Xinjiang Goldwind Science Stock Market Value
XJNGF Stock | USD 0.38 0.03 7.32% |
Symbol | Xinjiang |
Xinjiang Goldwind '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 Goldwind's pink sheet 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 Goldwind.
06/03/2023 |
| 03/29/2024 |
If you would invest 0.00 in Xinjiang Goldwind on June 3, 2023 and sell it all today you would earn a total of 0.00 from holding Xinjiang Goldwind Science or generate 0.0% return on investment in Xinjiang Goldwind over 300 days. Xinjiang Goldwind is related to or competes with General Electric, Eaton PLC, Illinois Tool, Parker Hannifin, Emerson Electric, and Ford. Xinjiang Goldwind Science Technology Co., Ltd., together with its subsidiaries, provides wind power solutions in China a... More
Xinjiang Goldwind 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 Goldwind's pink sheet 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 Goldwind Science upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.05) | |||
Maximum Drawdown | 21.21 | |||
Value At Risk | (5.26) | |||
Potential Upside | 5.26 |
Xinjiang Goldwind Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xinjiang Goldwind's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xinjiang Goldwind's standard deviation. In reality, there are many statistical measures that can use Xinjiang Goldwind historical prices to predict the future Xinjiang Goldwind's volatility.Risk Adjusted Performance | 0.003 | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.75) | |||
Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xinjiang Goldwind's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Xinjiang Goldwind Science Backtested Returns
Xinjiang Goldwind Science shows Sharpe Ratio of -0.079, which attests that the company had a -0.079% return per unit of risk over the last 3 months. Xinjiang Goldwind Science exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xinjiang Goldwind's Market Risk Adjusted Performance of (0.06), mean deviation of 1.31, and Standard Deviation of 3.14 to validate the risk estimate we provide. The firm maintains a market beta of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xinjiang Goldwind's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xinjiang Goldwind is expected to be smaller as well. Xinjiang Goldwind Science has an expected return of -0.23%. Please make sure to check out Xinjiang Goldwind Science jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Xinjiang Goldwind Science performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.88 |
Very good predictability
Xinjiang Goldwind Science has very good predictability. Overlapping area represents the amount of predictability between Xinjiang Goldwind time series from 3rd of June 2023 to 31st of October 2023 and 31st of October 2023 to 29th of March 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 Goldwind Science price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Xinjiang Goldwind price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.88 | |
Spearman Rank Test | 0.64 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Xinjiang Goldwind Science lagged returns against current returns
Autocorrelation, which is Xinjiang Goldwind pink sheet'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 Goldwind's pink sheet expected returns. We can calculate the autocorrelation of Xinjiang Goldwind returns to help us make a trade decision. For example, suppose you find that Xinjiang Goldwind has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Goldwind 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 Goldwind pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xinjiang Goldwind pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xinjiang Goldwind pink sheet over time.
Current vs Lagged Prices |
Timeline |
Xinjiang Goldwind Lagged Returns
When evaluating Xinjiang Goldwind's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xinjiang Goldwind pink sheet have on its future price. Xinjiang Goldwind 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 Goldwind autocorrelation shows the relationship between Xinjiang Goldwind pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Xinjiang Goldwind Science.
Regressed Prices |
Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.CLSK | CleanSpark | |
V | Visa Class A | |
CDLX | Cardlytics |
Check out Xinjiang Goldwind Correlation, Xinjiang Goldwind Volatility and Xinjiang Goldwind Alpha and Beta module to complement your research on Xinjiang Goldwind. Note that the Xinjiang Goldwind Science information on this page should be used as a complementary analysis to other Xinjiang Goldwind's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Xinjiang Pink Sheet analysis
When running Xinjiang Goldwind's price analysis, check to measure Xinjiang Goldwind's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Xinjiang Goldwind is operating at the current time. Most of Xinjiang Goldwind's value examination focuses on studying past and present price action to predict the probability of Xinjiang Goldwind's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xinjiang Goldwind's price. Additionally, you may evaluate how the addition of Xinjiang Goldwind to your portfolios can decrease your overall portfolio volatility.
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Xinjiang Goldwind technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.