Gamania Digital (Taiwan) Market Value
| 6180 Stock | TWD 84.50 0.20 0.24% |
| Symbol | Gamania |
Gamania Digital '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 Gamania Digital'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 Gamania Digital.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Gamania Digital on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Gamania Digital Entertainment or generate 0.0% return on investment in Gamania Digital over 30 days. Gamania Digital is related to or competes with International Games, X Legend, and Fun Yours. Gamania Digital Entertainment Co., Ltd., together with its subsidiaries, publishes online and mobile games in Taiwan, Ho... More
Gamania Digital 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 Gamania Digital'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 Gamania Digital Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.38 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.65 |
Gamania Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gamania Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gamania Digital's standard deviation. In reality, there are many statistical measures that can use Gamania Digital historical prices to predict the future Gamania Digital's volatility.| Risk Adjusted Performance | 0.0947 | |||
| Jensen Alpha | 0.1145 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (2.25) |
Gamania Digital Ente Backtested Returns
At this stage we consider Gamania Stock to be very steady. Gamania Digital Ente holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gamania Digital Ente, which you can use to evaluate the volatility of the firm. Please check out Gamania Digital's Market Risk Adjusted Performance of (2.24), downside deviation of 1.03, and Risk Adjusted Performance of 0.0947 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Gamania Digital has a performance score of 8 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0483, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gamania Digital are expected to decrease at a much lower rate. During the bear market, Gamania Digital is likely to outperform the market. Gamania Digital Ente right now retains a risk of 1.05%. Please check out Gamania Digital information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Gamania Digital will be following its current trending patterns.
Auto-correlation | 0.49 |
Average predictability
Gamania Digital Entertainment has average predictability. Overlapping area represents the amount of predictability between Gamania Digital time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Gamania Digital Ente price movement. The serial correlation of 0.49 indicates that about 49.0% of current Gamania Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
Gamania Digital Ente lagged returns against current returns
Autocorrelation, which is Gamania Digital 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 Gamania Digital's stock expected returns. We can calculate the autocorrelation of Gamania Digital returns to help us make a trade decision. For example, suppose you find that Gamania Digital 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 |
Gamania Digital 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 Gamania Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gamania Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gamania Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Gamania Digital Lagged Returns
When evaluating Gamania Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gamania Digital stock have on its future price. Gamania Digital 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, Gamania Digital autocorrelation shows the relationship between Gamania Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Gamania Digital Entertainment.
Regressed Prices |
| Timeline |
Pair Trading with Gamania Digital
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 Gamania Digital 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 Gamania Digital will appreciate offsetting losses from the drop in the long position's value.Moving against Gamania Stock
| 0.68 | 3034 | Novatek Microelectronics | PairCorr |
| 0.63 | 4966 | Parade Technologies | PairCorr |
| 0.63 | 2327 | Yageo Corp | PairCorr |
| 0.54 | 6542 | GameSparcs | PairCorr |
| 0.53 | 5274 | Aspeed Technology | PairCorr |
The ability to find closely correlated positions to Gamania Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gamania Digital 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 Gamania Digital - 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 Gamania Digital Entertainment to buy it.
The correlation of Gamania Digital 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 Gamania Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gamania Digital Ente 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 Gamania Digital 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 Gamania Stock Analysis
When running Gamania Digital's price analysis, check to measure Gamania Digital'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 Gamania Digital is operating at the current time. Most of Gamania Digital's value examination focuses on studying past and present price action to predict the probability of Gamania Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gamania Digital's price. Additionally, you may evaluate how the addition of Gamania Digital to your portfolios can decrease your overall portfolio volatility.