Gemtek Technology (Taiwan) Market Value
| 4906 Stock | TWD 35.65 0.20 0.56% |
| Symbol | Gemtek |
Gemtek Technology '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 Gemtek Technology'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 Gemtek Technology.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Gemtek Technology on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Gemtek Technology Co or generate 0.0% return on investment in Gemtek Technology over 720 days. Gemtek Technology is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. Gemtek Technology Co., Ltd. designs, develops, manufactures, and sells wireless communications technologies and solution... More
Gemtek Technology 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 Gemtek Technology'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 Gemtek Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 8.71 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 2.22 |
Gemtek Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gemtek Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gemtek Technology's standard deviation. In reality, there are many statistical measures that can use Gemtek Technology historical prices to predict the future Gemtek Technology's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (2.05) |
Gemtek Technology Backtested Returns
Gemtek Technology holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Gemtek Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gemtek Technology's Standard Deviation of 1.82, market risk adjusted performance of (2.04), and Risk Adjusted Performance of (0.1) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gemtek Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gemtek Technology is expected to be smaller as well. At this point, Gemtek Technology has a negative expected return of -0.26%. Please make sure to check out Gemtek Technology's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Gemtek Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Gemtek Technology Co has modest predictability. Overlapping area represents the amount of predictability between Gemtek Technology time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Gemtek Technology price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Gemtek Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 8.73 |
Gemtek Technology lagged returns against current returns
Autocorrelation, which is Gemtek Technology 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 Gemtek Technology's stock expected returns. We can calculate the autocorrelation of Gemtek Technology returns to help us make a trade decision. For example, suppose you find that Gemtek Technology 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 |
Gemtek Technology 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 Gemtek Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gemtek Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gemtek Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Gemtek Technology Lagged Returns
When evaluating Gemtek Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gemtek Technology stock have on its future price. Gemtek Technology 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, Gemtek Technology autocorrelation shows the relationship between Gemtek Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Gemtek Technology Co.
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 Gemtek Stock Analysis
When running Gemtek Technology's price analysis, check to measure Gemtek Technology'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 Gemtek Technology is operating at the current time. Most of Gemtek Technology's value examination focuses on studying past and present price action to predict the probability of Gemtek Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gemtek Technology's price. Additionally, you may evaluate how the addition of Gemtek Technology to your portfolios can decrease your overall portfolio volatility.