WuXi AppTec (China) Market Value
| 603259 Stock | 50.14 0.74 1.50% |
| Symbol | WuXi |
WuXi AppTec '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 WuXi AppTec'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 WuXi AppTec.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in WuXi AppTec on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding WuXi AppTec Co or generate 0.0% return on investment in WuXi AppTec over 90 days. WuXi AppTec is related to or competes with Ningbo Homelink, Xilinmen Furniture, Chengdu Spaceon, Shanghai CEO, Mengtian Home, and Der International. WuXi AppTec is entity of China. It is traded as Stock on SHG exchange. More
WuXi AppTec 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 WuXi AppTec'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 WuXi AppTec Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | 0.0954 | |||
| Maximum Drawdown | 16.34 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 5.7 |
WuXi AppTec Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WuXi AppTec's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WuXi AppTec's standard deviation. In reality, there are many statistical measures that can use WuXi AppTec historical prices to predict the future WuXi AppTec's volatility.| Risk Adjusted Performance | 0.1136 | |||
| Jensen Alpha | 0.3969 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.1064 | |||
| Treynor Ratio | 1.65 |
WuXi AppTec Backtested Returns
WuXi AppTec appears to be very steady, given 3 months investment horizon. WuXi AppTec shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. By examining WuXi AppTec's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize WuXi AppTec's Mean Deviation of 2.25, downside deviation of 2.84, and Market Risk Adjusted Performance of 1.66 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WuXi AppTec holds a performance score of 12. The firm maintains a market beta of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WuXi AppTec's returns are expected to increase less than the market. However, during the bear market, the loss of holding WuXi AppTec is expected to be smaller as well. Please check WuXi AppTec's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether WuXi AppTec's historical returns will revert.
Auto-correlation | 0.31 |
Below average predictability
WuXi AppTec Co has below average predictability. Overlapping area represents the amount of predictability between WuXi AppTec time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 WuXi AppTec price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current WuXi AppTec price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 5.81 |
WuXi AppTec lagged returns against current returns
Autocorrelation, which is WuXi AppTec 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 WuXi AppTec's stock expected returns. We can calculate the autocorrelation of WuXi AppTec returns to help us make a trade decision. For example, suppose you find that WuXi AppTec 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 |
WuXi AppTec 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 WuXi AppTec stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WuXi AppTec stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WuXi AppTec stock over time.
Current vs Lagged Prices |
| Timeline |
WuXi AppTec Lagged Returns
When evaluating WuXi AppTec's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WuXi AppTec stock have on its future price. WuXi AppTec 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, WuXi AppTec autocorrelation shows the relationship between WuXi AppTec stock current value and its past values and can show if there is a momentum factor associated with investing in WuXi AppTec Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in WuXi Stock
WuXi AppTec financial ratios help investors to determine whether WuXi 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 WuXi with respect to the benefits of owning WuXi AppTec security.