Xiamen Amoytop (China) Market Value
| 688278 Stock | 78.90 4.30 5.76% |
| Symbol | Xiamen |
Xiamen Amoytop '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 Xiamen Amoytop'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 Xiamen Amoytop.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in Xiamen Amoytop on June 30, 2023 and sell it all today you would earn a total of 0.00 from holding Xiamen Amoytop Biotech or generate 0.0% return on investment in Xiamen Amoytop over 570 days. Xiamen Amoytop is related to or competes with COL Digital, Xiamen Jihong, Chinese Universe, Guilin Seamild, Offcn Education, Shandong Publishing, and Beijing Sanyuan. More
Xiamen Amoytop 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 Xiamen Amoytop'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 Xiamen Amoytop Biotech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.83 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.06 |
Xiamen Amoytop Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiamen Amoytop's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen Amoytop's standard deviation. In reality, there are many statistical measures that can use Xiamen Amoytop historical prices to predict the future Xiamen Amoytop's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.06) |
Xiamen Amoytop Biotech Backtested Returns
Xiamen Amoytop Biotech shows Sharpe Ratio of -0.0107, which attests that the company had a -0.0107 % return per unit of risk over the last 3 months. Xiamen Amoytop Biotech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xiamen Amoytop's Mean Deviation of 1.58, standard deviation of 2.0, and Market Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The firm maintains a market beta of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xiamen Amoytop's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xiamen Amoytop is expected to be smaller as well. At this point, Xiamen Amoytop Biotech has a negative expected return of -0.0214%. Please make sure to check out Xiamen Amoytop's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Xiamen Amoytop Biotech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Xiamen Amoytop Biotech has good predictability. Overlapping area represents the amount of predictability between Xiamen Amoytop time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 to 20th of January 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 Xiamen Amoytop Biotech price movement. The serial correlation of 0.73 indicates that around 73.0% of current Xiamen Amoytop price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 102.73 |
Xiamen Amoytop Biotech lagged returns against current returns
Autocorrelation, which is Xiamen Amoytop 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 Xiamen Amoytop's stock expected returns. We can calculate the autocorrelation of Xiamen Amoytop returns to help us make a trade decision. For example, suppose you find that Xiamen Amoytop 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 |
Xiamen Amoytop 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 Xiamen Amoytop stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen Amoytop stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen Amoytop stock over time.
Current vs Lagged Prices |
| Timeline |
Xiamen Amoytop Lagged Returns
When evaluating Xiamen Amoytop's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen Amoytop stock have on its future price. Xiamen Amoytop 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, Xiamen Amoytop autocorrelation shows the relationship between Xiamen Amoytop stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen Amoytop Biotech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xiamen Stock
Xiamen Amoytop financial ratios help investors to determine whether Xiamen 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 Xiamen with respect to the benefits of owning Xiamen Amoytop security.