GEAR4MUSIC (Germany) Market Value
| G4A Stock | EUR 1.83 0.01 0.54% |
| Symbol | GEAR4MUSIC |
GEAR4MUSIC '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 GEAR4MUSIC'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 GEAR4MUSIC.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in GEAR4MUSIC on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding GEAR4MUSIC LS 10 or generate 0.0% return on investment in GEAR4MUSIC over 90 days. GEAR4MUSIC is related to or competes with Ribbon Communications, SWISS WATER, COMINTL BANK, BJs Restaurants, Regions Financial, Luckin Coffee, and JSC Halyk. Gear4music plc engages in the retail of musical instruments and equipment in the United Kingdom, rest of Europe, and int... More
GEAR4MUSIC 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 GEAR4MUSIC'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 GEAR4MUSIC LS 10 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 10.45 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 3.57 |
GEAR4MUSIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GEAR4MUSIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GEAR4MUSIC's standard deviation. In reality, there are many statistical measures that can use GEAR4MUSIC historical prices to predict the future GEAR4MUSIC's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 4.56 |
GEAR4MUSIC LS 10 Backtested Returns
GEAR4MUSIC LS 10 retains Efficiency (Sharpe Ratio) of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. GEAR4MUSIC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GEAR4MUSIC's Variance of 4.08, coefficient of variation of (876.04), and Market Risk Adjusted Performance of 4.57 to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.0528, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GEAR4MUSIC are expected to decrease at a much lower rate. During the bear market, GEAR4MUSIC is likely to outperform the market. At this point, GEAR4MUSIC LS 10 has a negative expected return of -0.25%. Please make sure to check out GEAR4MUSIC's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if GEAR4MUSIC LS 10 performance from the past will be repeated at some future date.
Auto-correlation | 0.58 |
Modest predictability
GEAR4MUSIC LS 10 has modest predictability. Overlapping area represents the amount of predictability between GEAR4MUSIC time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 GEAR4MUSIC LS 10 price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current GEAR4MUSIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
GEAR4MUSIC LS 10 lagged returns against current returns
Autocorrelation, which is GEAR4MUSIC 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 GEAR4MUSIC's stock expected returns. We can calculate the autocorrelation of GEAR4MUSIC returns to help us make a trade decision. For example, suppose you find that GEAR4MUSIC 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 |
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GEAR4MUSIC 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 GEAR4MUSIC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GEAR4MUSIC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GEAR4MUSIC stock over time.
Current vs Lagged Prices |
| Timeline |
GEAR4MUSIC Lagged Returns
When evaluating GEAR4MUSIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GEAR4MUSIC stock have on its future price. GEAR4MUSIC 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, GEAR4MUSIC autocorrelation shows the relationship between GEAR4MUSIC stock current value and its past values and can show if there is a momentum factor associated with investing in GEAR4MUSIC LS 10.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in GEAR4MUSIC Stock
GEAR4MUSIC financial ratios help investors to determine whether GEAR4MUSIC 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 GEAR4MUSIC with respect to the benefits of owning GEAR4MUSIC security.