Giant Manufacturing (Taiwan) Market Value
| 9921 Stock | TWD 151.00 2.00 1.34% |
| Symbol | Giant |
Giant Manufacturing '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 Giant Manufacturing'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 Giant Manufacturing.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Giant Manufacturing on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Giant Manufacturing Co or generate 0.0% return on investment in Giant Manufacturing over 30 days. Giant Manufacturing is related to or competes with Merida Industry, President Chain, Cheng Shin, Uni President, and Pou Chen. Giant Manufacturing Co., Ltd. manufactures and sells bicycles, electric bicycles, and related parts worldwide More
Giant Manufacturing 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 Giant Manufacturing'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 Giant Manufacturing Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 14.43 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 1.72 |
Giant Manufacturing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Giant Manufacturing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Giant Manufacturing's standard deviation. In reality, there are many statistical measures that can use Giant Manufacturing historical prices to predict the future Giant Manufacturing's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | 3.93 |
Giant Manufacturing Backtested Returns
Giant Manufacturing holds Efficiency (Sharpe) Ratio of -0.3, which attests that the entity had a -0.3% return per unit of standard deviation over the last 3 months. Giant Manufacturing exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Giant Manufacturing's risk adjusted performance of (0.22), and Market Risk Adjusted Performance of 3.94 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Giant Manufacturing are expected to decrease at a much lower rate. During the bear market, Giant Manufacturing is likely to outperform the market. At this point, Giant Manufacturing has a negative expected return of -0.69%. Please make sure to check out Giant Manufacturing's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Giant Manufacturing performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.82 |
Very good predictability
Giant Manufacturing Co has very good predictability. Overlapping area represents the amount of predictability between Giant Manufacturing time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Giant Manufacturing price movement. The serial correlation of 0.82 indicates that around 82.0% of current Giant Manufacturing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 64.48 |
Giant Manufacturing lagged returns against current returns
Autocorrelation, which is Giant Manufacturing 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 Giant Manufacturing's stock expected returns. We can calculate the autocorrelation of Giant Manufacturing returns to help us make a trade decision. For example, suppose you find that Giant Manufacturing 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 |
Giant Manufacturing 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 Giant Manufacturing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Giant Manufacturing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Giant Manufacturing stock over time.
Current vs Lagged Prices |
| Timeline |
Giant Manufacturing Lagged Returns
When evaluating Giant Manufacturing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Giant Manufacturing stock have on its future price. Giant Manufacturing 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, Giant Manufacturing autocorrelation shows the relationship between Giant Manufacturing stock current value and its past values and can show if there is a momentum factor associated with investing in Giant Manufacturing Co.
Regressed Prices |
| Timeline |
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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 Giant Stock Analysis
When running Giant Manufacturing's price analysis, check to measure Giant Manufacturing'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 Giant Manufacturing is operating at the current time. Most of Giant Manufacturing's value examination focuses on studying past and present price action to predict the probability of Giant Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Giant Manufacturing's price. Additionally, you may evaluate how the addition of Giant Manufacturing to your portfolios can decrease your overall portfolio volatility.