Sanxiang Advanced (China) Market Value
| 603663 Stock | 16.55 0.05 0.30% |
| Symbol | Sanxiang |
Sanxiang Advanced '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 Sanxiang Advanced'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 Sanxiang Advanced.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Sanxiang Advanced on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Sanxiang Advanced Materials or generate 0.0% return on investment in Sanxiang Advanced over 180 days. Sanxiang Advanced is related to or competes with Zijin Mining, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, and Hoshine Silicon. Sanxiang Advanced is entity of China. It is traded as Stock on SHG exchange. More
Sanxiang Advanced 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 Sanxiang Advanced'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 Sanxiang Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.77 | |||
| Information Ratio | 0.0994 | |||
| Maximum Drawdown | 19.79 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 6.86 |
Sanxiang Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanxiang Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanxiang Advanced's standard deviation. In reality, there are many statistical measures that can use Sanxiang Advanced historical prices to predict the future Sanxiang Advanced's volatility.| Risk Adjusted Performance | 0.0938 | |||
| Jensen Alpha | 0.4066 | |||
| Total Risk Alpha | 0.2978 | |||
| Sortino Ratio | 0.1015 | |||
| Treynor Ratio | (5.98) |
Sanxiang Advanced Backtested Returns
At this point, Sanxiang Advanced is somewhat reliable. Sanxiang Advanced owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0212, which indicates the firm had a 0.0212% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sanxiang Advanced Materials, which you can use to evaluate the volatility of the company. Please validate Sanxiang Advanced's Risk Adjusted Performance of 0.0938, coefficient of variation of 928.33, and Semi Deviation of 3.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.0796%. Sanxiang Advanced has a performance score of 1 on a scale of 0 to 100. The entity has a beta of -0.0677, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sanxiang Advanced are expected to decrease at a much lower rate. During the bear market, Sanxiang Advanced is likely to outperform the market. Sanxiang Advanced right now has a risk of 3.76%. Please validate Sanxiang Advanced information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Sanxiang Advanced will be following its existing price patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
Sanxiang Advanced Materials has weak reverse predictability. Overlapping area represents the amount of predictability between Sanxiang Advanced time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Sanxiang Advanced price movement. The serial correlation of -0.25 indicates that over 25.0% of current Sanxiang Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
Sanxiang Advanced lagged returns against current returns
Autocorrelation, which is Sanxiang Advanced 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 Sanxiang Advanced's stock expected returns. We can calculate the autocorrelation of Sanxiang Advanced returns to help us make a trade decision. For example, suppose you find that Sanxiang Advanced 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 |
Sanxiang Advanced 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 Sanxiang Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanxiang Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanxiang Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Sanxiang Advanced Lagged Returns
When evaluating Sanxiang Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanxiang Advanced stock have on its future price. Sanxiang Advanced 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, Sanxiang Advanced autocorrelation shows the relationship between Sanxiang Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Sanxiang Advanced Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sanxiang Stock
Sanxiang Advanced financial ratios help investors to determine whether Sanxiang 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 Sanxiang with respect to the benefits of owning Sanxiang Advanced security.