Xiangtan Electrochemical (China) Market Value
| 002125 Stock | 11.62 0.04 0.34% |
| Symbol | Xiangtan |
Xiangtan Electrochemical '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 Xiangtan Electrochemical'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 Xiangtan Electrochemical.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Xiangtan Electrochemical on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Xiangtan Electrochemical Scientific or generate 0.0% return on investment in Xiangtan Electrochemical over 30 days. Xiangtan Electrochemical is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Rongsheng Petrochemical, and Hoshine Silicon. Xiangtan Electrochemical is entity of China More
Xiangtan Electrochemical 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 Xiangtan Electrochemical'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 Xiangtan Electrochemical Scientific upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.1089 | |||
| Maximum Drawdown | 20.09 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 5.63 |
Xiangtan Electrochemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiangtan Electrochemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiangtan Electrochemical's standard deviation. In reality, there are many statistical measures that can use Xiangtan Electrochemical historical prices to predict the future Xiangtan Electrochemical's volatility.| Risk Adjusted Performance | 0.1137 | |||
| Jensen Alpha | 0.5109 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1319 | |||
| Treynor Ratio | (1.47) |
Xiangtan Electrochemical Backtested Returns
Xiangtan Electrochemical appears to be somewhat reliable, given 3 months investment horizon. Xiangtan Electrochemical shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. By examining Xiangtan Electrochemical's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Xiangtan Electrochemical's Mean Deviation of 2.42, market risk adjusted performance of (1.46), and Downside Deviation of 2.73 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiangtan Electrochemical holds a performance score of 13. The firm maintains a market beta of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xiangtan Electrochemical are expected to decrease at a much lower rate. During the bear market, Xiangtan Electrochemical is likely to outperform the market. Please check Xiangtan Electrochemical's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Xiangtan Electrochemical's historical returns will revert.
Auto-correlation | -0.58 |
Good reverse predictability
Xiangtan Electrochemical Scientific has good reverse predictability. Overlapping area represents the amount of predictability between Xiangtan Electrochemical time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Xiangtan Electrochemical price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Xiangtan Electrochemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Xiangtan Electrochemical lagged returns against current returns
Autocorrelation, which is Xiangtan Electrochemical 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 Xiangtan Electrochemical's stock expected returns. We can calculate the autocorrelation of Xiangtan Electrochemical returns to help us make a trade decision. For example, suppose you find that Xiangtan Electrochemical 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 |
Xiangtan Electrochemical 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 Xiangtan Electrochemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiangtan Electrochemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiangtan Electrochemical stock over time.
Current vs Lagged Prices |
| Timeline |
Xiangtan Electrochemical Lagged Returns
When evaluating Xiangtan Electrochemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiangtan Electrochemical stock have on its future price. Xiangtan Electrochemical 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, Xiangtan Electrochemical autocorrelation shows the relationship between Xiangtan Electrochemical stock current value and its past values and can show if there is a momentum factor associated with investing in Xiangtan Electrochemical Scientific.
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 Xiangtan Stock
Xiangtan Electrochemical financial ratios help investors to determine whether Xiangtan 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 Xiangtan with respect to the benefits of owning Xiangtan Electrochemical security.