Wuxi Chemical (China) Market Value
| 001332 Stock | 36.48 0.07 0.19% |
| Symbol | Wuxi |
Wuxi Chemical '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 Wuxi Chemical'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 Wuxi Chemical.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Wuxi Chemical on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Wuxi Chemical Equipment or generate 0.0% return on investment in Wuxi Chemical over 30 days. Wuxi Chemical is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Wuxi Chemical is entity of China. It is traded as Stock on SHE exchange. More
Wuxi Chemical 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 Wuxi Chemical'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 Wuxi Chemical Equipment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.2319 | |||
| Maximum Drawdown | 15.89 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 9.05 |
Wuxi Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wuxi Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wuxi Chemical's standard deviation. In reality, there are many statistical measures that can use Wuxi Chemical historical prices to predict the future Wuxi Chemical's volatility.| Risk Adjusted Performance | 0.2147 | |||
| Jensen Alpha | 0.9312 | |||
| Total Risk Alpha | 0.376 | |||
| Sortino Ratio | 0.2809 | |||
| Treynor Ratio | (1.22) |
Wuxi Chemical Equipment Backtested Returns
Wuxi Chemical appears to be very steady, given 3 months investment horizon. Wuxi Chemical Equipment shows Sharpe Ratio of 0.24, which attests that the company had a 0.24% return per unit of risk over the last 3 months. By examining Wuxi Chemical's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please utilize Wuxi Chemical's Downside Deviation of 2.62, market risk adjusted performance of (1.21), and Mean Deviation of 2.21 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wuxi Chemical holds a performance score of 18. The firm maintains a market beta of -0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wuxi Chemical are expected to decrease at a much lower rate. During the bear market, Wuxi Chemical is likely to outperform the market. Please check Wuxi Chemical's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Wuxi Chemical's historical returns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Wuxi Chemical Equipment has very weak predictability. Overlapping area represents the amount of predictability between Wuxi Chemical time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Wuxi Chemical Equipment price movement. The serial correlation of 0.17 indicates that over 17.0% of current Wuxi Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 |
Wuxi Chemical Equipment lagged returns against current returns
Autocorrelation, which is Wuxi Chemical 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 Wuxi Chemical's stock expected returns. We can calculate the autocorrelation of Wuxi Chemical returns to help us make a trade decision. For example, suppose you find that Wuxi Chemical 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 |
Wuxi Chemical 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 Wuxi Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wuxi Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wuxi Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Wuxi Chemical Lagged Returns
When evaluating Wuxi Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wuxi Chemical stock have on its future price. Wuxi Chemical 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, Wuxi Chemical autocorrelation shows the relationship between Wuxi Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Wuxi Chemical Equipment.
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 Wuxi Stock
Wuxi Chemical financial ratios help investors to determine whether Wuxi 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 Wuxi with respect to the benefits of owning Wuxi Chemical security.