GS Retail (Korea) Market Value
| 007070 Stock | 22,600 950.00 4.39% |
| Symbol | 007070 |
GS Retail '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 GS Retail'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 GS Retail.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in GS Retail on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding GS Retail Co or generate 0.0% return on investment in GS Retail over 30 days. GS Retail is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
GS Retail 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 GS Retail'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 GS Retail Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.17 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 3.85 |
GS Retail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GS Retail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GS Retail's standard deviation. In reality, there are many statistical measures that can use GS Retail historical prices to predict the future GS Retail's volatility.| Risk Adjusted Performance | 0.0348 | |||
| Jensen Alpha | 0.0504 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.6104 |
GS Retail Backtested Returns
At this point, GS Retail is very steady. GS Retail retains Efficiency (Sharpe Ratio) of 0.0688, which attests that the entity had a 0.0688% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for GS Retail, which you can use to evaluate the volatility of the firm. Please check out GS Retail's Semi Deviation of 1.71, standard deviation of 1.85, and Market Risk Adjusted Performance of 0.6204 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. GS Retail has a performance score of 5 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.0986, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GS Retail's returns are expected to increase less than the market. However, during the bear market, the loss of holding GS Retail is expected to be smaller as well. GS Retail today owns a risk of 1.97%. Please check out GS Retail Co market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if GS Retail Co will be following its current price history.
Auto-correlation | 0.60 |
Good predictability
GS Retail Co has good predictability. Overlapping area represents the amount of predictability between GS Retail time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 GS Retail price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current GS Retail price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 398.3 K |
GS Retail lagged returns against current returns
Autocorrelation, which is GS Retail 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 GS Retail's stock expected returns. We can calculate the autocorrelation of GS Retail returns to help us make a trade decision. For example, suppose you find that GS Retail 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 |
GS Retail 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 GS Retail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GS Retail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GS Retail stock over time.
Current vs Lagged Prices |
| Timeline |
GS Retail Lagged Returns
When evaluating GS Retail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GS Retail stock have on its future price. GS Retail 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, GS Retail autocorrelation shows the relationship between GS Retail stock current value and its past values and can show if there is a momentum factor associated with investing in GS Retail Co.
Regressed Prices |
| Timeline |
Pair Trading with GS Retail
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GS Retail position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GS Retail will appreciate offsetting losses from the drop in the long position's value.Moving against 007070 Stock
The ability to find closely correlated positions to GS Retail could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GS Retail when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GS Retail - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GS Retail Co to buy it.
The correlation of GS Retail is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GS Retail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GS Retail moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GS Retail can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in 007070 Stock
GS Retail financial ratios help investors to determine whether 007070 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 007070 with respect to the benefits of owning GS Retail security.