Ibase Gaming (Taiwan) Market Value
| 6441 Stock | TWD 40.05 0.85 2.08% |
| Symbol | Ibase |
Ibase Gaming '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 Ibase Gaming'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 Ibase Gaming.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Ibase Gaming on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Ibase Gaming or generate 0.0% return on investment in Ibase Gaming over 720 days. Ibase Gaming is related to or competes with Global Unichip, Asmedia Technology, Unimicron Technology, and Novatek Microelectronics. Ibase Gaming Inc. designs, develops, manufactures, and sells gaming systems worldwide More
Ibase Gaming 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 Ibase Gaming'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 Ibase Gaming upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 18.65 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.2 |
Ibase Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ibase Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ibase Gaming's standard deviation. In reality, there are many statistical measures that can use Ibase Gaming historical prices to predict the future Ibase Gaming's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.1738 |
Ibase Gaming Backtested Returns
Ibase Gaming holds Efficiency (Sharpe) Ratio of -0.0446, which attests that the entity had a -0.0446% return per unit of risk over the last 3 months. Ibase Gaming exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ibase Gaming's Standard Deviation of 2.49, market risk adjusted performance of 0.1838, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ibase Gaming are expected to decrease at a much lower rate. During the bear market, Ibase Gaming is likely to outperform the market. At this point, Ibase Gaming has a negative expected return of -0.11%. Please make sure to check out Ibase Gaming's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Ibase Gaming performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Ibase Gaming has insignificant reverse predictability. Overlapping area represents the amount of predictability between Ibase Gaming time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Ibase Gaming price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Ibase Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 20.19 |
Ibase Gaming lagged returns against current returns
Autocorrelation, which is Ibase Gaming 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 Ibase Gaming's stock expected returns. We can calculate the autocorrelation of Ibase Gaming returns to help us make a trade decision. For example, suppose you find that Ibase Gaming 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 |
Ibase Gaming 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 Ibase Gaming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ibase Gaming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ibase Gaming stock over time.
Current vs Lagged Prices |
| Timeline |
Ibase Gaming Lagged Returns
When evaluating Ibase Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ibase Gaming stock have on its future price. Ibase Gaming 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, Ibase Gaming autocorrelation shows the relationship between Ibase Gaming stock current value and its past values and can show if there is a momentum factor associated with investing in Ibase Gaming.
Regressed Prices |
| Timeline |
Pair Trading with Ibase Gaming
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 Ibase Gaming 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 Ibase Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Ibase Stock
The ability to find closely correlated positions to Ibase Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ibase Gaming 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 Ibase Gaming - 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 Ibase Gaming to buy it.
The correlation of Ibase Gaming 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 Ibase Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ibase Gaming 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 Ibase Gaming 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 Ibase Stock Analysis
When running Ibase Gaming's price analysis, check to measure Ibase Gaming'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 Ibase Gaming is operating at the current time. Most of Ibase Gaming's value examination focuses on studying past and present price action to predict the probability of Ibase Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ibase Gaming's price. Additionally, you may evaluate how the addition of Ibase Gaming to your portfolios can decrease your overall portfolio volatility.