Great Tree (Taiwan) Market Value
| 6469 Stock | TWD 169.00 4.50 2.59% |
| Symbol | Great |
Great Tree '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 Great Tree'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 Great Tree.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Great Tree on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Great Tree Pharmacy or generate 0.0% return on investment in Great Tree over 30 days. Great Tree is related to or competes with Yulon Finance, Chailease Holding, Momo, Poya International, and Lien Hwa. Great Tree Pharmacy Co., Ltd. operates a chain of drug stores in Taiwan More
Great Tree 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 Great Tree'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 Great Tree Pharmacy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 8.15 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 2.72 |
Great Tree Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great Tree's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great Tree's standard deviation. In reality, there are many statistical measures that can use Great Tree historical prices to predict the future Great Tree's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 2.53 |
Great Tree Pharmacy Backtested Returns
Great Tree Pharmacy holds Efficiency (Sharpe) Ratio of -0.0886, which attests that the entity had a -0.0886% return per unit of risk over the last 3 months. Great Tree Pharmacy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Great Tree's Market Risk Adjusted Performance of 2.54, risk adjusted performance of (0.07), and Standard Deviation of 1.79 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0741, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Great Tree are expected to decrease at a much lower rate. During the bear market, Great Tree is likely to outperform the market. At this point, Great Tree Pharmacy has a negative expected return of -0.16%. Please make sure to check out Great Tree's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Great Tree Pharmacy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Great Tree Pharmacy has insignificant predictability. Overlapping area represents the amount of predictability between Great Tree time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Great Tree Pharmacy price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Great Tree price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 2.84 |
Great Tree Pharmacy lagged returns against current returns
Autocorrelation, which is Great Tree 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 Great Tree's stock expected returns. We can calculate the autocorrelation of Great Tree returns to help us make a trade decision. For example, suppose you find that Great Tree 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 |
Great Tree 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 Great Tree stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great Tree stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great Tree stock over time.
Current vs Lagged Prices |
| Timeline |
Great Tree Lagged Returns
When evaluating Great Tree's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great Tree stock have on its future price. Great Tree 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, Great Tree autocorrelation shows the relationship between Great Tree stock current value and its past values and can show if there is a momentum factor associated with investing in Great Tree Pharmacy.
Regressed Prices |
| Timeline |
Pair Trading with Great Tree
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 Great Tree 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 Great Tree will appreciate offsetting losses from the drop in the long position's value.Moving against Great Stock
| 0.47 | 2881A | Fubon Financial Holding | PairCorr |
| 0.37 | 2891B | CTBC Financial Holding | PairCorr |
| 0.33 | 2882B | Cathay Financial Holding | PairCorr |
The ability to find closely correlated positions to Great Tree could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Tree 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 Great Tree - 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 Great Tree Pharmacy to buy it.
The correlation of Great Tree 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 Great Tree moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Tree Pharmacy 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 Great Tree 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 Great Stock Analysis
When running Great Tree's price analysis, check to measure Great Tree'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 Great Tree is operating at the current time. Most of Great Tree's value examination focuses on studying past and present price action to predict the probability of Great Tree's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Tree's price. Additionally, you may evaluate how the addition of Great Tree to your portfolios can decrease your overall portfolio volatility.