Xiangpiaopiao Food (China) Market Value
| 603711 Stock | 16.38 1.00 6.50% |
| Symbol | Xiangpiaopiao |
Xiangpiaopiao Food '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 Xiangpiaopiao Food'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 Xiangpiaopiao Food.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Xiangpiaopiao Food on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Xiangpiaopiao Food Co or generate 0.0% return on investment in Xiangpiaopiao Food over 30 days. Xiangpiaopiao Food is related to or competes with Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, Shandong Ruifeng, and Jiangsu Seagull. Xiangpiaopiao Food is entity of China. It is traded as Stock on SHG exchange. More
Xiangpiaopiao Food 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 Xiangpiaopiao Food'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 Xiangpiaopiao Food Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.68 | |||
| Information Ratio | 0.1575 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (5.47) | |||
| Potential Upside | 8.36 |
Xiangpiaopiao Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiangpiaopiao Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiangpiaopiao Food's standard deviation. In reality, there are many statistical measures that can use Xiangpiaopiao Food historical prices to predict the future Xiangpiaopiao Food's volatility.| Risk Adjusted Performance | 0.1388 | |||
| Jensen Alpha | 0.6983 | |||
| Total Risk Alpha | 0.5931 | |||
| Sortino Ratio | 0.1888 | |||
| Treynor Ratio | 0.8738 |
Xiangpiaopiao Food Backtested Returns
Xiangpiaopiao Food appears to be somewhat reliable, given 3 months investment horizon. Xiangpiaopiao Food shows Sharpe Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. By examining Xiangpiaopiao Food's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please utilize Xiangpiaopiao Food's Downside Deviation of 3.68, mean deviation of 3.44, and Market Risk Adjusted Performance of 0.8838 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiangpiaopiao Food holds a performance score of 14. The firm maintains a market beta of 0.82, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xiangpiaopiao Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xiangpiaopiao Food is expected to be smaller as well. Please check Xiangpiaopiao Food's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Xiangpiaopiao Food's historical returns will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Xiangpiaopiao Food Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Xiangpiaopiao Food time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 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 Xiangpiaopiao Food price movement. The serial correlation of -0.71 indicates that around 71.0% of current Xiangpiaopiao Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Xiangpiaopiao Food lagged returns against current returns
Autocorrelation, which is Xiangpiaopiao Food 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 Xiangpiaopiao Food's stock expected returns. We can calculate the autocorrelation of Xiangpiaopiao Food returns to help us make a trade decision. For example, suppose you find that Xiangpiaopiao Food 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 |
Xiangpiaopiao Food 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 Xiangpiaopiao Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiangpiaopiao Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiangpiaopiao Food stock over time.
Current vs Lagged Prices |
| Timeline |
Xiangpiaopiao Food Lagged Returns
When evaluating Xiangpiaopiao Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiangpiaopiao Food stock have on its future price. Xiangpiaopiao Food 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, Xiangpiaopiao Food autocorrelation shows the relationship between Xiangpiaopiao Food stock current value and its past values and can show if there is a momentum factor associated with investing in Xiangpiaopiao Food Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xiangpiaopiao Stock
Xiangpiaopiao Food financial ratios help investors to determine whether Xiangpiaopiao 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 Xiangpiaopiao with respect to the benefits of owning Xiangpiaopiao Food security.