Xiwang Foodstuffs (China) Market Value
| 000639 Stock | 3.19 0.17 5.63% |
| Symbol | Xiwang |
Xiwang Foodstuffs '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 Xiwang Foodstuffs' 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 Xiwang Foodstuffs.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Xiwang Foodstuffs on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Xiwang Foodstuffs Co or generate 0.0% return on investment in Xiwang Foodstuffs over 90 days. Xiwang Foodstuffs is related to or competes with INKON Life, Zhengping RoadBridge, Jiujiang Shanshui, C*Core Technology, Smartgiant Technology, SSAW Hotels, and Anhui Transport. Xiwang Foodstuffs is entity of China. It is traded as Stock on SHE exchange. More
Xiwang Foodstuffs 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 Xiwang Foodstuffs' 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 Xiwang Foodstuffs Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 16.93 | |||
| Value At Risk | (6.78) | |||
| Potential Upside | 5.05 |
Xiwang Foodstuffs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiwang Foodstuffs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiwang Foodstuffs' standard deviation. In reality, there are many statistical measures that can use Xiwang Foodstuffs historical prices to predict the future Xiwang Foodstuffs' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 4.3 |
Xiwang Foodstuffs Backtested Returns
Xiwang Foodstuffs shows Sharpe Ratio of -0.18, which attests that the company had a -0.18 % return per unit of risk over the last 3 months. Xiwang Foodstuffs exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xiwang Foodstuffs' Standard Deviation of 3.28, market risk adjusted performance of 4.31, and Mean Deviation of 2.41 to validate the risk estimate we provide. The firm maintains a market beta of -0.0982, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xiwang Foodstuffs are expected to decrease at a much lower rate. During the bear market, Xiwang Foodstuffs is likely to outperform the market. At this point, Xiwang Foodstuffs has a negative expected return of -0.51%. Please make sure to check out Xiwang Foodstuffs' treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Xiwang Foodstuffs performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Xiwang Foodstuffs Co has insignificant predictability. Overlapping area represents the amount of predictability between Xiwang Foodstuffs time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Xiwang Foodstuffs price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Xiwang Foodstuffs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Xiwang Foodstuffs lagged returns against current returns
Autocorrelation, which is Xiwang Foodstuffs 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 Xiwang Foodstuffs' stock expected returns. We can calculate the autocorrelation of Xiwang Foodstuffs returns to help us make a trade decision. For example, suppose you find that Xiwang Foodstuffs 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 |
Xiwang Foodstuffs 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 Xiwang Foodstuffs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiwang Foodstuffs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiwang Foodstuffs stock over time.
Current vs Lagged Prices |
| Timeline |
Xiwang Foodstuffs Lagged Returns
When evaluating Xiwang Foodstuffs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiwang Foodstuffs stock have on its future price. Xiwang Foodstuffs 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, Xiwang Foodstuffs autocorrelation shows the relationship between Xiwang Foodstuffs stock current value and its past values and can show if there is a momentum factor associated with investing in Xiwang Foodstuffs Co.
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.Other Information on Investing in Xiwang Stock
Xiwang Foodstuffs financial ratios help investors to determine whether Xiwang 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 Xiwang with respect to the benefits of owning Xiwang Foodstuffs security.