Sports Gear (Taiwan) Market Value
| 6768 Stock | TWD 147.50 1.00 0.67% |
| Symbol | Sports |
Sports Gear '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 Sports Gear'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 Sports Gear.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Sports Gear on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Sports Gear Co or generate 0.0% return on investment in Sports Gear over 330 days. Sports Gear is related to or competes with Giant Manufacturing, Johnson Health, Power Wind. Sports Gear Co., Ltd., an OEM manufacturer company, produces and sells football shoes, footballs, and American footballs... More
Sports Gear 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 Sports Gear'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 Sports Gear Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | 0.2283 | |||
| Maximum Drawdown | 16.76 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 8.54 |
Sports Gear Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sports Gear's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sports Gear's standard deviation. In reality, there are many statistical measures that can use Sports Gear historical prices to predict the future Sports Gear's volatility.| Risk Adjusted Performance | 0.2127 | |||
| Jensen Alpha | 0.8216 | |||
| Total Risk Alpha | 0.3589 | |||
| Sortino Ratio | 0.3266 | |||
| Treynor Ratio | 1.61 |
Sports Gear Backtested Returns
Sports Gear appears to be very steady, given 3 months investment horizon. Sports Gear owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates the firm had a 0.27% return per unit of risk over the last 3 months. By inspecting Sports Gear's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please review Sports Gear's Coefficient Of Variation of 374.19, semi deviation of 1.55, and Risk Adjusted Performance of 0.2127 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sports Gear holds a performance score of 21. The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sports Gear's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sports Gear is expected to be smaller as well. Please check Sports Gear's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sports Gear's existing price patterns will revert.
Auto-correlation | 0.79 |
Good predictability
Sports Gear Co has good predictability. Overlapping area represents the amount of predictability between Sports Gear time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Sports Gear price movement. The serial correlation of 0.79 indicates that around 79.0% of current Sports Gear price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 172.4 |
Sports Gear lagged returns against current returns
Autocorrelation, which is Sports Gear 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 Sports Gear's stock expected returns. We can calculate the autocorrelation of Sports Gear returns to help us make a trade decision. For example, suppose you find that Sports Gear 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 |
Sports Gear 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 Sports Gear stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sports Gear stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sports Gear stock over time.
Current vs Lagged Prices |
| Timeline |
Sports Gear Lagged Returns
When evaluating Sports Gear's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sports Gear stock have on its future price. Sports Gear 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, Sports Gear autocorrelation shows the relationship between Sports Gear stock current value and its past values and can show if there is a momentum factor associated with investing in Sports Gear Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Sports Stock Analysis
When running Sports Gear's price analysis, check to measure Sports Gear'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 Sports Gear is operating at the current time. Most of Sports Gear's value examination focuses on studying past and present price action to predict the probability of Sports Gear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sports Gear's price. Additionally, you may evaluate how the addition of Sports Gear to your portfolios can decrease your overall portfolio volatility.