Gd Entertainment Technology Stock Market Value
GD Entertainment's market value is the price at which a share of GD Entertainment trades on a public exchange. It measures the collective expectations of GD Entertainment Technology investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of GD Entertainment Technology and determine expected loss or profit from investing in GD Entertainment over a given investment horizon. Check out GD Entertainment Correlation, GD Entertainment Volatility and GD Entertainment Alpha and Beta module to complement your research on GD Entertainment.
| Symbol | GDET |
GD Entertainment '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 GD Entertainment's pink sheet 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 GD Entertainment.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in GD Entertainment on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding GD Entertainment Technology or generate 0.0% return on investment in GD Entertainment over 30 days. GD Entertainment is related to or competes with Cumberland Pharmaceuticals, WiMi Hologram, Asure Software, US Global, Nextplat Corp, Meiwu Technology, and RadNet. GD Entertainment Technology, Inc., a blockchain-oriented company, focuses on building and managing a cryptocurrency mini... More
GD Entertainment 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 GD Entertainment's pink sheet 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 GD Entertainment Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 105.41 | |||
| Information Ratio | 0.3752 | |||
| Maximum Drawdown | 1100.0 | |||
| Value At Risk | (100.00) | |||
| Potential Upside | 1000.0 |
GD Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GD Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GD Entertainment's standard deviation. In reality, there are many statistical measures that can use GD Entertainment historical prices to predict the future GD Entertainment's volatility.| Risk Adjusted Performance | 0.298 | |||
| Jensen Alpha | 145.39 | |||
| Total Risk Alpha | 81.64 | |||
| Sortino Ratio | 1.33 | |||
| Treynor Ratio | (3.55) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GD Entertainment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
GD Entertainment Tec Backtested Returns
GD Entertainment is out of control given 3 months investment horizon. GD Entertainment Tec retains Efficiency (Sharpe Ratio) of 0.38, which attests that the entity had a 0.38% return per unit of price deviation over the last 3 months. We were able to analyze and collect data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 140.63% are justified by taking the suggested risk. Use GD Entertainment Tec Semi Deviation of 41.76, market risk adjusted performance of (3.54), and Standard Deviation of 374.47 to evaluate company specific risk that cannot be diversified away. GD Entertainment holds a performance score of 29 on a scale of zero to a hundred. The company owns a Beta (Systematic Risk) of -39.56, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GD Entertainment are expected to decrease by larger amounts. On the other hand, during market turmoil, GD Entertainment is expected to outperform it. Use GD Entertainment Tec coefficient of variation, as well as the relationship between the treynor ratio and semi variance , to analyze future returns on GD Entertainment Tec.
Auto-correlation | -0.1 |
Very weak reverse predictability
GD Entertainment Technology has very weak reverse predictability. Overlapping area represents the amount of predictability between GD Entertainment 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 GD Entertainment Tec price movement. The serial correlation of -0.1 indicates that less than 10.0% of current GD Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GD Entertainment Tec lagged returns against current returns
Autocorrelation, which is GD Entertainment pink sheet'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 GD Entertainment's pink sheet expected returns. We can calculate the autocorrelation of GD Entertainment returns to help us make a trade decision. For example, suppose you find that GD Entertainment has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
GD Entertainment 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 GD Entertainment pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GD Entertainment pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GD Entertainment pink sheet over time.
Current vs Lagged Prices |
| Timeline |
GD Entertainment Lagged Returns
When evaluating GD Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GD Entertainment pink sheet have on its future price. GD Entertainment 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, GD Entertainment autocorrelation shows the relationship between GD Entertainment pink sheet current value and its past values and can show if there is a momentum factor associated with investing in GD Entertainment Technology.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for GDET Pink Sheet Analysis
When running GD Entertainment's price analysis, check to measure GD Entertainment'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 GD Entertainment is operating at the current time. Most of GD Entertainment's value examination focuses on studying past and present price action to predict the probability of GD Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GD Entertainment's price. Additionally, you may evaluate how the addition of GD Entertainment to your portfolios can decrease your overall portfolio volatility.