Gloria Material (Taiwan) Market Value
| 5009 Stock | TWD 47.95 1.00 2.04% |
| Symbol | Gloria |
Gloria Material '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 Gloria Material'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 Gloria Material.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Gloria Material on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Gloria Material Technology or generate 0.0% return on investment in Gloria Material over 30 days. Gloria Material is related to or competes with China Steel, China Steel, Chung Hung, Tung Ho, Feng Hsin, Yieh Phui, and Yieh United. Gloria Material Technology Corp. manufactures and sells alloy steel and valve-parts in Taiwan and internationally More
Gloria Material 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 Gloria Material'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 Gloria Material Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.52 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 1.6 |
Gloria Material Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gloria Material's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gloria Material's standard deviation. In reality, there are many statistical measures that can use Gloria Material historical prices to predict the future Gloria Material's volatility.| Risk Adjusted Performance | 0.0316 | |||
| Jensen Alpha | 0.0374 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (2.08) |
Gloria Material Tech Backtested Returns
At this stage we consider Gloria Stock to be very steady. Gloria Material Tech holds Efficiency (Sharpe) Ratio of 0.009, which attests that the entity had a 0.009% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gloria Material Tech, which you can use to evaluate the volatility of the firm. Please check out Gloria Material's Market Risk Adjusted Performance of (2.07), downside deviation of 1.32, and Risk Adjusted Performance of 0.0316 to validate if the risk estimate we provide is consistent with the expected return of 0.0118%. The company retains a Market Volatility (i.e., Beta) of -0.017, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gloria Material are expected to decrease at a much lower rate. During the bear market, Gloria Material is likely to outperform the market. Gloria Material Tech right now retains a risk of 1.31%. Please check out Gloria Material downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Gloria Material will be following its current trending patterns.
Auto-correlation | 0.09 |
Virtually no predictability
Gloria Material Technology has virtually no predictability. Overlapping area represents the amount of predictability between Gloria Material time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Gloria Material Tech price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Gloria Material price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Gloria Material Tech lagged returns against current returns
Autocorrelation, which is Gloria Material 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 Gloria Material's stock expected returns. We can calculate the autocorrelation of Gloria Material returns to help us make a trade decision. For example, suppose you find that Gloria Material 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 |
Gloria Material 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 Gloria Material stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gloria Material stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gloria Material stock over time.
Current vs Lagged Prices |
| Timeline |
Gloria Material Lagged Returns
When evaluating Gloria Material's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gloria Material stock have on its future price. Gloria Material 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, Gloria Material autocorrelation shows the relationship between Gloria Material stock current value and its past values and can show if there is a momentum factor associated with investing in Gloria Material Technology.
Regressed Prices |
| Timeline |
Pair Trading with Gloria Material
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 Gloria Material 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 Gloria Material will appreciate offsetting losses from the drop in the long position's value.Moving against Gloria Stock
| 0.56 | 2015 | Feng Hsin Steel | PairCorr |
| 0.36 | 9958 | Century Iron And | PairCorr |
| 0.32 | 2031 | Hsin Kuang Steel | PairCorr |
The ability to find closely correlated positions to Gloria Material could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gloria Material 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 Gloria Material - 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 Gloria Material Technology to buy it.
The correlation of Gloria Material 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 Gloria Material moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gloria Material Tech 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 Gloria Material 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 Gloria Stock Analysis
When running Gloria Material's price analysis, check to measure Gloria Material'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 Gloria Material is operating at the current time. Most of Gloria Material's value examination focuses on studying past and present price action to predict the probability of Gloria Material's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gloria Material's price. Additionally, you may evaluate how the addition of Gloria Material to your portfolios can decrease your overall portfolio volatility.