Gigas Hosting (Spain) Market Value
| GIGA Stock | EUR 7.80 0.20 2.63% |
| Symbol | Gigas |
Gigas Hosting '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 Gigas Hosting'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 Gigas Hosting.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Gigas Hosting on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Gigas Hosting SA or generate 0.0% return on investment in Gigas Hosting over 30 days. Gigas Hosting is related to or competes with Arrienda Rental, NH Hoteles, Atrys Health, Ebro Foods, International Consolidated, and Hispanotels Inversiones. Gigas Hosting, S.A., a cloud computing company, provides cloud hosting solutions More
Gigas Hosting 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 Gigas Hosting'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 Gigas Hosting SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.0333 | |||
| Maximum Drawdown | 9.35 | |||
| Value At Risk | (3.11) | |||
| Potential Upside | 4.32 |
Gigas Hosting Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gigas Hosting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gigas Hosting's standard deviation. In reality, there are many statistical measures that can use Gigas Hosting historical prices to predict the future Gigas Hosting's volatility.| Risk Adjusted Performance | 0.0821 | |||
| Jensen Alpha | 0.1633 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0318 | |||
| Treynor Ratio | 0.7393 |
Gigas Hosting SA Backtested Returns
At this point, Gigas Hosting is somewhat reliable. Gigas Hosting SA holds Efficiency (Sharpe) Ratio of 0.0845, which attests that the entity had a 0.0845% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gigas Hosting SA, which you can use to evaluate the volatility of the firm. Please check out Gigas Hosting's Market Risk Adjusted Performance of 0.7493, risk adjusted performance of 0.0821, and Downside Deviation of 2.2 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Gigas Hosting has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gigas Hosting's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gigas Hosting is expected to be smaller as well. Gigas Hosting SA right now retains a risk of 2.09%. Please check out Gigas Hosting standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Gigas Hosting will be following its current trending patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Gigas Hosting SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Gigas Hosting time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Gigas Hosting SA price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Gigas Hosting price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Gigas Hosting SA lagged returns against current returns
Autocorrelation, which is Gigas Hosting 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 Gigas Hosting's stock expected returns. We can calculate the autocorrelation of Gigas Hosting returns to help us make a trade decision. For example, suppose you find that Gigas Hosting 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 |
Gigas Hosting 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 Gigas Hosting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gigas Hosting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gigas Hosting stock over time.
Current vs Lagged Prices |
| Timeline |
Gigas Hosting Lagged Returns
When evaluating Gigas Hosting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gigas Hosting stock have on its future price. Gigas Hosting 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, Gigas Hosting autocorrelation shows the relationship between Gigas Hosting stock current value and its past values and can show if there is a momentum factor associated with investing in Gigas Hosting SA.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Gigas Stock
Gigas Hosting financial ratios help investors to determine whether Gigas 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 Gigas with respect to the benefits of owning Gigas Hosting security.