Xinyi Glass Holdings Stock Market Value
| XYIGY Stock | USD 20.23 1.06 4.98% |
| 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.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Xinyi Glass on February 4, 2023 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 660 days. Xinyi Glass is related to or competes with Xinyi Glass, CEMATRIX, Anhui Conch, CEMEX SAB, Taiga Building, Anhui Conch, and Tecnoglass. 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.
| Downside Deviation | 5.01 | |||
| Information Ratio | 0.0526 | |||
| Maximum Drawdown | 32.48 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 9.0 |
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 | 0.0706 | |||
| Jensen Alpha | 0.4197 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.048 | |||
| Treynor Ratio | (0.75) |
Xinyi Glass Holdings Backtested Returns
Xinyi Glass appears to be somewhat reliable, given 3 months investment horizon. Xinyi Glass Holdings shows Sharpe Ratio of 0.0729, which attests that the company had a 0.0729% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Xinyi Glass Holdings, which you can use to evaluate the volatility of the company. Please utilize Xinyi Glass' Mean Deviation of 3.04, market risk adjusted performance of (0.74), and Downside Deviation of 5.01 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 5. The firm maintains a market beta of -0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xinyi Glass are expected to decrease at a much lower rate. During the bear market, Xinyi Glass is likely to outperform the market. Please check Xinyi Glass' potential upside, as well as the relationship between the daily balance of power and relative strength index , to make a quick decision on whether Xinyi Glass' historical returns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
Xinyi Glass Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between Xinyi Glass time series from 4th of February 2023 to 31st of December 2023 and 31st 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 -0.37 indicates that just about 37.0% of current Xinyi Glass price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 6.48 |
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 |
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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 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.