Good Gaming Stock Market Value
| GMER Stock | USD 0.01 0.0003 3.19% |
| Symbol | Good |
Good Gaming '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 Good Gaming's otc 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 Good Gaming.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Good Gaming on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Good Gaming or generate 0.0% return on investment in Good Gaming over 30 days. Good Gaming, Inc. operates tournament gaming platform and online destination targeting esports players and participants ... More
Good Gaming 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 Good Gaming's otc 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 Good Gaming upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.64 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 44.02 | |||
| Value At Risk | (9.91) | |||
| Potential Upside | 10.59 |
Good Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Good Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Good Gaming's standard deviation. In reality, there are many statistical measures that can use Good Gaming historical prices to predict the future Good Gaming's volatility.| Risk Adjusted Performance | 0.0159 | |||
| Jensen Alpha | 0.0889 | |||
| Total Risk Alpha | (1.11) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Good Gaming'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.
Good Gaming Backtested Returns
Currently, Good Gaming is out of control. Good Gaming holds Efficiency (Sharpe) Ratio of 0.0097, which attests that the entity had a 0.0097% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Good Gaming, which you can use to evaluate the volatility of the firm. Please check out Good Gaming's Risk Adjusted Performance of 0.0159, market risk adjusted performance of (0.22), and Downside Deviation of 7.64 to validate if the risk estimate we provide is consistent with the expected return of 0.073%. The company retains a Market Volatility (i.e., Beta) of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Good Gaming are expected to decrease at a much lower rate. During the bear market, Good Gaming is likely to outperform the market. Good Gaming right now retains a risk of 7.54%. Please check out Good Gaming maximum drawdown and the relationship between the expected short fall and period momentum indicator , to decide if Good Gaming will be following its current trending patterns.
Auto-correlation | -0.01 |
Very weak reverse predictability
Good Gaming has very weak reverse predictability. Overlapping area represents the amount of predictability between Good Gaming time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Good Gaming price movement. The serial correlation of -0.01 indicates that just 1.0% of current Good Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Good Gaming lagged returns against current returns
Autocorrelation, which is Good Gaming otc 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 Good Gaming's otc stock expected returns. We can calculate the autocorrelation of Good Gaming returns to help us make a trade decision. For example, suppose you find that Good Gaming has exhibited high autocorrelation historically, and you observe that the otc 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 |
Good Gaming 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 Good Gaming otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Good Gaming otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Good Gaming otc stock over time.
Current vs Lagged Prices |
| Timeline |
Good Gaming Lagged Returns
When evaluating Good Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Good Gaming otc stock have on its future price. Good Gaming 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, Good Gaming autocorrelation shows the relationship between Good Gaming otc stock current value and its past values and can show if there is a momentum factor associated with investing in Good Gaming.
Regressed Prices |
| Timeline |
Pair Trading with Good Gaming
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 Good Gaming 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 Good Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Good OTC Stock
| 0.54 | PTAIF | PT Astra International | PairCorr |
| 0.5 | SSNLF | Samsung Electronics | PairCorr |
| 0.47 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.4 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.32 | GMVHY | Entain DRC PLC | PairCorr |
The ability to find closely correlated positions to Good Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Good Gaming 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 Good Gaming - 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 Good Gaming to buy it.
The correlation of Good Gaming 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 Good Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Good Gaming 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 Good Gaming 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 Good OTC Stock Analysis
When running Good Gaming's price analysis, check to measure Good Gaming'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 Good Gaming is operating at the current time. Most of Good Gaming's value examination focuses on studying past and present price action to predict the probability of Good Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Good Gaming's price. Additionally, you may evaluate how the addition of Good Gaming to your portfolios can decrease your overall portfolio volatility.