Xiamen Faratronic's market value is the price at which a share of Xiamen Faratronic trades on a public exchange. It measures the collective expectations of Xiamen Faratronic Co investors about its performance. Xiamen Faratronic is trading at 117.70 as of the 7th of January 2025, a 0.33 percent increase since the beginning of the trading day. The stock's open price was 117.31. With this module, you can estimate the performance of a buy and hold strategy of Xiamen Faratronic Co and determine expected loss or profit from investing in Xiamen Faratronic over a given investment horizon. Check out Xiamen Faratronic Correlation, Xiamen Faratronic Volatility and Xiamen Faratronic Alpha and Beta module to complement your research on Xiamen Faratronic.
Please note, there is a significant difference between Xiamen Faratronic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xiamen Faratronic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xiamen Faratronic'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 Faratronic '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 Faratronic'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 Faratronic.
0.00
12/08/2024
No Change 0.00
0.0
In 31 days
01/07/2025
0.00
If you would invest 0.00 in Xiamen Faratronic on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Xiamen Faratronic Co or generate 0.0% return on investment in Xiamen Faratronic over 30 days. Xiamen Faratronic is related to or competes with Sinomach General, Zhongshan Broad, Huasi Agricultural, Long Yuan, Anshan Senyuan, Shenzhen Topway, and Ningbo Ligong. Xiamen Faratronic is entity of China. It is traded as Stock on SHG exchange. More
Xiamen Faratronic 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 Faratronic'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 Faratronic Co 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 Faratronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen Faratronic's standard deviation. In reality, there are many statistical measures that can use Xiamen Faratronic historical prices to predict the future Xiamen Faratronic's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Xiamen Faratronic. Your research has to be compared to or analyzed against Xiamen Faratronic's peers to derive any actionable benefits. When done correctly, Xiamen Faratronic'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 Faratronic.
Xiamen Faratronic Backtested Returns
Xiamen Faratronic appears to be very steady, given 3 months investment horizon. Xiamen Faratronic shows Sharpe Ratio of 0.0805, which attests that the company had a 0.0805% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Xiamen Faratronic, which you can use to evaluate the volatility of the company. Please utilize Xiamen Faratronic's Downside Deviation of 2.8, mean deviation of 2.13, and Market Risk Adjusted Performance of 25.85 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiamen Faratronic holds a performance score of 6. The firm maintains a market beta of 0.0137, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xiamen Faratronic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xiamen Faratronic is expected to be smaller as well. Please check Xiamen Faratronic's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Xiamen Faratronic's historical returns will revert.
Auto-correlation
0.18
Very weak predictability
Xiamen Faratronic Co has very weak predictability. Overlapping area represents the amount of predictability between Xiamen Faratronic time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 Faratronic price movement. The serial correlation of 0.18 indicates that over 18.0% of current Xiamen Faratronic price fluctuation can be explain by its past prices.
Correlation Coefficient
0.18
Spearman Rank Test
0.41
Residual Average
0.0
Price Variance
1.36
Xiamen Faratronic lagged returns against current returns
Autocorrelation, which is Xiamen Faratronic 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 Faratronic's stock expected returns. We can calculate the autocorrelation of Xiamen Faratronic returns to help us make a trade decision. For example, suppose you find that Xiamen Faratronic 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
Xiamen Faratronic 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 Faratronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen Faratronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen Faratronic stock over time.
Current vs Lagged Prices
Timeline
Xiamen Faratronic Lagged Returns
When evaluating Xiamen Faratronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen Faratronic stock have on its future price. Xiamen Faratronic 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 Faratronic autocorrelation shows the relationship between Xiamen Faratronic stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen Faratronic Co.
Xiamen Faratronic 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 Faratronic security.