GungHo Online (Germany) Market Value
| G03 Stock | EUR 17.70 0.40 2.21% |
| Symbol | GungHo |
GungHo Online '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 GungHo Online'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 GungHo Online.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in GungHo Online on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding GungHo Online Entertainment or generate 0.0% return on investment in GungHo Online over 30 days. GungHo Online is related to or competes with Computershare, INTERSHOP Communications, ON SEMICONDUCTOR, Charter Communications, Universal Display, BE Semiconductor, and Gamma Communications. GungHo Online Entertainment, Inc. plans, develops, operates, and distributes online computer games, smartphone applicati... More
GungHo Online 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 GungHo Online'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 GungHo Online Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.56 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.65 |
GungHo Online Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GungHo Online's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GungHo Online's standard deviation. In reality, there are many statistical measures that can use GungHo Online historical prices to predict the future GungHo Online's volatility.| Risk Adjusted Performance | 0.0208 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0963 |
GungHo Online Entert Backtested Returns
GungHo Online Entert holds Efficiency (Sharpe) Ratio of -0.0042, which attests that the entity had a -0.0042% return per unit of risk over the last 3 months. GungHo Online Entert exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GungHo Online's Market Risk Adjusted Performance of 0.1063, downside deviation of 2.42, and Risk Adjusted Performance of 0.0208 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GungHo Online's returns are expected to increase less than the market. However, during the bear market, the loss of holding GungHo Online is expected to be smaller as well. At this point, GungHo Online Entert has a negative expected return of -0.0094%. Please make sure to check out GungHo Online's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if GungHo Online Entert performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
GungHo Online Entertainment has almost perfect reverse predictability. Overlapping area represents the amount of predictability between GungHo Online time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 GungHo Online Entert price movement. The serial correlation of -0.76 indicates that around 76.0% of current GungHo Online price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
GungHo Online Entert lagged returns against current returns
Autocorrelation, which is GungHo Online 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 GungHo Online's stock expected returns. We can calculate the autocorrelation of GungHo Online returns to help us make a trade decision. For example, suppose you find that GungHo Online 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 |
GungHo Online 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 GungHo Online stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GungHo Online stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GungHo Online stock over time.
Current vs Lagged Prices |
| Timeline |
GungHo Online Lagged Returns
When evaluating GungHo Online's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GungHo Online stock have on its future price. GungHo Online 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, GungHo Online autocorrelation shows the relationship between GungHo Online stock current value and its past values and can show if there is a momentum factor associated with investing in GungHo Online Entertainment.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GungHo Stock
GungHo Online financial ratios help investors to determine whether GungHo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GungHo with respect to the benefits of owning GungHo Online security.