Xinjiang Communications (China) Market Value
| 002941 Stock | 11.72 0.02 0.17% |
| Symbol | Xinjiang |
Xinjiang Communications '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 Xinjiang Communications' 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 Xinjiang Communications.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Xinjiang Communications on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Xinjiang Communications Construction or generate 0.0% return on investment in Xinjiang Communications over 30 days. Xinjiang Communications is related to or competes with Gansu Huangtai, Masterwork Machinery, Ningbo Ligong, Bsm Chemical, National Silicon, Zhangjiagang Freetrade, and Lianhe Chemical. Xinjiang Communications is entity of China More
Xinjiang Communications 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 Xinjiang Communications' 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 Xinjiang Communications Construction upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.01 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 3.43 |
Xinjiang Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinjiang Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinjiang Communications' standard deviation. In reality, there are many statistical measures that can use Xinjiang Communications historical prices to predict the future Xinjiang Communications' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.20) |
Xinjiang Communications Backtested Returns
Xinjiang Communications shows Sharpe Ratio of -0.0576, which attests that the company had a -0.0576 % return per unit of risk over the last 3 months. Xinjiang Communications exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xinjiang Communications' Standard Deviation of 2.16, market risk adjusted performance of (0.19), and Mean Deviation of 1.64 to validate the risk estimate we provide. The firm maintains a market beta of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xinjiang Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Xinjiang Communications is expected to be smaller as well. At this point, Xinjiang Communications has a negative expected return of -0.13%. Please make sure to check out Xinjiang Communications' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Xinjiang Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Xinjiang Communications Construction has insignificant reverse predictability. Overlapping area represents the amount of predictability between Xinjiang Communications time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Xinjiang Communications price movement. The serial correlation of -0.2 indicates that over 20.0% of current Xinjiang Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Xinjiang Communications lagged returns against current returns
Autocorrelation, which is Xinjiang Communications 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 Xinjiang Communications' stock expected returns. We can calculate the autocorrelation of Xinjiang Communications returns to help us make a trade decision. For example, suppose you find that Xinjiang Communications 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 |
Xinjiang Communications 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 Xinjiang Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinjiang Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinjiang Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Xinjiang Communications Lagged Returns
When evaluating Xinjiang Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinjiang Communications stock have on its future price. Xinjiang Communications 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, Xinjiang Communications autocorrelation shows the relationship between Xinjiang Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Xinjiang Communications Construction.
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 Xinjiang Stock
Xinjiang Communications financial ratios help investors to determine whether Xinjiang 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 Xinjiang with respect to the benefits of owning Xinjiang Communications security.