XCMG Construction's market value is the price at which a share of XCMG Construction trades on a public exchange. It measures the collective expectations of XCMG Construction Machinery investors about its performance. XCMG Construction is trading at 7.69 as of the 3rd of January 2025, a 0.13 percent decrease since the beginning of the trading day. The stock's open price was 7.7. With this module, you can estimate the performance of a buy and hold strategy of XCMG Construction Machinery and determine expected loss or profit from investing in XCMG Construction over a given investment horizon. Check out XCMG Construction Correlation, XCMG Construction Volatility and XCMG Construction Alpha and Beta module to complement your research on XCMG Construction.
Please note, there is a significant difference between XCMG Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if XCMG Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, XCMG Construction's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
XCMG Construction '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 XCMG Construction's stock 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 XCMG Construction.
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12/04/2024
No Change 0.00
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In 31 days
01/03/2025
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If you would invest 0.00 in XCMG Construction on December 4, 2024 and sell it all today you would earn a total of 0.00 from holding XCMG Construction Machinery or generate 0.0% return on investment in XCMG Construction over 30 days. XCMG Construction is related to or competes with Sanbo Hospital, Zhejiang Construction, Vanfund Urban, Zhongrun Resources, and Henan Shuanghui. XCMG Construction is entity of China. It is traded as Stock on SHE exchange. More
XCMG Construction 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 XCMG Construction's stock 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 XCMG Construction Machinery upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for XCMG Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XCMG Construction's standard deviation. In reality, there are many statistical measures that can use XCMG Construction historical prices to predict the future XCMG Construction's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as XCMG Construction. Your research has to be compared to or analyzed against XCMG Construction's peers to derive any actionable benefits. When done correctly, XCMG Construction's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in XCMG Construction.
XCMG Construction Backtested Returns
XCMG Construction shows Sharpe Ratio of -0.0035, which attests that the company had a -0.0035% return per unit of standard deviation over the last 3 months. XCMG Construction exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out XCMG Construction's Mean Deviation of 1.7, risk adjusted performance of 0.0911, and Downside Deviation of 2.12 to validate the risk estimate we provide. The firm maintains a market beta of 0.0902, which attests to not very significant fluctuations relative to the market. As returns on the market increase, XCMG Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding XCMG Construction is expected to be smaller as well. At this point, XCMG Construction has a negative expected return of -0.0076%. Please make sure to check out XCMG Construction's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if XCMG Construction performance from the past will be repeated at future time.
Auto-correlation
-0.02
Very weak reverse predictability
XCMG Construction Machinery has very weak reverse predictability. Overlapping area represents the amount of predictability between XCMG Construction time series from 4th of December 2024 to 19th of December 2024 and 19th of December 2024 to 3rd 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 XCMG Construction price movement. The serial correlation of -0.02 indicates that only 2.0% of current XCMG Construction price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.02
Spearman Rank Test
-0.67
Residual Average
0.0
Price Variance
0.02
XCMG Construction lagged returns against current returns
Autocorrelation, which is XCMG Construction stock'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 XCMG Construction's stock expected returns. We can calculate the autocorrelation of XCMG Construction returns to help us make a trade decision. For example, suppose you find that XCMG Construction has exhibited high autocorrelation historically, and you observe that the stock 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
XCMG Construction 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 XCMG Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XCMG Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XCMG Construction stock over time.
Current vs Lagged Prices
Timeline
XCMG Construction Lagged Returns
When evaluating XCMG Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XCMG Construction stock have on its future price. XCMG Construction 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, XCMG Construction autocorrelation shows the relationship between XCMG Construction stock current value and its past values and can show if there is a momentum factor associated with investing in XCMG Construction Machinery.
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.
XCMG Construction financial ratios help investors to determine whether XCMG Stock 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 XCMG with respect to the benefits of owning XCMG Construction security.