Xinyi Glass Holdings Stock Market Value
| XYIGY Stock | USD 17.83 0.68 3.67% |
| 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.
| 07/28/2024 |
| 01/24/2025 |
If you would invest 0.00 in Xinyi Glass on July 28, 2024 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 180 days. Xinyi Glass is related to or competes with Cementos Pacasmayo, Summit Materials, Eagle Materials, CRH PLC, and Martin Marietta. 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 | (0.07) | |||
| Maximum Drawdown | 13.86 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 4.43 |
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 | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (2.09) |
Xinyi Glass Holdings Backtested Returns
Xinyi Glass Holdings shows Sharpe Ratio of -0.15, which attests that the company had a -0.15 % return per unit of risk over the last 3 months. Xinyi Glass Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xinyi Glass' Market Risk Adjusted Performance of (2.08), mean deviation of 1.96, and Standard Deviation of 2.8 to validate the risk estimate we provide. The firm maintains a market beta of 0.0821, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xinyi Glass' returns are expected to increase less than the market. However, during the bear market, the loss of holding Xinyi Glass is expected to be smaller as well. At this point, Xinyi Glass Holdings has a negative expected return of -0.4%. Please make sure to check out Xinyi Glass' total risk alpha, daily balance of power, as well as the relationship between the Daily Balance Of Power and relative strength index , to decide if Xinyi Glass Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Xinyi Glass Holdings has good reverse predictability. Overlapping area represents the amount of predictability between Xinyi Glass time series from 28th of July 2024 to 26th of October 2024 and 26th of October 2024 to 24th of January 2025. 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 -0.57 indicates that roughly 57.0% of current Xinyi Glass price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 2.73 |
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 |
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.Additional Tools for Xinyi Pink Sheet Analysis
When running Xinyi Glass' price analysis, check to measure Xinyi Glass' 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 Glass is operating at the current time. Most of Xinyi Glass' value examination focuses on studying past and present price action to predict the probability of Xinyi Glass' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xinyi Glass' price. Additionally, you may evaluate how the addition of Xinyi Glass to your portfolios can decrease your overall portfolio volatility.