Xiamen Insight (China) Market Value
| 000526 Stock | 43.49 0.25 0.58% |
| Symbol | Xiamen |
Xiamen Insight '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 Xiamen Insight'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 Xiamen Insight.
| 09/28/2024 |
| 12/27/2024 |
If you would invest 0.00 in Xiamen Insight on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Xiamen Insight Investment or generate 0.0% return on investment in Xiamen Insight over 90 days. Xiamen Insight is related to or competes with PetroChina, China Mobile, CNOOC, Ping An, China Petroleum, China Telecom, and China State. Xiamen Insight is entity of China. It is traded as Stock on SHE exchange. More
Xiamen Insight 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 Xiamen Insight'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 Xiamen Insight Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 18.22 | |||
| Value At Risk | (5.92) | |||
| Potential Upside | 6.82 |
Xiamen Insight Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiamen Insight's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen Insight's standard deviation. In reality, there are many statistical measures that can use Xiamen Insight historical prices to predict the future Xiamen Insight's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (2.69) |
Xiamen Insight Investment Backtested Returns
Xiamen Insight Investment shows Sharpe Ratio of -0.16, which attests that the company had a -0.16% return per unit of risk over the last 3 months. Xiamen Insight Investment exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xiamen Insight's Market Risk Adjusted Performance of (2.68), standard deviation of 3.78, and Mean Deviation of 2.74 to validate the risk estimate we provide. The firm maintains a market beta of 0.0465, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xiamen Insight's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xiamen Insight is expected to be smaller as well. At this point, Xiamen Insight Investment has a negative expected return of -0.57%. Please make sure to check out Xiamen Insight's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Xiamen Insight Investment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Xiamen Insight Investment has poor predictability. Overlapping area represents the amount of predictability between Xiamen Insight time series from 28th of September 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Xiamen Insight Investment price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Xiamen Insight price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 4.87 |
Xiamen Insight Investment lagged returns against current returns
Autocorrelation, which is Xiamen Insight 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 Xiamen Insight's stock expected returns. We can calculate the autocorrelation of Xiamen Insight returns to help us make a trade decision. For example, suppose you find that Xiamen Insight 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 |
Xiamen Insight 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 Xiamen Insight stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen Insight stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen Insight stock over time.
Current vs Lagged Prices |
| Timeline |
Xiamen Insight Lagged Returns
When evaluating Xiamen Insight's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen Insight stock have on its future price. Xiamen Insight 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, Xiamen Insight autocorrelation shows the relationship between Xiamen Insight stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen Insight Investment.
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 Xiamen Stock
Xiamen Insight financial ratios help investors to determine whether Xiamen 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 Xiamen with respect to the benefits of owning Xiamen Insight security.