Kangxin New (China) Market Value
| 600076 Stock | 2.27 0.04 1.73% |
| Symbol | Kangxin |
Kangxin New '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 Kangxin New'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 Kangxin New.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Kangxin New on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Kangxin New Materials or generate 0.0% return on investment in Kangxin New over 90 days. Kangxin New is related to or competes with Heilongjiang Publishing, Northern United, CareRay Digital, BrightGene Bio, Chison Medical, Touchstone International, and Tinavi Medical. Kangxin New is entity of China. It is traded as Stock on SHG exchange. More
Kangxin New 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 Kangxin New'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 Kangxin New Materials upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 20.37 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 4.79 |
Kangxin New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kangxin New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kangxin New's standard deviation. In reality, there are many statistical measures that can use Kangxin New historical prices to predict the future Kangxin New's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.2045 | |||
| Treynor Ratio | (1.04) |
Kangxin New Materials Backtested Returns
Kangxin New Materials has Sharpe Ratio of -0.033, which conveys that the firm had a -0.033 % return per unit of risk over the last 3 months. Kangxin New exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kangxin New's Standard Deviation of 3.37, risk adjusted performance of (0.03), and Mean Deviation of 2.23 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kangxin New's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kangxin New is expected to be smaller as well. At this point, Kangxin New Materials has a negative expected return of -0.11%. Please make sure to verify Kangxin New's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Kangxin New Materials performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.65 |
Very good reverse predictability
Kangxin New Materials has very good reverse predictability. Overlapping area represents the amount of predictability between Kangxin New 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 Kangxin New Materials price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Kangxin New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Kangxin New Materials lagged returns against current returns
Autocorrelation, which is Kangxin New 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 Kangxin New's stock expected returns. We can calculate the autocorrelation of Kangxin New returns to help us make a trade decision. For example, suppose you find that Kangxin New 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 |
Kangxin New 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 Kangxin New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kangxin New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kangxin New stock over time.
Current vs Lagged Prices |
| Timeline |
Kangxin New Lagged Returns
When evaluating Kangxin New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kangxin New stock have on its future price. Kangxin New 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, Kangxin New autocorrelation shows the relationship between Kangxin New stock current value and its past values and can show if there is a momentum factor associated with investing in Kangxin New Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Kangxin Stock
Kangxin New financial ratios help investors to determine whether Kangxin 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 Kangxin with respect to the benefits of owning Kangxin New security.