HaiXin Foods (China) Market Value
| 002702 Stock | 4.51 0.15 3.44% |
| Symbol | HaiXin |
HaiXin Foods '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 HaiXin Foods' 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 HaiXin Foods.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in HaiXin Foods on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding HaiXin Foods Co or generate 0.0% return on investment in HaiXin Foods over 60 days. HaiXin Foods is related to or competes with Linewell Software, Zhongshan Public, Maxvision Technology, Tianshui Huatian, Changchun Engley, and Kuangda Technology. HaiXin Foods is entity of China. It is traded as Stock on SHE exchange. More
HaiXin Foods 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 HaiXin Foods' 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 HaiXin Foods Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.95 | |||
| Information Ratio | 0.1366 | |||
| Maximum Drawdown | 18.52 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 5.7 |
HaiXin Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HaiXin Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HaiXin Foods' standard deviation. In reality, there are many statistical measures that can use HaiXin Foods historical prices to predict the future HaiXin Foods' volatility.| Risk Adjusted Performance | 0.1416 | |||
| Jensen Alpha | 0.477 | |||
| Total Risk Alpha | 0.0695 | |||
| Sortino Ratio | 0.1522 | |||
| Treynor Ratio | 0.7496 |
HaiXin Foods Backtested Returns
HaiXin Foods appears to be moderately volatile, given 3 months investment horizon. HaiXin Foods holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. By evaluating HaiXin Foods' technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please utilize HaiXin Foods' Market Risk Adjusted Performance of 0.7596, risk adjusted performance of 0.1416, and Downside Deviation of 2.95 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HaiXin Foods holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HaiXin Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding HaiXin Foods is expected to be smaller as well. Please check HaiXin Foods' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether HaiXin Foods' current trending patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
HaiXin Foods Co has good reverse predictability. Overlapping area represents the amount of predictability between HaiXin Foods time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 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 HaiXin Foods price movement. The serial correlation of -0.52 indicates that about 52.0% of current HaiXin Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
HaiXin Foods lagged returns against current returns
Autocorrelation, which is HaiXin Foods 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 HaiXin Foods' stock expected returns. We can calculate the autocorrelation of HaiXin Foods returns to help us make a trade decision. For example, suppose you find that HaiXin Foods 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 |
HaiXin Foods 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 HaiXin Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HaiXin Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HaiXin Foods stock over time.
Current vs Lagged Prices |
| Timeline |
HaiXin Foods Lagged Returns
When evaluating HaiXin Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HaiXin Foods stock have on its future price. HaiXin Foods 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, HaiXin Foods autocorrelation shows the relationship between HaiXin Foods stock current value and its past values and can show if there is a momentum factor associated with investing in HaiXin Foods 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 HaiXin Stock
HaiXin Foods financial ratios help investors to determine whether HaiXin 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 HaiXin with respect to the benefits of owning HaiXin Foods security.