Goldsun Building (Taiwan) Market Value
| 2504 Stock | TWD 53.20 0.90 1.66% |
| Symbol | Goldsun |
Goldsun Building '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 Goldsun Building'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 Goldsun Building.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Goldsun Building on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Goldsun Building Materials or generate 0.0% return on investment in Goldsun Building over 720 days. Goldsun Building is related to or competes with Cathay Real, Huaku Development, BES Engineering, Prince Housing, and Taiwan Cement. Goldsun Building Materials Co., Ltd. produces and sells ready-mixed concrete, cement, and fireproof building material in... More
Goldsun Building 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 Goldsun Building'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 Goldsun Building Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.0018 | |||
| Maximum Drawdown | 9.57 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 3.24 |
Goldsun Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldsun Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldsun Building's standard deviation. In reality, there are many statistical measures that can use Goldsun Building historical prices to predict the future Goldsun Building's volatility.| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | 0.1952 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0016 | |||
| Treynor Ratio | (0.21) |
Goldsun Building Mat Backtested Returns
At this stage we consider Goldsun Stock to be very steady. Goldsun Building Mat holds Efficiency (Sharpe) Ratio of 0.0131, which attests that the entity had a 0.0131% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Goldsun Building Mat, which you can use to evaluate the volatility of the firm. Please check out Goldsun Building's Market Risk Adjusted Performance of (0.20), risk adjusted performance of 0.0564, and Downside Deviation of 2.28 to validate if the risk estimate we provide is consistent with the expected return of 0.0273%. Goldsun Building has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Goldsun Building are expected to decrease at a much lower rate. During the bear market, Goldsun Building is likely to outperform the market. Goldsun Building Mat right now retains a risk of 2.08%. Please check out Goldsun Building coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Goldsun Building will be following its current trending patterns.
Auto-correlation | 0.07 |
Virtually no predictability
Goldsun Building Materials has virtually no predictability. Overlapping area represents the amount of predictability between Goldsun Building time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Goldsun Building Mat price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Goldsun Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 91.37 |
Goldsun Building Mat lagged returns against current returns
Autocorrelation, which is Goldsun Building 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 Goldsun Building's stock expected returns. We can calculate the autocorrelation of Goldsun Building returns to help us make a trade decision. For example, suppose you find that Goldsun Building 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 |
Goldsun Building 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 Goldsun Building stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldsun Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldsun Building stock over time.
Current vs Lagged Prices |
| Timeline |
Goldsun Building Lagged Returns
When evaluating Goldsun Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldsun Building stock have on its future price. Goldsun Building 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, Goldsun Building autocorrelation shows the relationship between Goldsun Building stock current value and its past values and can show if there is a momentum factor associated with investing in Goldsun Building Materials.
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 Goldsun Stock Analysis
When running Goldsun Building's price analysis, check to measure Goldsun Building'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 Goldsun Building is operating at the current time. Most of Goldsun Building's value examination focuses on studying past and present price action to predict the probability of Goldsun Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldsun Building's price. Additionally, you may evaluate how the addition of Goldsun Building to your portfolios can decrease your overall portfolio volatility.