Xiamen Wanli's market value is the price at which a share of Xiamen Wanli trades on a public exchange. It measures the collective expectations of Xiamen Wanli Stone investors about its performance. Xiamen Wanli is trading at 32.87 as of the 4th of January 2025, a 0.89 percent increase since the beginning of the trading day. The stock's open price was 32.58. With this module, you can estimate the performance of a buy and hold strategy of Xiamen Wanli Stone and determine expected loss or profit from investing in Xiamen Wanli over a given investment horizon. Check out Xiamen Wanli Correlation, Xiamen Wanli Volatility and Xiamen Wanli Alpha and Beta module to complement your research on Xiamen Wanli.
Please note, there is a significant difference between Xiamen Wanli's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xiamen Wanli is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xiamen Wanli'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.
Xiamen Wanli '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 Xiamen Wanli'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 Xiamen Wanli.
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11/05/2024
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In 2 months and 2 days
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If you would invest 0.00 in Xiamen Wanli on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Xiamen Wanli Stone or generate 0.0% return on investment in Xiamen Wanli over 60 days. Xiamen Wanli is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Xiamen Wanli is entity of China. It is traded as Stock on SHE exchange. More
Xiamen Wanli 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 Xiamen Wanli'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 Xiamen Wanli Stone 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 Xiamen Wanli's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen Wanli's standard deviation. In reality, there are many statistical measures that can use Xiamen Wanli historical prices to predict the future Xiamen Wanli's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Xiamen Wanli. Your research has to be compared to or analyzed against Xiamen Wanli's peers to derive any actionable benefits. When done correctly, Xiamen Wanli'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 Xiamen Wanli Stone.
Xiamen Wanli Stone Backtested Returns
Xiamen Wanli appears to be not too volatile, given 3 months investment horizon. Xiamen Wanli Stone shows Sharpe Ratio of 0.0852, which attests that the company had a 0.0852% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xiamen Wanli Stone, which you can use to evaluate the volatility of the company. Please utilize Xiamen Wanli's Mean Deviation of 2.91, downside deviation of 3.87, and Market Risk Adjusted Performance of 4.13 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiamen Wanli holds a performance score of 6. The firm maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xiamen Wanli's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xiamen Wanli is expected to be smaller as well. Please check Xiamen Wanli's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Xiamen Wanli's historical returns will revert.
Auto-correlation
0.14
Insignificant predictability
Xiamen Wanli Stone has insignificant predictability. Overlapping area represents the amount of predictability between Xiamen Wanli time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Xiamen Wanli Stone price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Xiamen Wanli price fluctuation can be explain by its past prices.
Correlation Coefficient
0.14
Spearman Rank Test
0.43
Residual Average
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Price Variance
0.49
Xiamen Wanli Stone lagged returns against current returns
Autocorrelation, which is Xiamen Wanli 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 Xiamen Wanli's stock expected returns. We can calculate the autocorrelation of Xiamen Wanli returns to help us make a trade decision. For example, suppose you find that Xiamen Wanli 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
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Xiamen Wanli 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 Xiamen Wanli stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen Wanli stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen Wanli stock over time.
Current vs Lagged Prices
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Xiamen Wanli Lagged Returns
When evaluating Xiamen Wanli's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen Wanli stock have on its future price. Xiamen Wanli 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, Xiamen Wanli autocorrelation shows the relationship between Xiamen Wanli stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen Wanli Stone.
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.
Xiamen Wanli financial ratios help investors to determine whether Xiamen 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 Xiamen with respect to the benefits of owning Xiamen Wanli security.