Xiamen CD (China) Market Value
| 600153 Stock | 10.19 0.19 1.90% |
| Symbol | Xiamen |
Xiamen CD '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 Xiamen CD'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 Xiamen CD.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Xiamen CD on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Xiamen CD or generate 0.0% return on investment in Xiamen CD over 360 days. Xiamen CD is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Xiamen CD is entity of China. It is traded as Stock on SHG exchange. More
Xiamen CD 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 Xiamen CD'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 Xiamen CD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.1522 | |||
| Maximum Drawdown | 19.45 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 6.39 |
Xiamen CD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiamen CD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen CD's standard deviation. In reality, there are many statistical measures that can use Xiamen CD historical prices to predict the future Xiamen CD's volatility.| Risk Adjusted Performance | 0.1473 | |||
| Jensen Alpha | 0.5768 | |||
| Total Risk Alpha | 0.0955 | |||
| Sortino Ratio | 0.175 | |||
| Treynor Ratio | (34.63) |
Xiamen CD Backtested Returns
Xiamen CD appears to be somewhat reliable, given 3 months investment horizon. Xiamen CD shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. By examining Xiamen CD's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Xiamen CD's Mean Deviation of 2.04, market risk adjusted performance of (34.62), and Downside Deviation of 2.63 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiamen CD holds a performance score of 14. The firm maintains a market beta of -0.0166, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xiamen CD are expected to decrease at a much lower rate. During the bear market, Xiamen CD is likely to outperform the market. Please check Xiamen CD's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Xiamen CD's historical returns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
Xiamen CD has weak reverse predictability. Overlapping area represents the amount of predictability between Xiamen CD time series from 18th of December 2023 to 15th of June 2024 and 15th of June 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 Xiamen CD price movement. The serial correlation of -0.23 indicates that over 23.0% of current Xiamen CD price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
Xiamen CD lagged returns against current returns
Autocorrelation, which is Xiamen CD 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 Xiamen CD's stock expected returns. We can calculate the autocorrelation of Xiamen CD returns to help us make a trade decision. For example, suppose you find that Xiamen CD 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 |
Xiamen CD 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 Xiamen CD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen CD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen CD stock over time.
Current vs Lagged Prices |
| Timeline |
Xiamen CD Lagged Returns
When evaluating Xiamen CD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen CD stock have on its future price. Xiamen CD 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, Xiamen CD autocorrelation shows the relationship between Xiamen CD stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen CD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xiamen Stock
Xiamen CD financial ratios help investors to determine whether Xiamen 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 Xiamen with respect to the benefits of owning Xiamen CD security.