Gremi Media (Poland) Market Value
| GME Stock | 53.00 0.00 0.00% |
| Symbol | Gremi |
Gremi Media '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 Gremi Media'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 Gremi Media.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Gremi Media on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Gremi Media SA or generate 0.0% return on investment in Gremi Media over 510 days. Gremi Media is related to or competes with Asseco Business, Movie Games, Igoria Trade, and Bank Millennium. More
Gremi Media 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 Gremi Media'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 Gremi Media SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 18.59 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 4.72 |
Gremi Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gremi Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gremi Media's standard deviation. In reality, there are many statistical measures that can use Gremi Media historical prices to predict the future Gremi Media's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.96) | |||
| Total Risk Alpha | (1.61) | |||
| Treynor Ratio | 1.2 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gremi Media'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.
Gremi Media SA Backtested Returns
Gremi Media SA holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Gremi Media SA exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gremi Media's Market Risk Adjusted Performance of 1.21, standard deviation of 3.49, and Risk Adjusted Performance of (0.22) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.89, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Gremi Media are expected to decrease slowly. On the other hand, during market turmoil, Gremi Media is expected to outperform it slightly. At this point, Gremi Media SA has a negative expected return of -0.31%. Please make sure to check out Gremi Media's information ratio, as well as the relationship between the potential upside and day median price , to decide if Gremi Media SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Gremi Media SA has modest predictability. Overlapping area represents the amount of predictability between Gremi Media time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Gremi Media SA price movement. The serial correlation of 0.53 indicates that about 53.0% of current Gremi Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 170.35 |
Gremi Media SA lagged returns against current returns
Autocorrelation, which is Gremi Media 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 Gremi Media's stock expected returns. We can calculate the autocorrelation of Gremi Media returns to help us make a trade decision. For example, suppose you find that Gremi Media 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 |
Gremi Media 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 Gremi Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gremi Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gremi Media stock over time.
Current vs Lagged Prices |
| Timeline |
Gremi Media Lagged Returns
When evaluating Gremi Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gremi Media stock have on its future price. Gremi Media 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, Gremi Media autocorrelation shows the relationship between Gremi Media stock current value and its past values and can show if there is a momentum factor associated with investing in Gremi Media SA.
Regressed Prices |
| Timeline |
Pair Trading with Gremi Media
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 Gremi Media 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 Gremi Media will appreciate offsetting losses from the drop in the long position's value.Moving together with Gremi Stock
Moving against Gremi Stock
The ability to find closely correlated positions to Gremi Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gremi Media 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 Gremi Media - 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 Gremi Media SA to buy it.
The correlation of Gremi Media 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 Gremi Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gremi Media SA 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 Gremi Media 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.Additional Tools for Gremi Stock Analysis
When running Gremi Media's price analysis, check to measure Gremi Media'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 Gremi Media is operating at the current time. Most of Gremi Media's value examination focuses on studying past and present price action to predict the probability of Gremi Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gremi Media's price. Additionally, you may evaluate how the addition of Gremi Media to your portfolios can decrease your overall portfolio volatility.