Xinjiang Zhongtai (China) Market Value
| 002092 Stock | 4.73 0.13 2.83% |
| Symbol | Xinjiang |
Xinjiang Zhongtai '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 Xinjiang Zhongtai'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 Xinjiang Zhongtai.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Xinjiang Zhongtai on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Xinjiang Zhongtai Chemical or generate 0.0% return on investment in Xinjiang Zhongtai over 720 days. Xinjiang Zhongtai is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Inner Mongolia, Jiangxi Ganfeng, and Hoshine Silicon. Xinjiang Zhongtai is entity of China. It is traded as Stock on SHE exchange. More
Xinjiang Zhongtai 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 Xinjiang Zhongtai'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 Xinjiang Zhongtai Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.2027 | |||
| Maximum Drawdown | 9.98 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 4.27 |
Xinjiang Zhongtai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinjiang Zhongtai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinjiang Zhongtai's standard deviation. In reality, there are many statistical measures that can use Xinjiang Zhongtai historical prices to predict the future Xinjiang Zhongtai's volatility.| Risk Adjusted Performance | 0.208 | |||
| Jensen Alpha | 0.5362 | |||
| Total Risk Alpha | 0.222 | |||
| Sortino Ratio | 0.2192 | |||
| Treynor Ratio | (5.44) |
Xinjiang Zhongtai Backtested Returns
Xinjiang Zhongtai appears to be slightly risky, given 3 months investment horizon. Xinjiang Zhongtai shows Sharpe Ratio of 0.27, which attests that the company had a 0.27% return per unit of risk over the last 3 months. By examining Xinjiang Zhongtai's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Xinjiang Zhongtai's Market Risk Adjusted Performance of (5.43), downside deviation of 1.87, and Mean Deviation of 1.56 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinjiang Zhongtai holds a performance score of 21. The firm maintains a market beta of -0.0966, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xinjiang Zhongtai are expected to decrease at a much lower rate. During the bear market, Xinjiang Zhongtai is likely to outperform the market. Please check Xinjiang Zhongtai's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Xinjiang Zhongtai's historical returns will revert.
Auto-correlation | 0.44 |
Average predictability
Xinjiang Zhongtai Chemical has average predictability. Overlapping area represents the amount of predictability between Xinjiang Zhongtai time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 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 Xinjiang Zhongtai price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Xinjiang Zhongtai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Xinjiang Zhongtai lagged returns against current returns
Autocorrelation, which is Xinjiang Zhongtai 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 Xinjiang Zhongtai's stock expected returns. We can calculate the autocorrelation of Xinjiang Zhongtai returns to help us make a trade decision. For example, suppose you find that Xinjiang Zhongtai 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 |
Xinjiang Zhongtai 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 Xinjiang Zhongtai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinjiang Zhongtai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinjiang Zhongtai stock over time.
Current vs Lagged Prices |
| Timeline |
Xinjiang Zhongtai Lagged Returns
When evaluating Xinjiang Zhongtai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinjiang Zhongtai stock have on its future price. Xinjiang Zhongtai 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, Xinjiang Zhongtai autocorrelation shows the relationship between Xinjiang Zhongtai stock current value and its past values and can show if there is a momentum factor associated with investing in Xinjiang Zhongtai Chemical.
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.Other Information on Investing in Xinjiang Stock
Xinjiang Zhongtai financial ratios help investors to determine whether Xinjiang 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 Xinjiang with respect to the benefits of owning Xinjiang Zhongtai security.