Xinjiang Daqo (China) Market Value
| 688303 Stock | 24.23 0.59 2.38% |
| Symbol | Xinjiang |
Xinjiang Daqo '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 Xinjiang Daqo'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 Xinjiang Daqo.
| 10/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in Xinjiang Daqo on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Xinjiang Daqo New or generate 0.0% return on investment in Xinjiang Daqo over 60 days. Xinjiang Daqo is related to or competes with Shenzhen Centralcon, Guangdong Jingyi, Tieling Newcity, Rongcheer Industrial, Postal Savings, Zhongrun Resources, and Tibet Huayu. Xinjiang Daqo is entity of China. It is traded as Stock on SHG exchange. More
Xinjiang Daqo 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 Xinjiang Daqo'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 Xinjiang Daqo New upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.96 | |||
| Information Ratio | 0.1032 | |||
| Maximum Drawdown | 29.75 | |||
| Value At Risk | (7.52) | |||
| Potential Upside | 14.31 |
Xinjiang Daqo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinjiang Daqo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinjiang Daqo's standard deviation. In reality, there are many statistical measures that can use Xinjiang Daqo historical prices to predict the future Xinjiang Daqo's volatility.| Risk Adjusted Performance | 0.0949 | |||
| Jensen Alpha | 0.6183 | |||
| Total Risk Alpha | 0.4456 | |||
| Sortino Ratio | 0.1469 | |||
| Treynor Ratio | (0.89) |
Xinjiang Daqo New Backtested Returns
Xinjiang Daqo appears to be somewhat reliable, given 3 months investment horizon. Xinjiang Daqo New shows Sharpe Ratio of 0.0983, which attests that the company had a 0.0983% return per unit of risk over the last 3 months. By examining Xinjiang Daqo's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize Xinjiang Daqo's Mean Deviation of 3.57, market risk adjusted performance of (0.88), and Downside Deviation of 3.96 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinjiang Daqo holds a performance score of 7. The firm maintains a market beta of -0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xinjiang Daqo are expected to decrease at a much lower rate. During the bear market, Xinjiang Daqo is likely to outperform the market. Please check Xinjiang Daqo's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Xinjiang Daqo's historical returns will revert.
Auto-correlation | 0.56 |
Modest predictability
Xinjiang Daqo New has modest predictability. Overlapping area represents the amount of predictability between Xinjiang Daqo time series from 22nd of October 2024 to 21st of November 2024 and 21st of November 2024 to 21st 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 Xinjiang Daqo New price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Xinjiang Daqo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1.79 |
Xinjiang Daqo New lagged returns against current returns
Autocorrelation, which is Xinjiang Daqo 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 Xinjiang Daqo's stock expected returns. We can calculate the autocorrelation of Xinjiang Daqo returns to help us make a trade decision. For example, suppose you find that Xinjiang Daqo 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 |
Xinjiang Daqo 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 Xinjiang Daqo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinjiang Daqo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinjiang Daqo stock over time.
Current vs Lagged Prices |
| Timeline |
Xinjiang Daqo Lagged Returns
When evaluating Xinjiang Daqo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinjiang Daqo stock have on its future price. Xinjiang Daqo 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, Xinjiang Daqo autocorrelation shows the relationship between Xinjiang Daqo stock current value and its past values and can show if there is a momentum factor associated with investing in Xinjiang Daqo New.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xinjiang Stock
Xinjiang Daqo financial ratios help investors to determine whether Xinjiang 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 Xinjiang with respect to the benefits of owning Xinjiang Daqo security.