GigaDevice SemiconductorBei's market value is the price at which a share of GigaDevice SemiconductorBei trades on a public exchange. It measures the collective expectations of GigaDevice SemiconductorBeiji investors about its performance. GigaDevice SemiconductorBei is trading at 127.40 as of the 1st of February 2025, a 1.5 percent decrease since the beginning of the trading day. The stock's open price was 129.34. With this module, you can estimate the performance of a buy and hold strategy of GigaDevice SemiconductorBeiji and determine expected loss or profit from investing in GigaDevice SemiconductorBei over a given investment horizon. Check out GigaDevice SemiconductorBei Correlation, GigaDevice SemiconductorBei Volatility and GigaDevice SemiconductorBei Alpha and Beta module to complement your research on GigaDevice SemiconductorBei.
Please note, there is a significant difference between GigaDevice SemiconductorBei's value and its price as these two are different measures arrived at by different means. Investors typically determine if GigaDevice SemiconductorBei is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GigaDevice SemiconductorBei's 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.
GigaDevice SemiconductorBei '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 GigaDevice SemiconductorBei'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 GigaDevice SemiconductorBei.
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01/02/2025
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In 31 days
02/01/2025
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If you would invest 0.00 in GigaDevice SemiconductorBei on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding GigaDevice SemiconductorBeiji or generate 0.0% return on investment in GigaDevice SemiconductorBei over 30 days. GigaDevice SemiconductorBei is related to or competes with Changjiang Publishing, Beijing Lier, Tangel Publishing, Konfoong Materials, COL Digital, Sanxiang Advanced, and China Publishing. GigaDevice SemiconductorBei is entity of China More
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure GigaDevice SemiconductorBei'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 GigaDevice SemiconductorBeiji 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 GigaDevice SemiconductorBei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GigaDevice SemiconductorBei's standard deviation. In reality, there are many statistical measures that can use GigaDevice SemiconductorBei historical prices to predict the future GigaDevice SemiconductorBei's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as GigaDevice SemiconductorBei. Your research has to be compared to or analyzed against GigaDevice SemiconductorBei's peers to derive any actionable benefits. When done correctly, GigaDevice SemiconductorBei's 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 GigaDevice SemiconductorBei.
GigaDevice SemiconductorBei Backtested Returns
GigaDevice SemiconductorBei appears to be very steady, given 3 months investment horizon. GigaDevice SemiconductorBei holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17 % return per unit of risk over the last 3 months. By evaluating GigaDevice SemiconductorBei's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize GigaDevice SemiconductorBei's Risk Adjusted Performance of 0.1428, market risk adjusted performance of 1.96, and Downside Deviation of 3.03 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GigaDevice SemiconductorBei holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GigaDevice SemiconductorBei's returns are expected to increase less than the market. However, during the bear market, the loss of holding GigaDevice SemiconductorBei is expected to be smaller as well. Please check GigaDevice SemiconductorBei's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether GigaDevice SemiconductorBei's current trending patterns will revert.
Auto-correlation
-0.76
Almost perfect reverse predictability
GigaDevice SemiconductorBeiji has almost perfect reverse predictability. Overlapping area represents the amount of predictability between GigaDevice SemiconductorBei time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 GigaDevice SemiconductorBei price movement. The serial correlation of -0.76 indicates that around 76.0% of current GigaDevice SemiconductorBei price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.76
Spearman Rank Test
-0.88
Residual Average
0.0
Price Variance
8.91
GigaDevice SemiconductorBei lagged returns against current returns
Autocorrelation, which is GigaDevice SemiconductorBei 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 GigaDevice SemiconductorBei's stock expected returns. We can calculate the autocorrelation of GigaDevice SemiconductorBei returns to help us make a trade decision. For example, suppose you find that GigaDevice SemiconductorBei 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
GigaDevice SemiconductorBei 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 GigaDevice SemiconductorBei stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GigaDevice SemiconductorBei stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GigaDevice SemiconductorBei stock over time.
Current vs Lagged Prices
Timeline
GigaDevice SemiconductorBei Lagged Returns
When evaluating GigaDevice SemiconductorBei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GigaDevice SemiconductorBei stock have on its future price. GigaDevice SemiconductorBei 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, GigaDevice SemiconductorBei autocorrelation shows the relationship between GigaDevice SemiconductorBei stock current value and its past values and can show if there is a momentum factor associated with investing in GigaDevice SemiconductorBeiji.
Other Information on Investing in GigaDevice Stock
GigaDevice SemiconductorBei financial ratios help investors to determine whether GigaDevice 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 GigaDevice with respect to the benefits of owning GigaDevice SemiconductorBei security.