WuXi Xinje (China) Market Value
| 603416 Stock | 41.90 1.25 3.08% |
| Symbol | WuXi |
WuXi Xinje '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 WuXi Xinje'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 WuXi Xinje.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in WuXi Xinje on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding WuXi Xinje Electric or generate 0.0% return on investment in WuXi Xinje over 720 days. WuXi Xinje is related to or competes with AVCON Information, Hangzhou Gisway, Shenzhen SDG, YLZ Information, Guangzhou Ruoyuchen, Emdoor Information, and Yuan Longping. WuXi Xinje is entity of China. It is traded as Stock on SHG exchange. More
WuXi Xinje 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 WuXi Xinje'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 WuXi Xinje Electric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | 0.1776 | |||
| Maximum Drawdown | 18.35 | |||
| Value At Risk | (4.64) | |||
| Potential Upside | 5.04 |
WuXi Xinje Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WuXi Xinje's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WuXi Xinje's standard deviation. In reality, there are many statistical measures that can use WuXi Xinje historical prices to predict the future WuXi Xinje's volatility.| Risk Adjusted Performance | 0.1562 | |||
| Jensen Alpha | 0.5901 | |||
| Total Risk Alpha | 0.5001 | |||
| Sortino Ratio | 0.1951 | |||
| Treynor Ratio | (29.33) |
WuXi Xinje Electric Backtested Returns
WuXi Xinje appears to be very steady, given 3 months investment horizon. WuXi Xinje Electric shows Sharpe Ratio of 0.21, which attests that the company had a 0.21% return per unit of risk over the last 3 months. By examining WuXi Xinje's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize WuXi Xinje's Downside Deviation of 2.91, mean deviation of 2.46, and Market Risk Adjusted Performance of (29.32) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WuXi Xinje holds a performance score of 16. The firm maintains a market beta of -0.0201, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WuXi Xinje are expected to decrease at a much lower rate. During the bear market, WuXi Xinje is likely to outperform the market. Please check WuXi Xinje's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether WuXi Xinje's historical returns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
WuXi Xinje Electric has weak reverse predictability. Overlapping area represents the amount of predictability between WuXi Xinje time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 WuXi Xinje Electric price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current WuXi Xinje price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 16.49 |
WuXi Xinje Electric lagged returns against current returns
Autocorrelation, which is WuXi Xinje 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 WuXi Xinje's stock expected returns. We can calculate the autocorrelation of WuXi Xinje returns to help us make a trade decision. For example, suppose you find that WuXi Xinje 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 |
WuXi Xinje 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 WuXi Xinje stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WuXi Xinje stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WuXi Xinje stock over time.
Current vs Lagged Prices |
| Timeline |
WuXi Xinje Lagged Returns
When evaluating WuXi Xinje's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WuXi Xinje stock have on its future price. WuXi Xinje 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, WuXi Xinje autocorrelation shows the relationship between WuXi Xinje stock current value and its past values and can show if there is a momentum factor associated with investing in WuXi Xinje Electric.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in WuXi Stock
WuXi Xinje financial ratios help investors to determine whether WuXi 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 WuXi with respect to the benefits of owning WuXi Xinje security.