Green World (Taiwan) Market Value
| 6763 Stock | TWD 69.20 0.50 0.72% |
| Symbol | Green |
Green World '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 Green World'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 Green World.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Green World on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Green World Fintech or generate 0.0% return on investment in Green World over 30 days. Green World is related to or competes with Acer E, Sysage Technology, Syscom Computer, Jetwell Computer, and Ares International. Green World Fintech Service Co., Ltd., a financial technology service company, provides third-party payment services More
Green World 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 Green World'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 Green World Fintech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.16 | |||
| Information Ratio | 0.1317 | |||
| Maximum Drawdown | 19.94 | |||
| Value At Risk | (5.94) | |||
| Potential Upside | 9.89 |
Green World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Green World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Green World's standard deviation. In reality, there are many statistical measures that can use Green World historical prices to predict the future Green World's volatility.| Risk Adjusted Performance | 0.1308 | |||
| Jensen Alpha | 0.7049 | |||
| Total Risk Alpha | 2.0E-4 | |||
| Sortino Ratio | 0.1479 | |||
| Treynor Ratio | 2.89 |
Green World Fintech Backtested Returns
Green World appears to be very steady, given 3 months investment horizon. Green World Fintech holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. By evaluating Green World's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize Green World's Market Risk Adjusted Performance of 2.9, downside deviation of 4.16, and Risk Adjusted Performance of 0.1308 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Green World holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Green World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Green World is expected to be smaller as well. Please check Green World's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Green World's current trending patterns will revert.
Auto-correlation | 0.64 |
Good predictability
Green World Fintech has good predictability. Overlapping area represents the amount of predictability between Green World 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 Green World Fintech price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Green World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 12.1 |
Green World Fintech lagged returns against current returns
Autocorrelation, which is Green World 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 Green World's stock expected returns. We can calculate the autocorrelation of Green World returns to help us make a trade decision. For example, suppose you find that Green World 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 |
Green World 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 Green World stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Green World stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Green World stock over time.
Current vs Lagged Prices |
| Timeline |
Green World Lagged Returns
When evaluating Green World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Green World stock have on its future price. Green World 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, Green World autocorrelation shows the relationship between Green World stock current value and its past values and can show if there is a momentum factor associated with investing in Green World Fintech.
Regressed Prices |
| Timeline |
Pair Trading with Green World
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 Green World 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 Green World will appreciate offsetting losses from the drop in the long position's value.Moving against Green Stock
| 0.85 | 6221 | Genesis Technology Split | PairCorr |
| 0.74 | 2072 | Century Wind Power | PairCorr |
| 0.61 | 910861 | Digital China Holdings | PairCorr |
| 0.6 | 3147 | Jetwell Computer | PairCorr |
| 0.36 | 2471 | Ares International Corp | PairCorr |
The ability to find closely correlated positions to Green World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Green World 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 Green World - 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 Green World Fintech to buy it.
The correlation of Green World 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 Green World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Green World Fintech 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 Green World 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 Green Stock Analysis
When running Green World's price analysis, check to measure Green World'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 Green World is operating at the current time. Most of Green World's value examination focuses on studying past and present price action to predict the probability of Green World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Green World's price. Additionally, you may evaluate how the addition of Green World to your portfolios can decrease your overall portfolio volatility.