Xian LONGi (China) Market Value
| 601012 Stock | 18.43 0.07 0.38% |
| Symbol | Xian |
Xian LONGi '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 Xian LONGi'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 Xian LONGi.
| 09/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Xian LONGi on September 4, 2024 and sell it all today you would earn a total of 0.00 from holding Xian LONGi Silicon or generate 0.0% return on investment in Xian LONGi over 90 days. Xian LONGi is related to or competes with Xilong Chemical, Iat Automobile, Jilin Chemical, Xiangtan Electrochemical, Miracll Chemicals, Xiangyang Automobile, and Longxing Chemical. Xian LONGi is entity of China. It is traded as Stock on SHG exchange. More
Xian LONGi 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 Xian LONGi'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 Xian LONGi Silicon upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | 0.1268 | |||
| Maximum Drawdown | 20.04 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 9.62 |
Xian LONGi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xian LONGi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xian LONGi's standard deviation. In reality, there are many statistical measures that can use Xian LONGi historical prices to predict the future Xian LONGi's volatility.| Risk Adjusted Performance | 0.1293 | |||
| Jensen Alpha | 0.649 | |||
| Total Risk Alpha | 0.0255 | |||
| Sortino Ratio | 0.1478 | |||
| Treynor Ratio | (1.69) |
Xian LONGi Silicon Backtested Returns
Xian LONGi appears to be somewhat reliable, given 3 months investment horizon. Xian LONGi Silicon shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. By examining Xian LONGi's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please utilize Xian LONGi's Market Risk Adjusted Performance of (1.68), mean deviation of 2.88, and Downside Deviation of 3.34 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xian LONGi holds a performance score of 11. The firm maintains a market beta of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xian LONGi are expected to decrease at a much lower rate. During the bear market, Xian LONGi is likely to outperform the market. Please check Xian LONGi'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 Xian LONGi's historical returns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Xian LONGi Silicon has insignificant reverse predictability. Overlapping area represents the amount of predictability between Xian LONGi time series from 4th of September 2024 to 19th of October 2024 and 19th of October 2024 to 3rd 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 Xian LONGi Silicon price movement. The serial correlation of -0.16 indicates that over 16.0% of current Xian LONGi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Xian LONGi Silicon lagged returns against current returns
Autocorrelation, which is Xian LONGi 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 Xian LONGi's stock expected returns. We can calculate the autocorrelation of Xian LONGi returns to help us make a trade decision. For example, suppose you find that Xian LONGi 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 |
Xian LONGi 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 Xian LONGi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xian LONGi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xian LONGi stock over time.
Current vs Lagged Prices |
| Timeline |
Xian LONGi Lagged Returns
When evaluating Xian LONGi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xian LONGi stock have on its future price. Xian LONGi 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, Xian LONGi autocorrelation shows the relationship between Xian LONGi stock current value and its past values and can show if there is a momentum factor associated with investing in Xian LONGi Silicon.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xian Stock
Xian LONGi financial ratios help investors to determine whether Xian 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 Xian with respect to the benefits of owning Xian LONGi security.