Xinjiang Talimu (China) Market Value
| 600359 Stock | 7.12 0.20 2.73% |
| Symbol | Xinjiang |
Xinjiang Talimu '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 Talimu'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 Talimu.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Xinjiang Talimu on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Xinjiang Talimu Agriculture or generate 0.0% return on investment in Xinjiang Talimu over 30 days. Xinjiang Talimu is related to or competes with New China, Ming Yang, Loctek Ergonomic, Hunan Nanling, Jiangsu Seagull, Inner Mongolia, and Shanghai Zhangjiang. Xinjiang Talimu is entity of China. It is traded as Stock on SHG exchange. More
Xinjiang Talimu 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 Talimu'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 Talimu Agriculture upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.77 | |||
| Information Ratio | 0.0935 | |||
| Maximum Drawdown | 16.88 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 3.63 |
Xinjiang Talimu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinjiang Talimu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinjiang Talimu's standard deviation. In reality, there are many statistical measures that can use Xinjiang Talimu historical prices to predict the future Xinjiang Talimu's volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.3339 | |||
| Total Risk Alpha | 0.014 | |||
| Sortino Ratio | 0.0834 | |||
| Treynor Ratio | (2.24) |
Xinjiang Talimu Agri Backtested Returns
Xinjiang Talimu appears to be slightly risky, given 3 months investment horizon. Xinjiang Talimu Agri 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. We have found thirty technical indicators for Xinjiang Talimu Agri, which you can use to evaluate the volatility of the company. Please utilize Xinjiang Talimu's Mean Deviation of 1.82, market risk adjusted performance of (2.23), and Downside Deviation of 2.77 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xinjiang Talimu holds a performance score of 13. The firm maintains a market beta of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Xinjiang Talimu are expected to decrease at a much lower rate. During the bear market, Xinjiang Talimu is likely to outperform the market. Please check Xinjiang Talimu's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Xinjiang Talimu's historical returns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Xinjiang Talimu Agriculture has insignificant predictability. Overlapping area represents the amount of predictability between Xinjiang Talimu time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Talimu Agri price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Xinjiang Talimu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Xinjiang Talimu Agri lagged returns against current returns
Autocorrelation, which is Xinjiang Talimu 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 Talimu's stock expected returns. We can calculate the autocorrelation of Xinjiang Talimu returns to help us make a trade decision. For example, suppose you find that Xinjiang Talimu 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 Talimu 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 Talimu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinjiang Talimu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinjiang Talimu stock over time.
Current vs Lagged Prices |
| Timeline |
Xinjiang Talimu Lagged Returns
When evaluating Xinjiang Talimu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinjiang Talimu stock have on its future price. Xinjiang Talimu 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 Talimu autocorrelation shows the relationship between Xinjiang Talimu stock current value and its past values and can show if there is a momentum factor associated with investing in Xinjiang Talimu Agriculture.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xinjiang Stock
Xinjiang Talimu 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 Talimu security.