Gamestop Corp Stock Market Value
| GME Stock | USD 27.90 0.08 0.29% |
| Symbol | GameStop |
GameStop Corp Price To Book Ratio
Is Computer & Electronics Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GameStop Corp. If investors know GameStop will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GameStop Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.259 | Earnings Share 0.14 | Revenue Per Share 13.97 | Quarterly Revenue Growth (0.31) | Return On Assets 0.0004 |
The market value of GameStop Corp is measured differently than its book value, which is the value of GameStop that is recorded on the company's balance sheet. Investors also form their own opinion of GameStop Corp's value that differs from its market value or its book value, called intrinsic value, which is GameStop Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GameStop Corp's market value can be influenced by many factors that don't directly affect GameStop Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GameStop Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if GameStop Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GameStop Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
GameStop Corp '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 GameStop Corp'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 GameStop Corp.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in GameStop Corp on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding GameStop Corp or generate 0.0% return on investment in GameStop Corp over 30 days. GameStop Corp is related to or competes with RH, Dicks Sporting, Best Buy, AutoZone, Pet Acquisition, Williams Sonoma, and Ulta Beauty. GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and va... More
GameStop Corp 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 GameStop Corp'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 GameStop Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.076 | |||
| Maximum Drawdown | 20.86 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 8.88 |
GameStop Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GameStop Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GameStop Corp's standard deviation. In reality, there are many statistical measures that can use GameStop Corp historical prices to predict the future GameStop Corp's volatility.| Risk Adjusted Performance | 0.0923 | |||
| Jensen Alpha | 0.2975 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0933 | |||
| Treynor Ratio | 0.4273 |
GameStop Corp Backtested Returns
GameStop Corp appears to be not too volatile, given 3 months investment horizon. GameStop Corp holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. By evaluating GameStop Corp's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize GameStop Corp's Risk Adjusted Performance of 0.0923, market risk adjusted performance of 0.4373, and Downside Deviation of 3.15 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GameStop Corp holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.97, which attests to possible diversification benefits within a given portfolio. GameStop Corp returns are very sensitive to returns on the market. As the market goes up or down, GameStop Corp is expected to follow. Please check GameStop Corp's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether GameStop Corp's current trending patterns will revert.
Auto-correlation | 0.48 |
Average predictability
GameStop Corp has average predictability. Overlapping area represents the amount of predictability between GameStop Corp time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 GameStop Corp price movement. The serial correlation of 0.48 indicates that about 48.0% of current GameStop Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
GameStop Corp lagged returns against current returns
Autocorrelation, which is GameStop Corp 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 GameStop Corp's stock expected returns. We can calculate the autocorrelation of GameStop Corp returns to help us make a trade decision. For example, suppose you find that GameStop Corp 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 |
GameStop Corp 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 GameStop Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GameStop Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GameStop Corp stock over time.
Current vs Lagged Prices |
| Timeline |
GameStop Corp Lagged Returns
When evaluating GameStop Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GameStop Corp stock have on its future price. GameStop Corp 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, GameStop Corp autocorrelation shows the relationship between GameStop Corp stock current value and its past values and can show if there is a momentum factor associated with investing in GameStop Corp.
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.When determining whether GameStop Corp is a strong investment it is important to analyze GameStop Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GameStop Corp's future performance. For an informed investment choice regarding GameStop Stock, refer to the following important reports:Check out GameStop Corp Correlation, GameStop Corp Volatility and GameStop Corp Alpha and Beta module to complement your research on GameStop Corp. For information on how to trade GameStop Stock refer to our How to Trade GameStop Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
GameStop Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.