Gamehost Stock Market Value
| GH Stock | CAD 10.71 0.18 1.65% |
| Symbol | Gamehost |
Gamehost Price To Book Ratio
Gamehost '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 Gamehost'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 Gamehost.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Gamehost on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Gamehost or generate 0.0% return on investment in Gamehost over 60 days. Gamehost is related to or competes with Chesswood Group, Medical Facilities, Information Services, K Bro, and Richards Packaging. Gamehost Inc., together with its subsidiaries, operates hospitality and gaming properties in Alberta More
Gamehost 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 Gamehost'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 Gamehost upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9017 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.83 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.23 |
Gamehost Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gamehost's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gamehost's standard deviation. In reality, there are many statistical measures that can use Gamehost historical prices to predict the future Gamehost's volatility.| Risk Adjusted Performance | 0.0726 | |||
| Jensen Alpha | 0.0616 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 1.87 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gamehost'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.
Gamehost Backtested Returns
As of now, Gamehost Stock is very steady. Gamehost holds Efficiency (Sharpe) Ratio of 0.0741, which attests that the entity had a 0.0741% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gamehost, which you can use to evaluate the volatility of the firm. Please check out Gamehost's Downside Deviation of 0.9017, risk adjusted performance of 0.0726, and Market Risk Adjusted Performance of 1.88 to validate if the risk estimate we provide is consistent with the expected return of 0.0634%. Gamehost has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0353, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gamehost's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gamehost is expected to be smaller as well. Gamehost right now retains a risk of 0.86%. Please check out Gamehost semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Gamehost will be following its current trending patterns.
Auto-correlation | 0.59 |
Modest predictability
Gamehost has modest predictability. Overlapping area represents the amount of predictability between Gamehost time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Gamehost price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Gamehost price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Gamehost lagged returns against current returns
Autocorrelation, which is Gamehost 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 Gamehost's stock expected returns. We can calculate the autocorrelation of Gamehost returns to help us make a trade decision. For example, suppose you find that Gamehost 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 |
Gamehost 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 Gamehost stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gamehost stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gamehost stock over time.
Current vs Lagged Prices |
| Timeline |
Gamehost Lagged Returns
When evaluating Gamehost's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gamehost stock have on its future price. Gamehost 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, Gamehost autocorrelation shows the relationship between Gamehost stock current value and its past values and can show if there is a momentum factor associated with investing in Gamehost.
Regressed Prices |
| Timeline |
Pair Trading with Gamehost
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 Gamehost 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 Gamehost will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Gamehost could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gamehost 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 Gamehost - 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 Gamehost to buy it.
The correlation of Gamehost 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 Gamehost moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gamehost 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 Gamehost 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.Other Information on Investing in Gamehost Stock
Gamehost financial ratios help investors to determine whether Gamehost 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 Gamehost with respect to the benefits of owning Gamehost security.