XCMG Construction (China) Market Value
| 000425 Stock | 7.44 0.47 5.94% |
| Symbol | XCMG |
XCMG Construction '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 XCMG Construction'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 XCMG Construction.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in XCMG Construction on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding XCMG Construction Machinery or generate 0.0% return on investment in XCMG Construction over 720 days. XCMG Construction is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. XCMG Construction is entity of China. It is traded as Stock on SHE exchange. More
XCMG Construction 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 XCMG Construction'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 XCMG Construction Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.1191 | |||
| Maximum Drawdown | 9.56 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 4.86 |
XCMG Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for XCMG Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as XCMG Construction's standard deviation. In reality, there are many statistical measures that can use XCMG Construction historical prices to predict the future XCMG Construction's volatility.| Risk Adjusted Performance | 0.1117 | |||
| Jensen Alpha | 0.3035 | |||
| Total Risk Alpha | 0.24 | |||
| Sortino Ratio | 0.1318 | |||
| Treynor Ratio | 2.0 |
XCMG Construction Backtested Returns
XCMG Construction appears to be somewhat reliable, given 3 months investment horizon. XCMG Construction shows Sharpe Ratio of 0.094, which attests that the company had a 0.094% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for XCMG Construction, which you can use to evaluate the volatility of the entity. Please utilize XCMG Construction's Risk Adjusted Performance of 0.1117, mean deviation of 1.81, and Downside Deviation of 2.16 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, XCMG Construction holds a performance score of 7. The firm maintains a market beta of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, XCMG Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding XCMG Construction is expected to be smaller as well. Please check XCMG Construction's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether XCMG Construction's historical returns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
XCMG Construction Machinery has poor reverse predictability. Overlapping area represents the amount of predictability between XCMG Construction time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 XCMG Construction price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current XCMG Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
XCMG Construction lagged returns against current returns
Autocorrelation, which is XCMG Construction 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 XCMG Construction's stock expected returns. We can calculate the autocorrelation of XCMG Construction returns to help us make a trade decision. For example, suppose you find that XCMG Construction 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 |
XCMG Construction 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 XCMG Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if XCMG Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in XCMG Construction stock over time.
Current vs Lagged Prices |
| Timeline |
XCMG Construction Lagged Returns
When evaluating XCMG Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of XCMG Construction stock have on its future price. XCMG Construction 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, XCMG Construction autocorrelation shows the relationship between XCMG Construction stock current value and its past values and can show if there is a momentum factor associated with investing in XCMG Construction Machinery.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in XCMG Stock
XCMG Construction financial ratios help investors to determine whether XCMG 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 XCMG with respect to the benefits of owning XCMG Construction security.