Xinya Electronic (China) Market Value
| 605277 Stock | 14.93 0.74 5.21% |
| Symbol | Xinya |
Xinya Electronic '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 Xinya Electronic'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 Xinya Electronic.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Xinya Electronic on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Xinya Electronic Co or generate 0.0% return on investment in Xinya Electronic over 510 days. Xinya Electronic is related to or competes with Agricultural Bank, Industrial, Bank of China, PetroChina, and Postal Savings. Xinya Electronic is entity of China. It is traded as Stock on SHG exchange. More
Xinya Electronic 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 Xinya Electronic'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 Xinya Electronic Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.0703 | |||
| Maximum Drawdown | 17.83 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 4.52 |
Xinya Electronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinya Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinya Electronic's standard deviation. In reality, there are many statistical measures that can use Xinya Electronic historical prices to predict the future Xinya Electronic's volatility.| Risk Adjusted Performance | 0.0905 | |||
| Jensen Alpha | 0.3109 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0666 | |||
| Treynor Ratio | (44.30) |
Xinya Electronic Backtested Returns
Xinya Electronic appears to be somewhat reliable, given 3 months investment horizon. Xinya Electronic shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. By examining Xinya Electronic's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Xinya Electronic's Market Risk Adjusted Performance of (44.29), downside deviation of 2.94, and Mean Deviation of 2.02 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinya Electronic holds a performance score of 14. The firm maintains a market beta of -0.007, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xinya Electronic are expected to decrease at a much lower rate. During the bear market, Xinya Electronic is likely to outperform the market. Please check Xinya Electronic's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Xinya Electronic's historical returns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Xinya Electronic Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Xinya Electronic time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Xinya Electronic price movement. The serial correlation of -0.02 indicates that only 2.0% of current Xinya Electronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Xinya Electronic lagged returns against current returns
Autocorrelation, which is Xinya Electronic 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 Xinya Electronic's stock expected returns. We can calculate the autocorrelation of Xinya Electronic returns to help us make a trade decision. For example, suppose you find that Xinya Electronic 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 |
Xinya Electronic 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 Xinya Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinya Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinya Electronic stock over time.
Current vs Lagged Prices |
| Timeline |
Xinya Electronic Lagged Returns
When evaluating Xinya Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinya Electronic stock have on its future price. Xinya Electronic 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, Xinya Electronic autocorrelation shows the relationship between Xinya Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Xinya Electronic Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xinya Stock
Xinya Electronic financial ratios help investors to determine whether Xinya 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 Xinya with respect to the benefits of owning Xinya Electronic security.