Genesis Technology (Taiwan) Market Value
| 6221 Stock | TWD 65.70 0.30 0.45% |
| Symbol | Genesis |
Genesis 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 Genesis 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 Genesis Technology.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Genesis Technology on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Genesis Technology or generate 0.0% return on investment in Genesis Technology over 30 days. Genesis Technology is related to or competes with Trade Van, Chien Kuo, Dimerco Data, Strong H, Hung Sheng, and Pacific Construction. Genesis Technology, Inc. provides various information technology solutions to enterprises in Taiwan More
Genesis 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 Genesis 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 Genesis Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 23.79 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 2.56 |
Genesis Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genesis Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genesis Technology's standard deviation. In reality, there are many statistical measures that can use Genesis Technology historical prices to predict the future Genesis Technology's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | 0.4935 |
Genesis Technology Backtested Returns
Genesis Technology holds Efficiency (Sharpe) Ratio of -0.0815, which attests that the entity had a -0.0815% return per unit of risk over the last 3 months. Genesis Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Genesis Technology's Market Risk Adjusted Performance of 0.5035, standard deviation of 2.74, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Genesis Technology are expected to decrease at a much lower rate. During the bear market, Genesis Technology is likely to outperform the market. At this point, Genesis Technology has a negative expected return of -0.23%. Please make sure to check out Genesis Technology's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Genesis Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
Genesis Technology has very good predictability. Overlapping area represents the amount of predictability between Genesis Technology time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Genesis Technology price movement. The serial correlation of 0.84 indicates that around 84.0% of current Genesis Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Genesis Technology lagged returns against current returns
Autocorrelation, which is Genesis 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 Genesis Technology's stock expected returns. We can calculate the autocorrelation of Genesis Technology returns to help us make a trade decision. For example, suppose you find that Genesis 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 |
Genesis 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 Genesis Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genesis Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genesis Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Genesis Technology Lagged Returns
When evaluating Genesis Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genesis Technology stock have on its future price. Genesis 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, Genesis Technology autocorrelation shows the relationship between Genesis Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Genesis Technology.
Regressed Prices |
| Timeline |
Pair Trading with Genesis Technology
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 Genesis Technology 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 Genesis Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Genesis Stock
| 0.85 | 6763 | Green World Fintech Split | PairCorr |
| 0.73 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.72 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.69 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.59 | 8099 | Tatung System Techno | PairCorr |
The ability to find closely correlated positions to Genesis Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genesis Technology 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 Genesis Technology - 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 Genesis Technology to buy it.
The correlation of Genesis Technology 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 Genesis Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genesis Technology 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 Genesis Technology 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 Genesis Stock Analysis
When running Genesis Technology's price analysis, check to measure Genesis 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 Genesis Technology is operating at the current time. Most of Genesis Technology's value examination focuses on studying past and present price action to predict the probability of Genesis 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 Genesis Technology's price. Additionally, you may evaluate how the addition of Genesis Technology to your portfolios can decrease your overall portfolio volatility.