Great Computer (Taiwan) Market Value
| 8047 Stock | TWD 20.00 0.30 1.52% |
| Symbol | Great |
Great Computer '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 Computer'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 Computer.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Great Computer on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Great Computer or generate 0.0% return on investment in Great Computer over 360 days. Great Computer is related to or competes with Airtac International, TECO Electric, Chung Hsin, King Slide, Shihlin Electric, Kinik, and Fortune Electric. Great Computer Corp. manufactures and sells plotters, engravers, markers, cutters, and printers worldwide More
Great Computer 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 Computer'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 Computer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.1014 | |||
| Maximum Drawdown | 18.14 | |||
| Value At Risk | (4.96) | |||
| Potential Upside | 9.79 |
Great Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great Computer's standard deviation. In reality, there are many statistical measures that can use Great Computer historical prices to predict the future Great Computer's volatility.| Risk Adjusted Performance | 0.1118 | |||
| Jensen Alpha | 0.5102 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.1292 | |||
| Treynor Ratio | 2.73 |
Great Computer Backtested Returns
Great Computer appears to be not too volatile, given 3 months investment horizon. Great Computer 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 Great Computer's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Great Computer's Risk Adjusted Performance of 0.1118, market risk adjusted performance of 2.74, and Downside Deviation of 3.15 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Great Computer holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Great Computer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Great Computer is expected to be smaller as well. Please check Great Computer's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Great Computer's current trending patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Great Computer has insignificant reverse predictability. Overlapping area represents the amount of predictability between Great Computer time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 Computer price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Great Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 19.6 K |
Great Computer lagged returns against current returns
Autocorrelation, which is Great Computer 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 Computer's stock expected returns. We can calculate the autocorrelation of Great Computer returns to help us make a trade decision. For example, suppose you find that Great Computer 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 Computer 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 Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great Computer stock over time.
Current vs Lagged Prices |
| Timeline |
Great Computer Lagged Returns
When evaluating Great Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great Computer stock have on its future price. Great Computer 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 Computer autocorrelation shows the relationship between Great Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Great Computer.
Regressed Prices |
| Timeline |
Pair Trading with Great Computer
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 Computer 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 Computer will appreciate offsetting losses from the drop in the long position's value.Moving together with Great Stock
Moving against Great Stock
| 0.73 | 2002A | China Steel Corp | PairCorr |
| 0.63 | 8996 | Kaori Heat Treatment | PairCorr |
| 0.53 | 2476 | G Shank Enterprise | PairCorr |
| 0.51 | 1583 | Goodway Machine Corp | PairCorr |
| 0.49 | 1503 | Shihlin Electric Eng | PairCorr |
The ability to find closely correlated positions to Great Computer 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 Computer 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 Computer - 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 Computer to buy it.
The correlation of Great Computer 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 Computer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Computer 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 Computer 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 Computer's price analysis, check to measure Great Computer'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 Computer is operating at the current time. Most of Great Computer's value examination focuses on studying past and present price action to predict the probability of Great Computer'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 Computer's price. Additionally, you may evaluate how the addition of Great Computer to your portfolios can decrease your overall portfolio volatility.