Xingguang Agricultural (China) Market Value
| 603789 Stock | 7.21 0.10 1.41% |
| Symbol | Xingguang |
Xingguang Agricultural '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 Xingguang Agricultural'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 Xingguang Agricultural.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Xingguang Agricultural on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Xingguang Agricultural Mach or generate 0.0% return on investment in Xingguang Agricultural over 90 days. Xingguang Agricultural is related to or competes with Guangzhou Boji, New Hope, Jiamei Food, Xiangpiaopiao Food, Chison Medical, Fujian Anjoy, and JuneYao Dairy. Xingguang Agricultural is entity of China More
Xingguang Agricultural 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 Xingguang Agricultural'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 Xingguang Agricultural Mach upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (8.04) | |||
| Potential Upside | 9.97 |
Xingguang Agricultural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xingguang Agricultural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xingguang Agricultural's standard deviation. In reality, there are many statistical measures that can use Xingguang Agricultural historical prices to predict the future Xingguang Agricultural's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | 0.2263 | |||
| Treynor Ratio | (1.82) |
Xingguang Agricultural Backtested Returns
Xingguang Agricultural shows Sharpe Ratio of -0.0978, which attests that the company had a -0.0978 % return per unit of risk over the last 3 months. Xingguang Agricultural exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xingguang Agricultural's Standard Deviation of 4.58, market risk adjusted performance of (1.81), and Mean Deviation of 3.39 to validate the risk estimate we provide. The firm maintains a market beta of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xingguang Agricultural's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xingguang Agricultural is expected to be smaller as well. At this point, Xingguang Agricultural has a negative expected return of -0.46%. Please make sure to check out Xingguang Agricultural's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Xingguang Agricultural performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Xingguang Agricultural Mach has very good reverse predictability. Overlapping area represents the amount of predictability between Xingguang Agricultural time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Xingguang Agricultural price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Xingguang Agricultural price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
Xingguang Agricultural lagged returns against current returns
Autocorrelation, which is Xingguang Agricultural 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 Xingguang Agricultural's stock expected returns. We can calculate the autocorrelation of Xingguang Agricultural returns to help us make a trade decision. For example, suppose you find that Xingguang Agricultural 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 |
Xingguang Agricultural 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 Xingguang Agricultural stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xingguang Agricultural stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xingguang Agricultural stock over time.
Current vs Lagged Prices |
| Timeline |
Xingguang Agricultural Lagged Returns
When evaluating Xingguang Agricultural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xingguang Agricultural stock have on its future price. Xingguang Agricultural 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, Xingguang Agricultural autocorrelation shows the relationship between Xingguang Agricultural stock current value and its past values and can show if there is a momentum factor associated with investing in Xingguang Agricultural Mach.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xingguang Stock
Xingguang Agricultural financial ratios help investors to determine whether Xingguang 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 Xingguang with respect to the benefits of owning Xingguang Agricultural security.