Giga Tronics Stock Market Value
| GIGA Stock | USD 0.01 0.00 0.00% |
| Symbol | Giga |
Giga Tronics '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 Giga Tronics' 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 Giga Tronics.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Giga Tronics on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Giga tronics or generate 0.0% return on investment in Giga Tronics over 720 days. Giga Tronics is related to or competes with Eltek, BOS Better, and Electro Sensors. Gresham Worldwide, Inc. designs and develops ultra-reliable bespoke technology for the defense, medical, and telecommuni... More
Giga Tronics 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 Giga Tronics' 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 Giga tronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 41.51 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 152.14 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Giga Tronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Giga Tronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Giga Tronics' standard deviation. In reality, there are many statistical measures that can use Giga Tronics historical prices to predict the future Giga Tronics' volatility.| Risk Adjusted Performance | 0.0117 | |||
| Jensen Alpha | 0.0943 | |||
| Total Risk Alpha | (3.65) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.15) |
Giga tronics Backtested Returns
At this point, Giga Tronics is out of control. Giga tronics holds Efficiency (Sharpe) Ratio of 0.0027, which attests that the entity had a 0.0027% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Giga tronics, which you can use to evaluate the volatility of the firm. Please check out Giga Tronics' Market Risk Adjusted Performance of (0.14), downside deviation of 41.51, and Risk Adjusted Performance of 0.0117 to validate if the risk estimate we provide is consistent with the expected return of 0.0644%. The company retains a Market Volatility (i.e., Beta) of -0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Giga Tronics are expected to decrease at a much lower rate. During the bear market, Giga Tronics is likely to outperform the market. Giga tronics right now retains a risk of 23.88%. Please check out Giga Tronics coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if Giga Tronics will be following its current trending patterns.
Auto-correlation | 0.46 |
Average predictability
Giga tronics has average predictability. Overlapping area represents the amount of predictability between Giga Tronics time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Giga tronics price movement. The serial correlation of 0.46 indicates that about 46.0% of current Giga Tronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Giga tronics lagged returns against current returns
Autocorrelation, which is Giga Tronics 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 Giga Tronics' pink sheet expected returns. We can calculate the autocorrelation of Giga Tronics returns to help us make a trade decision. For example, suppose you find that Giga Tronics 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 |
Giga Tronics 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 Giga Tronics pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Giga Tronics pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Giga Tronics pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Giga Tronics Lagged Returns
When evaluating Giga Tronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Giga Tronics pink sheet have on its future price. Giga Tronics 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, Giga Tronics autocorrelation shows the relationship between Giga Tronics pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Giga tronics.
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 Giga Pink Sheet
Giga Tronics financial ratios help investors to determine whether Giga Pink Sheet 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 Giga with respect to the benefits of owning Giga Tronics security.