Good Will (Taiwan) Market Value
| 2423 Stock | TWD 43.15 0.10 0.23% |
| Symbol | Good |
Good Will '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 Good Will'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 Good Will.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Good Will on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Good Will Instrument or generate 0.0% return on investment in Good Will over 570 days. Good Will is related to or competes with Zippy Technology, Unitech Computer, Chroma ATE, Greatek Electronics, and United Integrated. Good Will Instrument Co., Ltd. manufactures and markets electrical test and measurement instruments for educational and ... More
Good Will 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 Good Will'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 Good Will Instrument upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.0561 | |||
| Maximum Drawdown | 6.58 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 3.1 |
Good Will Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Good Will's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Good Will's standard deviation. In reality, there are many statistical measures that can use Good Will historical prices to predict the future Good Will's volatility.| Risk Adjusted Performance | 0.1202 | |||
| Jensen Alpha | 0.2045 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0579 | |||
| Treynor Ratio | (1.43) |
Good Will Instrument Backtested Returns
At this stage we consider Good Stock to be very steady. Good Will Instrument holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Good Will Instrument, which you can use to evaluate the volatility of the firm. Please check out Good Will's Market Risk Adjusted Performance of (1.42), risk adjusted performance of 0.1202, and Downside Deviation of 1.28 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Good Will has a performance score of 11 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Good Will are expected to decrease at a much lower rate. During the bear market, Good Will is likely to outperform the market. Good Will Instrument right now retains a risk of 1.33%. Please check out Good Will standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Good Will will be following its current trending patterns.
Auto-correlation | 0.07 |
Virtually no predictability
Good Will Instrument has virtually no predictability. Overlapping area represents the amount of predictability between Good Will time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 Good Will Instrument price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Good Will price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 4.84 |
Good Will Instrument lagged returns against current returns
Autocorrelation, which is Good Will 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 Good Will's stock expected returns. We can calculate the autocorrelation of Good Will returns to help us make a trade decision. For example, suppose you find that Good Will 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 |
Good Will 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 Good Will stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Good Will stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Good Will stock over time.
Current vs Lagged Prices |
| Timeline |
Good Will Lagged Returns
When evaluating Good Will's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Good Will stock have on its future price. Good Will 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, Good Will autocorrelation shows the relationship between Good Will stock current value and its past values and can show if there is a momentum factor associated with investing in Good Will Instrument.
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 Good Stock Analysis
When running Good Will's price analysis, check to measure Good Will'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 Good Will is operating at the current time. Most of Good Will's value examination focuses on studying past and present price action to predict the probability of Good Will's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Good Will's price. Additionally, you may evaluate how the addition of Good Will to your portfolios can decrease your overall portfolio volatility.