Greatek Electronics (Taiwan) Market Value
| 2441 Stock | TWD 57.10 1.00 1.78% |
| Symbol | Greatek |
Greatek Electronics '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 Greatek Electronics' 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 Greatek Electronics.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Greatek Electronics on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Greatek Electronics or generate 0.0% return on investment in Greatek Electronics over 30 days. Greatek Electronics is related to or competes with Novatek Microelectronics, MediaTek, Quanta Computer, and United Microelectronics. Greatek Electronics Inc. provides leadframe base packaging services in Taiwan More
Greatek Electronics 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 Greatek Electronics' 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 Greatek Electronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 5.03 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.25 |
Greatek Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greatek Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greatek Electronics' standard deviation. In reality, there are many statistical measures that can use Greatek Electronics historical prices to predict the future Greatek Electronics' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.5516 |
Greatek Electronics Backtested Returns
Greatek Electronics holds Efficiency (Sharpe) Ratio of -0.0779, which attests that the entity had a -0.0779% return per unit of risk over the last 3 months. Greatek Electronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greatek Electronics' Standard Deviation of 1.15, market risk adjusted performance of 0.5616, and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Greatek Electronics are expected to decrease at a much lower rate. During the bear market, Greatek Electronics is likely to outperform the market. At this point, Greatek Electronics has a negative expected return of -0.0812%. Please make sure to check out Greatek Electronics' market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Greatek Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Greatek Electronics has poor predictability. Overlapping area represents the amount of predictability between Greatek Electronics time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Greatek Electronics price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Greatek Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Greatek Electronics lagged returns against current returns
Autocorrelation, which is Greatek Electronics 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 Greatek Electronics' stock expected returns. We can calculate the autocorrelation of Greatek Electronics returns to help us make a trade decision. For example, suppose you find that Greatek Electronics 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 |
Greatek Electronics 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 Greatek Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greatek Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greatek Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Greatek Electronics Lagged Returns
When evaluating Greatek Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greatek Electronics stock have on its future price. Greatek Electronics 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, Greatek Electronics autocorrelation shows the relationship between Greatek Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Greatek Electronics.
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 Greatek Stock Analysis
When running Greatek Electronics' price analysis, check to measure Greatek Electronics' 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 Greatek Electronics is operating at the current time. Most of Greatek Electronics' value examination focuses on studying past and present price action to predict the probability of Greatek Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greatek Electronics' price. Additionally, you may evaluate how the addition of Greatek Electronics to your portfolios can decrease your overall portfolio volatility.