Goertek (China) Market Value
| 002241 Stock | 23.45 1.21 4.91% |
| Symbol | Goertek |
Goertek '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 Goertek'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 Goertek.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Goertek on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Goertek or generate 0.0% return on investment in Goertek over 30 days. Goertek is related to or competes with Nanjing Putian, Shenzhen Hifuture, Shenyang Huitian, Jiangsu Xinning, Hubei Geoway, Yunnan Yuntou, and Datang Telecom. Goertek is entity of China. It is traded as Stock on SHE exchange. More
Goertek 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 Goertek'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 Goertek upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.0594 | |||
| Maximum Drawdown | 17.67 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 6.89 |
Goertek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goertek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goertek's standard deviation. In reality, there are many statistical measures that can use Goertek historical prices to predict the future Goertek's volatility.| Risk Adjusted Performance | 0.0827 | |||
| Jensen Alpha | 0.4143 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.07 | |||
| Treynor Ratio | (0.43) |
Goertek Backtested Returns
Goertek appears to be not too volatile, given 3 months investment horizon. Goertek holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Goertek, which you can use to evaluate the volatility of the firm. Please utilize Goertek's Downside Deviation of 2.9, risk adjusted performance of 0.0827, and Market Risk Adjusted Performance of (0.42) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Goertek holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Goertek are expected to decrease at a much lower rate. During the bear market, Goertek is likely to outperform the market. Please check Goertek'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 Goertek's current trending patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Goertek has modest reverse predictability. Overlapping area represents the amount of predictability between Goertek time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 Goertek price movement. The serial correlation of -0.48 indicates that about 48.0% of current Goertek price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Goertek lagged returns against current returns
Autocorrelation, which is Goertek 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 Goertek's stock expected returns. We can calculate the autocorrelation of Goertek returns to help us make a trade decision. For example, suppose you find that Goertek 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 |
Goertek 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 Goertek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goertek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goertek stock over time.
Current vs Lagged Prices |
| Timeline |
Goertek Lagged Returns
When evaluating Goertek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goertek stock have on its future price. Goertek 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, Goertek autocorrelation shows the relationship between Goertek stock current value and its past values and can show if there is a momentum factor associated with investing in Goertek.
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.Other Information on Investing in Goertek Stock
Goertek financial ratios help investors to determine whether Goertek 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 Goertek with respect to the benefits of owning Goertek security.