Nexchip Semiconductor (China) Market Value
| 688249 Stock | 22.95 0.02 0.09% |
| Symbol | Nexchip |
Nexchip Semiconductor '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 Nexchip Semiconductor'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 Nexchip Semiconductor.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Nexchip Semiconductor on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Nexchip Semiconductor Corp or generate 0.0% return on investment in Nexchip Semiconductor over 90 days. Nexchip Semiconductor is related to or competes with Anhui Gujing, Tinavi Medical, Gansu Huangtai, Allmed Medical, Kontour (Xian), Ningbo David, and Nanjing Vishee. Nexchip Semiconductor is entity of China More
Nexchip Semiconductor 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 Nexchip Semiconductor'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 Nexchip Semiconductor Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 9.46 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 4.26 |
Nexchip Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nexchip Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nexchip Semiconductor's standard deviation. In reality, there are many statistical measures that can use Nexchip Semiconductor historical prices to predict the future Nexchip Semiconductor's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (5.03) |
Nexchip Semiconductor Backtested Returns
Nexchip Semiconductor has Sharpe Ratio of -0.0366, which conveys that the firm had a -0.0366 % return per unit of risk over the last 3 months. Nexchip Semiconductor exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nexchip Semiconductor's Risk Adjusted Performance of (0.11), standard deviation of 2.38, and Mean Deviation of 1.83 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0664, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nexchip Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nexchip Semiconductor is expected to be smaller as well. At this point, Nexchip Semiconductor has a negative expected return of -0.0839%. Please make sure to verify Nexchip Semiconductor's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Nexchip Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Nexchip Semiconductor Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Nexchip Semiconductor time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Nexchip Semiconductor price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Nexchip Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Nexchip Semiconductor lagged returns against current returns
Autocorrelation, which is Nexchip Semiconductor 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 Nexchip Semiconductor's stock expected returns. We can calculate the autocorrelation of Nexchip Semiconductor returns to help us make a trade decision. For example, suppose you find that Nexchip Semiconductor 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 |
Nexchip Semiconductor 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 Nexchip Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nexchip Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nexchip Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Nexchip Semiconductor Lagged Returns
When evaluating Nexchip Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nexchip Semiconductor stock have on its future price. Nexchip Semiconductor 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, Nexchip Semiconductor autocorrelation shows the relationship between Nexchip Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Nexchip Semiconductor Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nexchip Stock
Nexchip Semiconductor financial ratios help investors to determine whether Nexchip 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 Nexchip with respect to the benefits of owning Nexchip Semiconductor security.