Xinyi Glass' market value is the price at which a share of Xinyi Glass trades on a public exchange. It measures the collective expectations of Xinyi Glass Holdings investors about its performance. Xinyi Glass is trading at 0.93 as of the 18th of January 2025. This is a 3.33 percent increase since the beginning of the trading day. The stock's lowest day price was 0.93. With this module, you can estimate the performance of a buy and hold strategy of Xinyi Glass Holdings and determine expected loss or profit from investing in Xinyi Glass over a given investment horizon. Check out Xinyi Glass Correlation, Xinyi Glass Volatility and Xinyi Glass Alpha and Beta module to complement your research on Xinyi Glass.
Please note, there is a significant difference between Xinyi Glass' value and its price as these two are different measures arrived at by different means. Investors typically determine if Xinyi Glass is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xinyi Glass' 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.
Xinyi Glass '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 Xinyi Glass' 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 Xinyi Glass.
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12/19/2024
No Change 0.00
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In 31 days
01/18/2025
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If you would invest 0.00 in Xinyi Glass on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Xinyi Glass Holdings or generate 0.0% return on investment in Xinyi Glass over 30 days. Xinyi Glass is related to or competes with Anhui Conch, CEMEX SAB, CEMATRIX, Anhui Conch, James Hardie, and ReTo Eco. Xinyi Glass Holdings Limited, an investment holding company, produces and sells automobile, construction, float, and oth... More
Xinyi Glass 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 Xinyi Glass' 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 Xinyi Glass Holdings upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinyi Glass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinyi Glass' standard deviation. In reality, there are many statistical measures that can use Xinyi Glass historical prices to predict the future Xinyi Glass' volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Xinyi Glass. Your research has to be compared to or analyzed against Xinyi Glass' peers to derive any actionable benefits. When done correctly, Xinyi Glass' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Xinyi Glass Holdings.
Xinyi Glass Holdings Backtested Returns
Xinyi Glass Holdings shows Sharpe Ratio of -0.0884, which attests that the company had a -0.0884% return per unit of risk over the last 3 months. Xinyi Glass Holdings exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xinyi Glass' Market Risk Adjusted Performance of (0.52), standard deviation of 2.16, and Mean Deviation of 0.9551 to validate the risk estimate we provide. The firm maintains a market beta of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xinyi Glass' returns are expected to increase less than the market. However, during the bear market, the loss of holding Xinyi Glass is expected to be smaller as well. At this point, Xinyi Glass Holdings has a negative expected return of -0.19%. Please make sure to check out Xinyi Glass' jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Xinyi Glass Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.33
Poor reverse predictability
Xinyi Glass Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between Xinyi Glass time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 Xinyi Glass Holdings price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Xinyi Glass price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.33
Spearman Rank Test
-0.2
Residual Average
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Price Variance
0.0
Xinyi Glass Holdings lagged returns against current returns
Autocorrelation, which is Xinyi Glass 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 Xinyi Glass' pink sheet expected returns. We can calculate the autocorrelation of Xinyi Glass returns to help us make a trade decision. For example, suppose you find that Xinyi Glass 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
Xinyi Glass 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 Xinyi Glass pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinyi Glass pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinyi Glass pink sheet over time.
Current vs Lagged Prices
Timeline
Xinyi Glass Lagged Returns
When evaluating Xinyi Glass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinyi Glass pink sheet have on its future price. Xinyi Glass 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, Xinyi Glass autocorrelation shows the relationship between Xinyi Glass pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Xinyi Glass Holdings.
Other Information on Investing in Xinyi Pink Sheet
Xinyi Glass financial ratios help investors to determine whether Xinyi Pink Sheet 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 Xinyi with respect to the benefits of owning Xinyi Glass security.