Gurit Holding (Switzerland) Market Value
| GURN Stock | 11.58 0.48 4.32% |
| Symbol | Gurit |
Gurit Holding '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 Gurit Holding'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 Gurit Holding.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Gurit Holding on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Gurit Holding AG or generate 0.0% return on investment in Gurit Holding over 540 days. Gurit Holding is related to or competes with Schweiter Technologies, Clariant, Interroll Holding, VAT Group, and Sonova H. More
Gurit Holding 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 Gurit Holding'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 Gurit Holding AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 37.11 | |||
| Value At Risk | (9.49) | |||
| Potential Upside | 4.3 |
Gurit Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gurit Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gurit Holding's standard deviation. In reality, there are many statistical measures that can use Gurit Holding historical prices to predict the future Gurit Holding's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (1.60) | |||
| Total Risk Alpha | (2.26) | |||
| Treynor Ratio | (2.83) |
Gurit Holding AG Backtested Returns
Gurit Holding AG holds Efficiency (Sharpe) Ratio of -0.32, which attests that the entity had a -0.32% return per unit of risk over the last 3 months. Gurit Holding AG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gurit Holding's Market Risk Adjusted Performance of (2.82), standard deviation of 4.76, and Risk Adjusted Performance of (0.24) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gurit Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gurit Holding is expected to be smaller as well. At this point, Gurit Holding AG has a negative expected return of -1.52%. Please make sure to check out Gurit Holding's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Gurit Holding AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Gurit Holding AG has good predictability. Overlapping area represents the amount of predictability between Gurit Holding time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Gurit Holding AG price movement. The serial correlation of 0.78 indicates that around 78.0% of current Gurit Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 314.33 |
Gurit Holding AG lagged returns against current returns
Autocorrelation, which is Gurit Holding 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 Gurit Holding's stock expected returns. We can calculate the autocorrelation of Gurit Holding returns to help us make a trade decision. For example, suppose you find that Gurit Holding 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 |
Gurit Holding 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 Gurit Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gurit Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gurit Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Gurit Holding Lagged Returns
When evaluating Gurit Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gurit Holding stock have on its future price. Gurit Holding 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, Gurit Holding autocorrelation shows the relationship between Gurit Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Gurit Holding AG.
Regressed Prices |
| Timeline |
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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.Additional Tools for Gurit Stock Analysis
When running Gurit Holding's price analysis, check to measure Gurit Holding'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 Gurit Holding is operating at the current time. Most of Gurit Holding's value examination focuses on studying past and present price action to predict the probability of Gurit Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gurit Holding's price. Additionally, you may evaluate how the addition of Gurit Holding to your portfolios can decrease your overall portfolio volatility.