Xiamen ITG (China) Market Value
| 600755 Stock | 6.63 0.05 0.75% |
| Symbol | Xiamen |
Xiamen ITG '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 ITG'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 ITG.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Xiamen ITG on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Xiamen ITG Group or generate 0.0% return on investment in Xiamen ITG over 30 days. Xiamen ITG is related to or competes with BeiGene, Kweichow Moutai, Beijing Roborock, G Bits, China Mobile, Jiangsu Bioperfectus, and Changchun High. Xiamen ITG is entity of China. It is traded as Stock on SHG exchange. More
Xiamen ITG 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 ITG'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 ITG Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | 0.1136 | |||
| Maximum Drawdown | 17.85 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 4.99 |
Xiamen ITG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiamen ITG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen ITG's standard deviation. In reality, there are many statistical measures that can use Xiamen ITG historical prices to predict the future Xiamen ITG's volatility.| Risk Adjusted Performance | 0.1071 | |||
| Jensen Alpha | 0.3141 | |||
| Total Risk Alpha | 0.2349 | |||
| Sortino Ratio | 0.1104 | |||
| Treynor Ratio | (0.69) |
Xiamen ITG Group Backtested Returns
Xiamen ITG appears to be somewhat reliable, given 3 months investment horizon. Xiamen ITG Group shows Sharpe Ratio of 0.1, which attests that the company had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xiamen ITG Group, which you can use to evaluate the volatility of the company. Please utilize Xiamen ITG's Mean Deviation of 1.62, downside deviation of 2.56, and Market Risk Adjusted Performance of (0.68) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiamen ITG holds a performance score of 7. The firm maintains a market beta of -0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xiamen ITG are expected to decrease at a much lower rate. During the bear market, Xiamen ITG is likely to outperform the market. Please check Xiamen ITG's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Xiamen ITG's historical returns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Xiamen ITG Group has good reverse predictability. Overlapping area represents the amount of predictability between Xiamen ITG time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st of December 2024. 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 ITG Group price movement. The serial correlation of -0.51 indicates that about 51.0% of current Xiamen ITG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Xiamen ITG Group lagged returns against current returns
Autocorrelation, which is Xiamen ITG 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 ITG's stock expected returns. We can calculate the autocorrelation of Xiamen ITG returns to help us make a trade decision. For example, suppose you find that Xiamen ITG 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 ITG 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 ITG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen ITG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen ITG stock over time.
Current vs Lagged Prices |
| Timeline |
Xiamen ITG Lagged Returns
When evaluating Xiamen ITG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen ITG stock have on its future price. Xiamen ITG 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 ITG autocorrelation shows the relationship between Xiamen ITG stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen ITG Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xiamen Stock
Xiamen ITG 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 ITG security.