What is Xinjiang Daqo Market Value? - 688303.SHG

Xinjiang Daqo (China) Market Value

688303 Stock   24.25  0.02  0.08%   
Xinjiang Daqo's market value is the price at which a share of Xinjiang Daqo trades on a public exchange. It measures the collective expectations of Xinjiang Daqo New investors about its performance. Xinjiang Daqo is trading at 24.25 as of the 24th of December 2024, a 0.08 percent increase since the beginning of the trading day. The stock's open price was 24.23.
With this module, you can estimate the performance of a buy and hold strategy of Xinjiang Daqo New and determine expected loss or profit from investing in Xinjiang Daqo over a given investment horizon. Check out Xinjiang Daqo Correlation, Xinjiang Daqo Volatility and Xinjiang Daqo Alpha and Beta module to complement your research on Xinjiang Daqo.
Symbol

Please note, there is a significant difference between Xinjiang Daqo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xinjiang Daqo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xinjiang Daqo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
06/27/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/24/2024
0.00
If you would invest  0.00  in Xinjiang Daqo on June 27, 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 180 days. Xinjiang Daqo is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. 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.

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.
Hype
Prediction
LowEstimatedHigh
18.3624.1529.94
Details
Intrinsic
Valuation
LowRealHigh
16.6122.4028.19
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Xinjiang Daqo New Backtested Returns

Xinjiang Daqo appears to be somewhat reliable, given 3 months investment horizon. Xinjiang Daqo New shows Sharpe Ratio of 0.0847, which attests that the company had a 0.0847% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xinjiang Daqo New, which you can use to evaluate the volatility of the company. Please utilize Xinjiang Daqo's Downside Deviation of 3.96, market risk adjusted performance of (0.72), and Mean Deviation of 3.47 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 6. The firm maintains a market beta of -0.68, 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 downside deviation, standard deviation, total risk alpha, as well as 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

    
  -0.03  

Very weak reverse predictability

Xinjiang Daqo New has very weak reverse predictability. Overlapping area represents the amount of predictability between Xinjiang Daqo time series from 27th of June 2024 to 25th of September 2024 and 25th of September 2024 to 24th 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 -0.03 indicates that only 3.0% of current Xinjiang Daqo price fluctuation can be explain by its past prices.
Correlation Coefficient-0.03
Spearman Rank Test0.13
Residual Average0.0
Price Variance10.04
Xinjiang ReturnsXinjiang Lagged ReturnsDiversified AwayXinjiang ReturnsXinjiang Lagged ReturnsDiversified Away100%

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   
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JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
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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   
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JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
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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   
JavaScript chart by amCharts 3.21.15JulAugSepOctNovDec20253035
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       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.