Xinxiang Chemical (China) Market Value

000949 Stock   4.83  0.03  0.62%   
Xinxiang Chemical's market value is the price at which a share of Xinxiang Chemical trades on a public exchange. It measures the collective expectations of Xinxiang Chemical Fiber investors about its performance. Xinxiang Chemical is trading at 4.83 as of the 16th of March 2025, a 0.62 percent decrease since the beginning of the trading day. The stock's open price was 4.86.
With this module, you can estimate the performance of a buy and hold strategy of Xinxiang Chemical Fiber and determine expected loss or profit from investing in Xinxiang Chemical over a given investment horizon. Check out Xinxiang Chemical Correlation, Xinxiang Chemical Volatility and Xinxiang Chemical Alpha and Beta module to complement your research on Xinxiang Chemical.
Symbol

Please note, there is a significant difference between Xinxiang Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xinxiang Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xinxiang Chemical'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.

Xinxiang Chemical '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 Xinxiang Chemical'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 Xinxiang Chemical.
0.00
12/16/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/16/2025
0.00
If you would invest  0.00  in Xinxiang Chemical on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Xinxiang Chemical Fiber or generate 0.0% return on investment in Xinxiang Chemical over 90 days. Xinxiang Chemical is related to or competes with Olympic Circuit, China Sports, Heilongjiang Transport, ISoftStone Information, ROPEOK Technology, Keeson Technology, and Smartgiant Technology. More

Xinxiang Chemical 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 Xinxiang Chemical'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 Xinxiang Chemical Fiber upside and downside potential and time the market with a certain degree of confidence.

Xinxiang Chemical Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinxiang Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinxiang Chemical's standard deviation. In reality, there are many statistical measures that can use Xinxiang Chemical historical prices to predict the future Xinxiang Chemical's volatility.
Hype
Prediction
LowEstimatedHigh
2.164.837.50
Details
Intrinsic
Valuation
LowRealHigh
1.193.866.53
Details
Naive
Forecast
LowNextHigh
2.385.067.73
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3.814.394.98
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Xinxiang Chemical. Your research has to be compared to or analyzed against Xinxiang Chemical's peers to derive any actionable benefits. When done correctly, Xinxiang Chemical'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 Xinxiang Chemical Fiber.

Xinxiang Chemical Fiber Backtested Returns

Xinxiang Chemical Fiber shows Sharpe Ratio of close to zero, which attests that the company had a close to zero % return per unit of risk over the last 3 months. Xinxiang Chemical Fiber exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xinxiang Chemical's Mean Deviation of 1.93, standard deviation of 2.67, and Market Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The firm maintains a market beta of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xinxiang Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xinxiang Chemical is expected to be smaller as well. At this point, Xinxiang Chemical Fiber has a negative expected return of -0.0067%. Please make sure to check out Xinxiang Chemical's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Xinxiang Chemical Fiber performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.37  

Poor reverse predictability

Xinxiang Chemical Fiber has poor reverse predictability. Overlapping area represents the amount of predictability between Xinxiang Chemical time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Xinxiang Chemical Fiber price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Xinxiang Chemical price fluctuation can be explain by its past prices.
Correlation Coefficient-0.37
Spearman Rank Test-0.56
Residual Average0.0
Price Variance0.07

Xinxiang Chemical Fiber lagged returns against current returns

Autocorrelation, which is Xinxiang Chemical 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 Xinxiang Chemical's stock expected returns. We can calculate the autocorrelation of Xinxiang Chemical returns to help us make a trade decision. For example, suppose you find that Xinxiang Chemical 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  

Xinxiang Chemical 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 Xinxiang Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinxiang Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinxiang Chemical stock over time.
   Current vs Lagged Prices   
       Timeline  

Xinxiang Chemical Lagged Returns

When evaluating Xinxiang Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinxiang Chemical stock have on its future price. Xinxiang Chemical 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, Xinxiang Chemical autocorrelation shows the relationship between Xinxiang Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Xinxiang Chemical Fiber.
   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.

Other Information on Investing in Xinxiang Stock

Xinxiang Chemical financial ratios help investors to determine whether Xinxiang 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 Xinxiang with respect to the benefits of owning Xinxiang Chemical security.