Gudeng Precision (Taiwan) Market Value
| 3680 Stock | TWD 501.00 16.00 3.09% |
| Symbol | Gudeng |
Gudeng Precision '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 Gudeng Precision'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 Gudeng Precision.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Gudeng Precision on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Gudeng Precision Industrial or generate 0.0% return on investment in Gudeng Precision over 720 days. Gudeng Precision is related to or competes with GlobalWafers, Vanguard International, Marketech International, WIN Semiconductors, and Xintec. More
Gudeng Precision 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 Gudeng Precision'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 Gudeng Precision Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.1 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 4.39 |
Gudeng Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gudeng Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gudeng Precision's standard deviation. In reality, there are many statistical measures that can use Gudeng Precision historical prices to predict the future Gudeng Precision's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.06) |
Gudeng Precision Ind Backtested Returns
Gudeng Precision Ind holds Efficiency (Sharpe) Ratio of -0.0537, which attests that the entity had a -0.0537% return per unit of risk over the last 3 months. Gudeng Precision Ind exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gudeng Precision's Market Risk Adjusted Performance of (0.05), insignificant risk adjusted performance, and Standard Deviation of 2.42 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gudeng Precision's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gudeng Precision is expected to be smaller as well. At this point, Gudeng Precision Ind has a negative expected return of -0.12%. Please make sure to check out Gudeng Precision's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Gudeng Precision Ind performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Gudeng Precision Industrial has average predictability. Overlapping area represents the amount of predictability between Gudeng Precision time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Gudeng Precision Ind price movement. The serial correlation of 0.48 indicates that about 48.0% of current Gudeng Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 4651.89 |
Gudeng Precision Ind lagged returns against current returns
Autocorrelation, which is Gudeng Precision 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 Gudeng Precision's stock expected returns. We can calculate the autocorrelation of Gudeng Precision returns to help us make a trade decision. For example, suppose you find that Gudeng Precision 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 |
Gudeng Precision 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 Gudeng Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gudeng Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gudeng Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Gudeng Precision Lagged Returns
When evaluating Gudeng Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gudeng Precision stock have on its future price. Gudeng Precision 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, Gudeng Precision autocorrelation shows the relationship between Gudeng Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Gudeng Precision Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Gudeng Precision
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gudeng Precision position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gudeng Precision will appreciate offsetting losses from the drop in the long position's value.Moving together with Gudeng Stock
Moving against Gudeng Stock
The ability to find closely correlated positions to Gudeng Precision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gudeng Precision when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gudeng Precision - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gudeng Precision Industrial to buy it.
The correlation of Gudeng Precision is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gudeng Precision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gudeng Precision Ind moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gudeng Precision can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Gudeng Stock Analysis
When running Gudeng Precision's price analysis, check to measure Gudeng Precision'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 Gudeng Precision is operating at the current time. Most of Gudeng Precision's value examination focuses on studying past and present price action to predict the probability of Gudeng Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gudeng Precision's price. Additionally, you may evaluate how the addition of Gudeng Precision to your portfolios can decrease your overall portfolio volatility.