XiaMen HongXin's market value is the price at which a share of XiaMen HongXin trades on a public exchange. It measures the collective expectations of XiaMen HongXin Electron tech investors about its performance. XiaMen HongXin is trading at 22.66 as of the 1st of January 2025, a 6.25 percent decrease since the beginning of the trading day. The stock's open price was 24.17. With this module, you can estimate the performance of a buy and hold strategy of XiaMen HongXin Electron tech and determine expected loss or profit from investing in XiaMen HongXin over a given investment horizon. Check out XiaMen HongXin Correlation, XiaMen HongXin Volatility and XiaMen HongXin Alpha and Beta module to complement your research on XiaMen HongXin.
Please note, there is a significant difference between XiaMen HongXin's value and its price as these two are different measures arrived at by different means. Investors typically determine if XiaMen HongXin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, XiaMen HongXin'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 HongXin '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 HongXin'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 HongXin.
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01/12/2023
No Change 0.00
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In 1 year 11 months and 22 days
01/01/2025
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If you would invest 0.00 in XiaMen HongXin on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding XiaMen HongXin Electron tech or generate 0.0% return on investment in XiaMen HongXin over 720 days. XiaMen HongXin is related to or competes with Liaoning Dingjide, Yangmei Chemical, Shenyang Chemical, Aba Chemicals, Ningxia Younglight, Maoming Petro, and Soyea Technology. XiaMen HongXin is entity of China. It is traded as Stock on SHE exchange. More
XiaMen HongXin 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 HongXin'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 HongXin Electron tech 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 HongXin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XiaMen HongXin's standard deviation. In reality, there are many statistical measures that can use XiaMen HongXin historical prices to predict the future XiaMen HongXin's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as XiaMen HongXin. Your research has to be compared to or analyzed against XiaMen HongXin's peers to derive any actionable benefits. When done correctly, XiaMen HongXin'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 HongXin Electron.
XiaMen HongXin Electron Backtested Returns
XiaMen HongXin appears to be not too volatile, given 3 months investment horizon. XiaMen HongXin Electron shows Sharpe Ratio of 0.0758, which attests that the company had a 0.0758% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for XiaMen HongXin Electron, which you can use to evaluate the volatility of the company. Please utilize XiaMen HongXin's Downside Deviation of 4.34, mean deviation of 3.81, and Market Risk Adjusted Performance of 1.29 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, XiaMen HongXin holds a performance score of 5. The firm maintains a market beta of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, XiaMen HongXin's returns are expected to increase less than the market. However, during the bear market, the loss of holding XiaMen HongXin is expected to be smaller as well. Please check XiaMen HongXin's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether XiaMen HongXin's historical returns will revert.
Auto-correlation
0.24
Weak predictability
XiaMen HongXin Electron tech has weak predictability. Overlapping area represents the amount of predictability between XiaMen HongXin time series from 12th of January 2023 to 7th of January 2024 and 7th of January 2024 to 1st 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 HongXin Electron price movement. The serial correlation of 0.24 indicates that over 24.0% of current XiaMen HongXin price fluctuation can be explain by its past prices.
Correlation Coefficient
0.24
Spearman Rank Test
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Residual Average
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Price Variance
8.24
XiaMen HongXin Electron lagged returns against current returns
Autocorrelation, which is XiaMen HongXin 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 HongXin's stock expected returns. We can calculate the autocorrelation of XiaMen HongXin returns to help us make a trade decision. For example, suppose you find that XiaMen HongXin 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 HongXin 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 HongXin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XiaMen HongXin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XiaMen HongXin stock over time.
Current vs Lagged Prices
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XiaMen HongXin Lagged Returns
When evaluating XiaMen HongXin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XiaMen HongXin stock have on its future price. XiaMen HongXin 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 HongXin autocorrelation shows the relationship between XiaMen HongXin stock current value and its past values and can show if there is a momentum factor associated with investing in XiaMen HongXin Electron tech.
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 HongXin 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 HongXin security.