Goodway Machine (Taiwan) Market Value
| 1583 Stock | TWD 64.70 0.60 0.92% |
| Symbol | Goodway |
Goodway Machine '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 Goodway Machine'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 Goodway Machine.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Goodway Machine on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Goodway Machine Corp or generate 0.0% return on investment in Goodway Machine over 30 days. Goodway Machine is related to or competes with Trade Van, Forest Water, Mayer Steel, Evergreen International, Oceanic Beverages, Transcend Information, and ECOVE Environment. Goodway Machine Corp. develops, manufactures, and sells turning machines More
Goodway Machine 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 Goodway Machine'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 Goodway Machine Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.1204 | |||
| Maximum Drawdown | 9.0 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.85 |
Goodway Machine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodway Machine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodway Machine's standard deviation. In reality, there are many statistical measures that can use Goodway Machine historical prices to predict the future Goodway Machine's volatility.| Risk Adjusted Performance | 0.0952 | |||
| Jensen Alpha | 0.1618 | |||
| Total Risk Alpha | 0.1751 | |||
| Sortino Ratio | 0.1593 | |||
| Treynor Ratio | (1.12) |
Goodway Machine Corp Backtested Returns
At this stage we consider Goodway Stock to be very steady. Goodway Machine Corp holds Efficiency (Sharpe) Ratio of 0.0978, which attests that the entity had a 0.0978 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Goodway Machine Corp, which you can use to evaluate the volatility of the firm. Please check out Goodway Machine's Downside Deviation of 1.06, risk adjusted performance of 0.0952, and Market Risk Adjusted Performance of (1.11) to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Goodway Machine has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Goodway Machine are expected to decrease at a much lower rate. During the bear market, Goodway Machine is likely to outperform the market. Goodway Machine Corp right now retains a risk of 1.45%. Please check out Goodway Machine downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Goodway Machine will be following its current trending patterns.
Auto-correlation | 0.84 |
Very good predictability
Goodway Machine Corp has very good predictability. Overlapping area represents the amount of predictability between Goodway Machine time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Goodway Machine Corp price movement. The serial correlation of 0.84 indicates that around 84.0% of current Goodway Machine price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 1.39 |
Goodway Machine Corp lagged returns against current returns
Autocorrelation, which is Goodway Machine 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 Goodway Machine's stock expected returns. We can calculate the autocorrelation of Goodway Machine returns to help us make a trade decision. For example, suppose you find that Goodway Machine 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 |
Goodway Machine 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 Goodway Machine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodway Machine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodway Machine stock over time.
Current vs Lagged Prices |
| Timeline |
Goodway Machine Lagged Returns
When evaluating Goodway Machine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodway Machine stock have on its future price. Goodway Machine 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, Goodway Machine autocorrelation shows the relationship between Goodway Machine stock current value and its past values and can show if there is a momentum factor associated with investing in Goodway Machine Corp.
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 Goodway Stock Analysis
When running Goodway Machine's price analysis, check to measure Goodway Machine'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 Goodway Machine is operating at the current time. Most of Goodway Machine's value examination focuses on studying past and present price action to predict the probability of Goodway Machine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodway Machine's price. Additionally, you may evaluate how the addition of Goodway Machine to your portfolios can decrease your overall portfolio volatility.