Xinyaqiang Silicon (China) Market Value
| 603155 Stock | 13.20 0.95 7.76% |
| Symbol | Xinyaqiang |
Xinyaqiang Silicon '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 Xinyaqiang Silicon'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 Xinyaqiang Silicon.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Xinyaqiang Silicon on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Xinyaqiang Silicon Chemistry or generate 0.0% return on investment in Xinyaqiang Silicon over 60 days. Xinyaqiang Silicon is related to or competes with Shanghai Ziyan, Humanwell Healthcare, Anhui Huaren, V V, Goodwill E, Ligao Foods, and Heren Health. Xinyaqiang Silicon is entity of China. It is traded as Stock on SHG exchange. More
Xinyaqiang Silicon 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 Xinyaqiang Silicon'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 Xinyaqiang Silicon Chemistry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | 0.0857 | |||
| Maximum Drawdown | 17.66 | |||
| Value At Risk | (4.80) | |||
| Potential Upside | 6.12 |
Xinyaqiang Silicon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinyaqiang Silicon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinyaqiang Silicon's standard deviation. In reality, there are many statistical measures that can use Xinyaqiang Silicon historical prices to predict the future Xinyaqiang Silicon's volatility.| Risk Adjusted Performance | 0.0824 | |||
| Jensen Alpha | 0.3071 | |||
| Total Risk Alpha | 0.2557 | |||
| Sortino Ratio | 0.0933 | |||
| Treynor Ratio | 3.75 |
Xinyaqiang Silicon Backtested Returns
Xinyaqiang Silicon shows Sharpe Ratio of -0.0057, which attests that the company had a -0.0057% return per unit of risk over the last 3 months. Xinyaqiang Silicon exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xinyaqiang Silicon's Mean Deviation of 2.47, downside deviation of 3.17, and Market Risk Adjusted Performance of 3.76 to validate the risk estimate we provide. The firm maintains a market beta of 0.0822, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xinyaqiang Silicon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xinyaqiang Silicon is expected to be smaller as well. At this point, Xinyaqiang Silicon has a negative expected return of -0.0195%. Please make sure to check out Xinyaqiang Silicon's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Xinyaqiang Silicon performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Xinyaqiang Silicon Chemistry has insignificant predictability. Overlapping area represents the amount of predictability between Xinyaqiang Silicon time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Xinyaqiang Silicon price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Xinyaqiang Silicon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Xinyaqiang Silicon lagged returns against current returns
Autocorrelation, which is Xinyaqiang Silicon 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 Xinyaqiang Silicon's stock expected returns. We can calculate the autocorrelation of Xinyaqiang Silicon returns to help us make a trade decision. For example, suppose you find that Xinyaqiang Silicon 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 |
Xinyaqiang Silicon 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 Xinyaqiang Silicon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinyaqiang Silicon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinyaqiang Silicon stock over time.
Current vs Lagged Prices |
| Timeline |
Xinyaqiang Silicon Lagged Returns
When evaluating Xinyaqiang Silicon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinyaqiang Silicon stock have on its future price. Xinyaqiang Silicon 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, Xinyaqiang Silicon autocorrelation shows the relationship between Xinyaqiang Silicon stock current value and its past values and can show if there is a momentum factor associated with investing in Xinyaqiang Silicon Chemistry.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xinyaqiang Stock
Xinyaqiang Silicon financial ratios help investors to determine whether Xinyaqiang 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 Xinyaqiang with respect to the benefits of owning Xinyaqiang Silicon security.