Xilong Chemical (China) Market Value
| 002584 Stock | 7.65 0.09 1.19% |
| Symbol | Xilong |
Xilong 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 Xilong 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 Xilong Chemical.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Xilong Chemical on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Xilong Chemical Co or generate 0.0% return on investment in Xilong Chemical over 180 days. Xilong Chemical is related to or competes with Xiangpiaopiao Food, Zhejiang Yayi, Hefei Metalforming, Xinjiang Tianrun, Aluminum Corp, Yankershop Food, and ZYF Lopsking. Xilong Chemical is entity of China. It is traded as Stock on SHE exchange. More
Xilong 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 Xilong 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 Xilong Chemical Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.71 | |||
| Information Ratio | 0.0909 | |||
| Maximum Drawdown | 19.18 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 8.42 |
Xilong Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xilong Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xilong Chemical's standard deviation. In reality, there are many statistical measures that can use Xilong Chemical historical prices to predict the future Xilong Chemical's volatility.| Risk Adjusted Performance | 0.087 | |||
| Jensen Alpha | 0.3772 | |||
| Total Risk Alpha | 0.2674 | |||
| Sortino Ratio | 0.0953 | |||
| Treynor Ratio | (5.67) |
Xilong Chemical Backtested Returns
At this point, Xilong Chemical is slightly risky. Xilong Chemical shows Sharpe Ratio of 0.0283, which attests that the company had a 0.0283% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xilong Chemical, which you can use to evaluate the volatility of the company. Please check out Xilong Chemical's Mean Deviation of 2.99, market risk adjusted performance of (5.66), and Downside Deviation of 3.71 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Xilong Chemical has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of -0.0663, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xilong Chemical are expected to decrease at a much lower rate. During the bear market, Xilong Chemical is likely to outperform the market. Xilong Chemical right now maintains a risk of 3.8%. Please check out Xilong Chemical coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Xilong Chemical will be following its historical returns.
Auto-correlation | 0.03 |
Virtually no predictability
Xilong Chemical Co has virtually no predictability. Overlapping area represents the amount of predictability between Xilong Chemical time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Xilong Chemical price movement. The serial correlation of 0.03 indicates that only 3.0% of current Xilong Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Xilong Chemical lagged returns against current returns
Autocorrelation, which is Xilong 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 Xilong Chemical's stock expected returns. We can calculate the autocorrelation of Xilong Chemical returns to help us make a trade decision. For example, suppose you find that Xilong 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 |
Xilong 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 Xilong Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xilong Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xilong Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Xilong Chemical Lagged Returns
When evaluating Xilong Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xilong Chemical stock have on its future price. Xilong 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, Xilong Chemical autocorrelation shows the relationship between Xilong Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Xilong Chemical Co.
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 Xilong Stock
Xilong Chemical financial ratios help investors to determine whether Xilong 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 Xilong with respect to the benefits of owning Xilong Chemical security.