Gravitytai CoLtd (Taiwan) Market Value
| 3629 Stock | TWD 28.30 0.35 1.25% |
| Symbol | Gravitytai |
Please note, there is a significant difference between Gravitytai CoLtd's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gravitytai CoLtd is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gravitytai CoLtd'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.
Gravitytai CoLtd '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 Gravitytai CoLtd'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 Gravitytai CoLtd.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Gravitytai CoLtd on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Gravitytai CoLtd or generate 0.0% return on investment in Gravitytai CoLtd over 30 days. Gravitytai CoLtd is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Formosa Petrochemical, Delta Electronics, and Cathay Financial. More
Gravitytai CoLtd 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 Gravitytai CoLtd'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 Gravitytai CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.63 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.89 | |||
| Value At Risk | (8.95) | |||
| Potential Upside | 9.88 |
Gravitytai CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gravitytai CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gravitytai CoLtd's standard deviation. In reality, there are many statistical measures that can use Gravitytai CoLtd historical prices to predict the future Gravitytai CoLtd's volatility.| Risk Adjusted Performance | 0.0102 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0029 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gravitytai CoLtd'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.
Gravitytai CoLtd Backtested Returns
Gravitytai CoLtd appears to be somewhat reliable, given 3 months investment horizon. Gravitytai CoLtd holds Efficiency (Sharpe) Ratio of 0.0695, which attests that the entity had a 0.0695% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Gravitytai CoLtd, which you can use to evaluate the volatility of the firm. Please utilize Gravitytai CoLtd's risk adjusted performance of 0.0102, and Market Risk Adjusted Performance of 0.0129 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gravitytai CoLtd holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gravitytai CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gravitytai CoLtd is expected to be smaller as well. Please check Gravitytai CoLtd's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Gravitytai CoLtd's current trending patterns will revert.
Auto-correlation | 0.48 |
Average predictability
Gravitytai CoLtd has average predictability. Overlapping area represents the amount of predictability between Gravitytai CoLtd time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 Gravitytai CoLtd price movement. The serial correlation of 0.48 indicates that about 48.0% of current Gravitytai CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 1.97 |
Gravitytai CoLtd lagged returns against current returns
Autocorrelation, which is Gravitytai CoLtd 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 Gravitytai CoLtd's stock expected returns. We can calculate the autocorrelation of Gravitytai CoLtd returns to help us make a trade decision. For example, suppose you find that Gravitytai CoLtd 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 |
Gravitytai CoLtd 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 Gravitytai CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gravitytai CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gravitytai CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
Gravitytai CoLtd Lagged Returns
When evaluating Gravitytai CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gravitytai CoLtd stock have on its future price. Gravitytai CoLtd 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, Gravitytai CoLtd autocorrelation shows the relationship between Gravitytai CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in Gravitytai CoLtd.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Gravitytai CoLtd in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Gravitytai CoLtd's short interest history, or implied volatility extrapolated from Gravitytai CoLtd options trading.
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Check out Gravitytai CoLtd Correlation, Gravitytai CoLtd Volatility and Gravitytai CoLtd Alpha and Beta module to complement your research on Gravitytai CoLtd. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Gravitytai Stock analysis
When running Gravitytai CoLtd's price analysis, check to measure Gravitytai CoLtd'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 Gravitytai CoLtd is operating at the current time. Most of Gravitytai CoLtd's value examination focuses on studying past and present price action to predict the probability of Gravitytai CoLtd's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gravitytai CoLtd's price. Additionally, you may evaluate how the addition of Gravitytai CoLtd to your portfolios can decrease your overall portfolio volatility.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
Gravitytai CoLtd 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.