Sanxiang Advanced (China) Market Value

603663 Stock   16.42  0.24  1.48%   
Sanxiang Advanced's market value is the price at which a share of Sanxiang Advanced trades on a public exchange. It measures the collective expectations of Sanxiang Advanced Materials investors about its performance. Sanxiang Advanced is trading at 16.42 as of the 22nd of December 2024, a 1.48 percent up since the beginning of the trading day. The stock's open price was 16.18.
With this module, you can estimate the performance of a buy and hold strategy of Sanxiang Advanced Materials and determine expected loss or profit from investing in Sanxiang Advanced over a given investment horizon. Check out Sanxiang Advanced Correlation, Sanxiang Advanced Volatility and Sanxiang Advanced Alpha and Beta module to complement your research on Sanxiang Advanced.
Symbol

Please note, there is a significant difference between Sanxiang Advanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sanxiang Advanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sanxiang Advanced'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.

Sanxiang Advanced '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 Sanxiang Advanced'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 Sanxiang Advanced.
0.00
10/23/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/22/2024
0.00
If you would invest  0.00  in Sanxiang Advanced on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Sanxiang Advanced Materials or generate 0.0% return on investment in Sanxiang Advanced over 60 days. Sanxiang Advanced is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Sanxiang Advanced is entity of China. It is traded as Stock on SHG exchange. More

Sanxiang Advanced 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 Sanxiang Advanced'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 Sanxiang Advanced Materials upside and downside potential and time the market with a certain degree of confidence.

Sanxiang Advanced Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanxiang Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanxiang Advanced's standard deviation. In reality, there are many statistical measures that can use Sanxiang Advanced historical prices to predict the future Sanxiang Advanced's volatility.
Hype
Prediction
LowEstimatedHigh
12.6616.6120.56
Details
Intrinsic
Valuation
LowRealHigh
9.8413.7917.74
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sanxiang Advanced. Your research has to be compared to or analyzed against Sanxiang Advanced's peers to derive any actionable benefits. When done correctly, Sanxiang Advanced'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 Sanxiang Advanced.

Sanxiang Advanced Backtested Returns

Sanxiang Advanced appears to be somewhat reliable, given 3 months investment horizon. Sanxiang Advanced owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sanxiang Advanced Materials, which you can use to evaluate the volatility of the company. Please review Sanxiang Advanced's Coefficient Of Variation of 1518.76, semi deviation of 3.48, and Risk Adjusted Performance of 0.0601 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sanxiang Advanced holds a performance score of 8. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sanxiang Advanced are expected to decrease at a much lower rate. During the bear market, Sanxiang Advanced is likely to outperform the market. Please check Sanxiang Advanced's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sanxiang Advanced's existing price patterns will revert.

Auto-correlation

    
  -0.47  

Modest reverse predictability

Sanxiang Advanced Materials has modest reverse predictability. Overlapping area represents the amount of predictability between Sanxiang Advanced time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Sanxiang Advanced price movement. The serial correlation of -0.47 indicates that about 47.0% of current Sanxiang Advanced price fluctuation can be explain by its past prices.
Correlation Coefficient-0.47
Spearman Rank Test-0.55
Residual Average0.0
Price Variance0.41

Sanxiang Advanced lagged returns against current returns

Autocorrelation, which is Sanxiang Advanced 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 Sanxiang Advanced's stock expected returns. We can calculate the autocorrelation of Sanxiang Advanced returns to help us make a trade decision. For example, suppose you find that Sanxiang Advanced 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  

Sanxiang Advanced 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 Sanxiang Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanxiang Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanxiang Advanced stock over time.
   Current vs Lagged Prices   
       Timeline  

Sanxiang Advanced Lagged Returns

When evaluating Sanxiang Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanxiang Advanced stock have on its future price. Sanxiang Advanced 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, Sanxiang Advanced autocorrelation shows the relationship between Sanxiang Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Sanxiang Advanced Materials.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Sanxiang Stock

Sanxiang Advanced financial ratios help investors to determine whether Sanxiang 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 Sanxiang with respect to the benefits of owning Sanxiang Advanced security.