Xiaomi Corp Adr Stock Market Value
| XIACY Stock | USD 21.20 0.63 3.06% |
| Symbol | Xiaomi |
Xiaomi Corp '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 Xiaomi Corp's pink sheet 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 Xiaomi Corp.
| 09/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Xiaomi Corp on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding Xiaomi Corp ADR or generate 0.0% return on investment in Xiaomi Corp over 90 days. Xiaomi Corp is related to or competes with TCL Electronics, Samsung Electronics, LG Display, Sharp Corp, Sony Group, Wearable Devices, and Sonos. Xiaomi Corporation, an investment holding company, provides hardware, software, and internet services in Mainland China,... More
Xiaomi Corp 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 Xiaomi Corp's pink sheet 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 Xiaomi Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.27 | |||
| Information Ratio | 0.2197 | |||
| Maximum Drawdown | 17.84 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 6.7 |
Xiaomi Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiaomi Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiaomi Corp's standard deviation. In reality, there are many statistical measures that can use Xiaomi Corp historical prices to predict the future Xiaomi Corp's volatility.| Risk Adjusted Performance | 0.1938 | |||
| Jensen Alpha | 0.7988 | |||
| Total Risk Alpha | 0.6382 | |||
| Sortino Ratio | 0.2299 | |||
| Treynor Ratio | (2.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xiaomi Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Xiaomi Corp ADR Backtested Returns
Xiaomi Corp appears to be not too volatile, given 3 months investment horizon. Xiaomi Corp ADR shows Sharpe Ratio of 0.21, which attests that the company had a 0.21% return per unit of risk over the last 3 months. By examining Xiaomi Corp's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize Xiaomi Corp's Market Risk Adjusted Performance of (2.29), mean deviation of 2.54, and Downside Deviation of 3.27 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiaomi Corp holds a performance score of 16. The firm maintains a market beta of -0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xiaomi Corp are expected to decrease at a much lower rate. During the bear market, Xiaomi Corp is likely to outperform the market. Please check Xiaomi Corp's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Xiaomi Corp's historical returns will revert.
Auto-correlation | 0.73 |
Good predictability
Xiaomi Corp ADR has good predictability. Overlapping area represents the amount of predictability between Xiaomi Corp time series from 26th of September 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Xiaomi Corp ADR price movement. The serial correlation of 0.73 indicates that around 73.0% of current Xiaomi Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
Xiaomi Corp ADR lagged returns against current returns
Autocorrelation, which is Xiaomi Corp pink sheet'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 Xiaomi Corp's pink sheet expected returns. We can calculate the autocorrelation of Xiaomi Corp returns to help us make a trade decision. For example, suppose you find that Xiaomi Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Xiaomi Corp 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 Xiaomi Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiaomi Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiaomi Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Xiaomi Corp Lagged Returns
When evaluating Xiaomi Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiaomi Corp pink sheet have on its future price. Xiaomi Corp 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, Xiaomi Corp autocorrelation shows the relationship between Xiaomi Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Xiaomi Corp ADR.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Xiaomi Pink Sheet Analysis
When running Xiaomi Corp's price analysis, check to measure Xiaomi Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Xiaomi Corp is operating at the current time. Most of Xiaomi Corp's value examination focuses on studying past and present price action to predict the probability of Xiaomi Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xiaomi Corp's price. Additionally, you may evaluate how the addition of Xiaomi Corp to your portfolios can decrease your overall portfolio volatility.