Xizi Clean (China) Market Value
| 002534 Stock | 11.92 0.10 0.85% |
| Symbol | Xizi |
Xizi Clean '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 Xizi Clean'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 Xizi Clean.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Xizi Clean on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Xizi Clean Energy or generate 0.0% return on investment in Xizi Clean over 30 days. Xizi Clean is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. Xizi Clean is entity of China. It is traded as Stock on SHE exchange. More
Xizi Clean 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 Xizi Clean'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 Xizi Clean Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.0701 | |||
| Maximum Drawdown | 18.08 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 4.73 |
Xizi Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xizi Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xizi Clean's standard deviation. In reality, there are many statistical measures that can use Xizi Clean historical prices to predict the future Xizi Clean's volatility.| Risk Adjusted Performance | 0.09 | |||
| Jensen Alpha | 0.3656 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0782 | |||
| Treynor Ratio | (0.66) |
Xizi Clean Energy Backtested Returns
Xizi Clean appears to be somewhat reliable, given 3 months investment horizon. Xizi Clean Energy shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. By examining Xizi Clean's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize Xizi Clean's Mean Deviation of 1.97, downside deviation of 2.52, and Market Risk Adjusted Performance of (0.65) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xizi Clean holds a performance score of 13. The firm maintains a market beta of -0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xizi Clean are expected to decrease at a much lower rate. During the bear market, Xizi Clean is likely to outperform the market. Please check Xizi Clean's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Xizi Clean's historical returns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Xizi Clean Energy has poor reverse predictability. Overlapping area represents the amount of predictability between Xizi Clean time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Xizi Clean Energy price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Xizi Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Xizi Clean Energy lagged returns against current returns
Autocorrelation, which is Xizi Clean 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 Xizi Clean's stock expected returns. We can calculate the autocorrelation of Xizi Clean returns to help us make a trade decision. For example, suppose you find that Xizi Clean 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 |
Xizi Clean 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 Xizi Clean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xizi Clean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xizi Clean stock over time.
Current vs Lagged Prices |
| Timeline |
Xizi Clean Lagged Returns
When evaluating Xizi Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xizi Clean stock have on its future price. Xizi Clean 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, Xizi Clean autocorrelation shows the relationship between Xizi Clean stock current value and its past values and can show if there is a momentum factor associated with investing in Xizi Clean Energy.
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 Xizi Stock
Xizi Clean financial ratios help investors to determine whether Xizi 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 Xizi with respect to the benefits of owning Xizi Clean security.