XiAn Dagang's market value is the price at which a share of XiAn Dagang trades on a public exchange. It measures the collective expectations of XiAn Dagang Road investors about its performance. XiAn Dagang is trading at 6.22 as of the 2nd of January 2025, a 1.11% down since the beginning of the trading day. The stock's open price was 6.29. With this module, you can estimate the performance of a buy and hold strategy of XiAn Dagang Road and determine expected loss or profit from investing in XiAn Dagang over a given investment horizon. Check out XiAn Dagang Correlation, XiAn Dagang Volatility and XiAn Dagang Alpha and Beta module to complement your research on XiAn Dagang.
Please note, there is a significant difference between XiAn Dagang's value and its price as these two are different measures arrived at by different means. Investors typically determine if XiAn Dagang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, XiAn Dagang'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.
XiAn Dagang '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 XiAn Dagang'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 XiAn Dagang.
0.00
01/13/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/02/2025
0.00
If you would invest 0.00 in XiAn Dagang on January 13, 2023 and sell it all today you would earn a total of 0.00 from holding XiAn Dagang Road or generate 0.0% return on investment in XiAn Dagang over 720 days. XiAn Dagang is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. XiAn Dagang is entity of China. It is traded as Stock on SHE exchange. More
XiAn Dagang 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 XiAn Dagang'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 XiAn Dagang Road 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 XiAn Dagang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XiAn Dagang's standard deviation. In reality, there are many statistical measures that can use XiAn Dagang historical prices to predict the future XiAn Dagang's volatility.
XiAn Dagang Road retains Efficiency (Sharpe Ratio) of -0.0101, which attests that the company had a -0.0101% return per unit of volatility over the last 3 months. XiAn Dagang exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out XiAn Dagang's Mean Deviation of 3.61, standard deviation of 5.12, and Market Risk Adjusted Performance of 1.59 to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, XiAn Dagang's returns are expected to increase less than the market. However, during the bear market, the loss of holding XiAn Dagang is expected to be smaller as well. At this point, XiAn Dagang Road has a negative expected return of -0.0478%. Please make sure to check out XiAn Dagang's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if XiAn Dagang Road performance from the past will be repeated at some point in the near future.
Auto-correlation
0.08
Virtually no predictability
XiAn Dagang Road has virtually no predictability. Overlapping area represents the amount of predictability between XiAn Dagang time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd 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 XiAn Dagang Road price movement. The serial correlation of 0.08 indicates that barely 8.0% of current XiAn Dagang price fluctuation can be explain by its past prices.
Correlation Coefficient
0.08
Spearman Rank Test
-0.13
Residual Average
0.0
Price Variance
2.15
XiAn Dagang Road lagged returns against current returns
Autocorrelation, which is XiAn Dagang 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 XiAn Dagang's stock expected returns. We can calculate the autocorrelation of XiAn Dagang returns to help us make a trade decision. For example, suppose you find that XiAn Dagang 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
XiAn Dagang 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 XiAn Dagang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XiAn Dagang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XiAn Dagang stock over time.
Current vs Lagged Prices
Timeline
XiAn Dagang Lagged Returns
When evaluating XiAn Dagang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XiAn Dagang stock have on its future price. XiAn Dagang 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, XiAn Dagang autocorrelation shows the relationship between XiAn Dagang stock current value and its past values and can show if there is a momentum factor associated with investing in XiAn Dagang Road.
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.
XiAn Dagang financial ratios help investors to determine whether XiAn 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 XiAn with respect to the benefits of owning XiAn Dagang security.