Goke Microelectronics' market value is the price at which a share of Goke Microelectronics trades on a public exchange. It measures the collective expectations of Goke Microelectronics Co investors about its performance. Goke Microelectronics is trading at 61.68 as of the 16th of January 2025, a 0.19 percent increase since the beginning of the trading day. The stock's open price was 61.56. With this module, you can estimate the performance of a buy and hold strategy of Goke Microelectronics Co and determine expected loss or profit from investing in Goke Microelectronics over a given investment horizon. Check out Goke Microelectronics Correlation, Goke Microelectronics Volatility and Goke Microelectronics Alpha and Beta module to complement your research on Goke Microelectronics.
Please note, there is a significant difference between Goke Microelectronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Goke Microelectronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goke Microelectronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Goke Microelectronics '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 Goke Microelectronics' 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 Goke Microelectronics.
0.00
12/17/2024
No Change 0.00
0.0
In 30 days
01/16/2025
0.00
If you would invest 0.00 in Goke Microelectronics on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Goke Microelectronics Co or generate 0.0% return on investment in Goke Microelectronics over 30 days. Goke Microelectronics is related to or competes with Ningbo Tip, Advanced Technology, Pengxin International, Sanxiang Advanced, Kangxin New, Chengtun Mining, and Chongqing Brewery. Goke Microelectronics is entity of China More
Goke Microelectronics 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 Goke Microelectronics' 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 Goke Microelectronics Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goke Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goke Microelectronics' standard deviation. In reality, there are many statistical measures that can use Goke Microelectronics historical prices to predict the future Goke Microelectronics' volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Goke Microelectronics. Your research has to be compared to or analyzed against Goke Microelectronics' peers to derive any actionable benefits. When done correctly, Goke Microelectronics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Goke Microelectronics.
Goke Microelectronics Backtested Returns
Goke Microelectronics holds Efficiency (Sharpe) Ratio of -0.0934, which attests that the entity had a -0.0934% return per unit of risk over the last 3 months. Goke Microelectronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goke Microelectronics' Standard Deviation of 3.31, risk adjusted performance of (0.03), and Market Risk Adjusted Performance of (0.27) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Goke Microelectronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Goke Microelectronics is expected to be smaller as well. At this point, Goke Microelectronics has a negative expected return of -0.28%. Please make sure to check out Goke Microelectronics' jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Goke Microelectronics performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.46
Modest reverse predictability
Goke Microelectronics Co has modest reverse predictability. Overlapping area represents the amount of predictability between Goke Microelectronics time series from 17th of December 2024 to 1st of January 2025 and 1st of January 2025 to 16th of January 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 Goke Microelectronics price movement. The serial correlation of -0.46 indicates that about 46.0% of current Goke Microelectronics price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.46
Spearman Rank Test
0.27
Residual Average
0.0
Price Variance
1.94
Goke Microelectronics lagged returns against current returns
Autocorrelation, which is Goke Microelectronics 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 Goke Microelectronics' stock expected returns. We can calculate the autocorrelation of Goke Microelectronics returns to help us make a trade decision. For example, suppose you find that Goke Microelectronics 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
Goke Microelectronics 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 Goke Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goke Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goke Microelectronics stock over time.
Current vs Lagged Prices
Timeline
Goke Microelectronics Lagged Returns
When evaluating Goke Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goke Microelectronics stock have on its future price. Goke Microelectronics 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, Goke Microelectronics autocorrelation shows the relationship between Goke Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Goke Microelectronics Co.
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.
Goke Microelectronics financial ratios help investors to determine whether Goke Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Goke with respect to the benefits of owning Goke Microelectronics security.