HaiXin Foods (China) Market Value
| 002702 Stock | 4.26 0.05 1.16% |
| Symbol | HaiXin |
HaiXin Foods '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 HaiXin Foods' 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 HaiXin Foods.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in HaiXin Foods on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding HaiXin Foods Co or generate 0.0% return on investment in HaiXin Foods over 90 days. HaiXin Foods is related to or competes with Zhengzhou Coal, Qingdao Choho, Time Publishing, Guangzhou Haozhi, Duzhe Publishing, Chinese Universe, and Western Metal. HaiXin Foods is entity of China. It is traded as Stock on SHE exchange. More
HaiXin Foods 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 HaiXin Foods' 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 HaiXin Foods Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0024 | |||
| Maximum Drawdown | 20.1 | |||
| Value At Risk | (7.17) | |||
| Potential Upside | 9.98 |
HaiXin Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HaiXin Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HaiXin Foods' standard deviation. In reality, there are many statistical measures that can use HaiXin Foods historical prices to predict the future HaiXin Foods' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.3649 | |||
| Treynor Ratio | 0.1995 |
HaiXin Foods Backtested Returns
HaiXin Foods holds Efficiency (Sharpe) Ratio of -0.0669, which attests that the entity had a -0.0669 % return per unit of risk over the last 3 months. HaiXin Foods exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HaiXin Foods' Risk Adjusted Performance of (0.01), standard deviation of 4.11, and Market Risk Adjusted Performance of 0.2095 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning HaiXin Foods are expected to decrease at a much lower rate. During the bear market, HaiXin Foods is likely to outperform the market. At this point, HaiXin Foods has a negative expected return of -0.2%. Please make sure to check out HaiXin Foods' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if HaiXin Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
HaiXin Foods Co has weak reverse predictability. Overlapping area represents the amount of predictability between HaiXin Foods time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 HaiXin Foods price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current HaiXin Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
HaiXin Foods lagged returns against current returns
Autocorrelation, which is HaiXin Foods 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 HaiXin Foods' stock expected returns. We can calculate the autocorrelation of HaiXin Foods returns to help us make a trade decision. For example, suppose you find that HaiXin Foods 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 |
HaiXin Foods 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 HaiXin Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HaiXin Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HaiXin Foods stock over time.
Current vs Lagged Prices |
| Timeline |
HaiXin Foods Lagged Returns
When evaluating HaiXin Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HaiXin Foods stock have on its future price. HaiXin Foods 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, HaiXin Foods autocorrelation shows the relationship between HaiXin Foods stock current value and its past values and can show if there is a momentum factor associated with investing in HaiXin Foods Co.
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 HaiXin Stock
HaiXin Foods financial ratios help investors to determine whether HaiXin 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 HaiXin with respect to the benefits of owning HaiXin Foods security.