Gordon Auto (Taiwan) Market Value
| 1524 Stock | TWD 39.15 0.55 1.42% |
| Symbol | Gordon |
Gordon Auto '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 Gordon Auto'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 Gordon Auto.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Gordon Auto on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Gordon Auto Body or generate 0.0% return on investment in Gordon Auto over 30 days. Gordon Auto is related to or competes with Chaintech Technology, AVerMedia Technologies, Avision, Clevo, and Elitegroup Computer. Gordon Auto Body Parts Co., Ltd. manufactures and sells automotive sheet metal replacement crash parts worldwide More
Gordon Auto 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 Gordon Auto'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 Gordon Auto Body upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.1126 | |||
| Maximum Drawdown | 11.03 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 5.55 |
Gordon Auto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gordon Auto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gordon Auto's standard deviation. In reality, there are many statistical measures that can use Gordon Auto historical prices to predict the future Gordon Auto's volatility.| Risk Adjusted Performance | 0.1384 | |||
| Jensen Alpha | 0.3492 | |||
| Total Risk Alpha | 0.0023 | |||
| Sortino Ratio | 0.1483 | |||
| Treynor Ratio | 1.3 |
Gordon Auto Body Backtested Returns
Gordon Auto appears to be very steady, given 3 months investment horizon. Gordon Auto Body holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gordon Auto Body, which you can use to evaluate the volatility of the firm. Please utilize Gordon Auto's Market Risk Adjusted Performance of 1.31, risk adjusted performance of 0.1384, and Downside Deviation of 1.75 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gordon Auto holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.3, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gordon Auto's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gordon Auto is expected to be smaller as well. Please check Gordon Auto's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Gordon Auto's current trending patterns will revert.
Auto-correlation | 0.64 |
Good predictability
Gordon Auto Body has good predictability. Overlapping area represents the amount of predictability between Gordon Auto time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Gordon Auto Body price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Gordon Auto price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Gordon Auto Body lagged returns against current returns
Autocorrelation, which is Gordon Auto 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 Gordon Auto's stock expected returns. We can calculate the autocorrelation of Gordon Auto returns to help us make a trade decision. For example, suppose you find that Gordon Auto 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 |
Gordon Auto 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 Gordon Auto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gordon Auto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gordon Auto stock over time.
Current vs Lagged Prices |
| Timeline |
Gordon Auto Lagged Returns
When evaluating Gordon Auto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gordon Auto stock have on its future price. Gordon Auto 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, Gordon Auto autocorrelation shows the relationship between Gordon Auto stock current value and its past values and can show if there is a momentum factor associated with investing in Gordon Auto Body.
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.Additional Tools for Gordon Stock Analysis
When running Gordon Auto's price analysis, check to measure Gordon Auto'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 Gordon Auto is operating at the current time. Most of Gordon Auto's value examination focuses on studying past and present price action to predict the probability of Gordon Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gordon Auto's price. Additionally, you may evaluate how the addition of Gordon Auto to your portfolios can decrease your overall portfolio volatility.