trade decision. For example, suppose you find that Xinyi Glass 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 Glass 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 Glass pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinyi Glass 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 Glass pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Xinyi Glass Lagged Returns
When evaluating Xinyi Glass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinyi Glass pink sheet have on its future price. Xinyi Glass 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 Glass autocorrelation shows the relationship between Xinyi Glass pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Xinyi Glass Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xinyi Pink Sheet
Xinyi Glass financial ratios help investors to determine whether Xinyi 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 Xinyi with respect to the benefits of owning Xinyi Glass security.