Gigastorage Corp (Taiwan) Market Value
| 2406 Stock | TWD 16.80 0.10 0.59% |
| Symbol | Gigastorage |
Gigastorage Corp '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 Gigastorage Corp'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 Gigastorage Corp.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Gigastorage Corp on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Gigastorage Corp or generate 0.0% return on investment in Gigastorage Corp over 180 days. Gigastorage Corp is related to or competes with United Microelectronics, and Winbond Electronics. Gigastorage Corporation operates in the optoelectronics industry in Taiwan More
Gigastorage Corp 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 Gigastorage Corp'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 Gigastorage Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 7.3 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 3.29 |
Gigastorage Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gigastorage Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gigastorage Corp's standard deviation. In reality, there are many statistical measures that can use Gigastorage Corp historical prices to predict the future Gigastorage Corp's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (1.52) |
Gigastorage Corp Backtested Returns
Gigastorage Corp holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Gigastorage Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gigastorage Corp's Market Risk Adjusted Performance of (1.51), risk adjusted performance of (0.11), and Standard Deviation of 1.81 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gigastorage Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gigastorage Corp is expected to be smaller as well. At this point, Gigastorage Corp has a negative expected return of -0.29%. Please make sure to check out Gigastorage Corp's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Gigastorage Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Gigastorage Corp has good predictability. Overlapping area represents the amount of predictability between Gigastorage Corp time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Gigastorage Corp price movement. The serial correlation of 0.67 indicates that around 67.0% of current Gigastorage Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
Gigastorage Corp lagged returns against current returns
Autocorrelation, which is Gigastorage Corp 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 Gigastorage Corp's stock expected returns. We can calculate the autocorrelation of Gigastorage Corp returns to help us make a trade decision. For example, suppose you find that Gigastorage Corp 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 |
Gigastorage Corp 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 Gigastorage Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gigastorage Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gigastorage Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Gigastorage Corp Lagged Returns
When evaluating Gigastorage Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gigastorage Corp stock have on its future price. Gigastorage Corp 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, Gigastorage Corp autocorrelation shows the relationship between Gigastorage Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Gigastorage Corp.
Regressed Prices |
| Timeline |
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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 Gigastorage Stock Analysis
When running Gigastorage Corp's price analysis, check to measure Gigastorage Corp'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 Gigastorage Corp is operating at the current time. Most of Gigastorage Corp's value examination focuses on studying past and present price action to predict the probability of Gigastorage Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gigastorage Corp's price. Additionally, you may evaluate how the addition of Gigastorage Corp to your portfolios can decrease your overall portfolio volatility.