GAMESTOP (Germany) Market Value
| GS2C Stock | 26.35 0.06 0.23% |
| Symbol | GAMESTOP |
GAMESTOP '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'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.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in GAMESTOP on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding GAMESTOP or generate 0.0% return on investment in GAMESTOP over 30 days. GAMESTOP is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
GAMESTOP 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.0926 | |||
| Maximum Drawdown | 21.9 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 9.42 |
GAMESTOP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GAMESTOP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GAMESTOP's standard deviation. In reality, there are many statistical measures that can use GAMESTOP historical prices to predict the future GAMESTOP's volatility.| Risk Adjusted Performance | 0.1044 | |||
| Jensen Alpha | 0.3903 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.1153 | |||
| Treynor Ratio | 0.6063 |
GAMESTOP Backtested Returns
GAMESTOP appears to be not too volatile, given 3 months investment horizon. GAMESTOP holds Efficiency (Sharpe) Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. By inspecting GAMESTOP's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize GAMESTOP's downside deviation of 3.18, and Semi Deviation of 2.82 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GAMESTOP holds a performance score of 11. The firm retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GAMESTOP's returns are expected to increase less than the market. However, during the bear market, the loss of holding GAMESTOP is expected to be smaller as well. Please check GAMESTOP's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether GAMESTOP's current trending patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
GAMESTOP has modest predictability. Overlapping area represents the amount of predictability between GAMESTOP time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current GAMESTOP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.86 |
GAMESTOP lagged returns against current returns
Autocorrelation, which is GAMESTOP 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's stock expected returns. We can calculate the autocorrelation of GAMESTOP returns to help us make a trade decision. For example, suppose you find that GAMESTOP 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GAMESTOP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GAMESTOP stock over time.
Current vs Lagged Prices |
| Timeline |
GAMESTOP Lagged Returns
When evaluating GAMESTOP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GAMESTOP stock have on its future price. GAMESTOP 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 autocorrelation shows the relationship between GAMESTOP stock current value and its past values and can show if there is a momentum factor associated with investing in GAMESTOP.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for GAMESTOP Stock Analysis
When running GAMESTOP's price analysis, check to measure GAMESTOP'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 GAMESTOP is operating at the current time. Most of GAMESTOP's value examination focuses on studying past and present price action to predict the probability of GAMESTOP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GAMESTOP's price. Additionally, you may evaluate how the addition of GAMESTOP to your portfolios can decrease your overall portfolio volatility.