G Shank (Taiwan) Market Value

2476 Stock  TWD 86.50  2.70  3.22%   
G Shank's market value is the price at which a share of G Shank trades on a public exchange. It measures the collective expectations of G Shank Enterprise Co investors about its performance. G Shank is selling for under 86.50 as of the 30th of November 2024; that is 3.22 percent increase since the beginning of the trading day. The stock's lowest day price was 82.9.
With this module, you can estimate the performance of a buy and hold strategy of G Shank Enterprise Co and determine expected loss or profit from investing in G Shank over a given investment horizon. Check out G Shank Correlation, G Shank Volatility and G Shank Alpha and Beta module to complement your research on G Shank.
Symbol

Please note, there is a significant difference between G Shank's value and its price as these two are different measures arrived at by different means. Investors typically determine if G Shank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, G Shank'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.

G Shank '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 G Shank'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 G Shank.
0.00
10/31/2024
No Change 0.00  0.0 
In 31 days
11/30/2024
0.00
If you would invest  0.00  in G Shank on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding G Shank Enterprise Co or generate 0.0% return on investment in G Shank over 30 days. G Shank is related to or competes with BES Engineering, Continental Holdings, Kee Tai, and Hung Sheng. G-SHANK Enterprise Co., Ltd. designs and manufactures precision progressive dies and stamped metal parts worldwide More

G Shank 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 G Shank'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 G Shank Enterprise Co upside and downside potential and time the market with a certain degree of confidence.

G Shank Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for G Shank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as G Shank's standard deviation. In reality, there are many statistical measures that can use G Shank historical prices to predict the future G Shank's volatility.
Hype
Prediction
LowEstimatedHigh
84.3686.5088.64
Details
Intrinsic
Valuation
LowRealHigh
70.5272.6695.15
Details
Naive
Forecast
LowNextHigh
83.6285.7687.90
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
83.6987.0990.49
Details

G Shank Enterprise Backtested Returns

G Shank Enterprise holds Efficiency (Sharpe) Ratio of -0.14, which attests that the company had a -0.14% return per unit of volatility over the last 3 months. G Shank Enterprise exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out G Shank's market risk adjusted performance of (0.79), and Coefficient Of Variation of (700.80) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, G Shank's returns are expected to increase less than the market. However, during the bear market, the loss of holding G Shank is expected to be smaller as well. At this point, G Shank Enterprise has a negative expected return of -0.3%. Please make sure to check out G Shank's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if G Shank Enterprise performance from the past will be repeated sooner or later.

Auto-correlation

    
  -0.08  

Very weak reverse predictability

G Shank Enterprise Co has very weak reverse predictability. Overlapping area represents the amount of predictability between G Shank time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 G Shank Enterprise price movement. The serial correlation of -0.08 indicates that barely 8.0% of current G Shank price fluctuation can be explain by its past prices.
Correlation Coefficient-0.08
Spearman Rank Test-0.27
Residual Average0.0
Price Variance2.94

G Shank Enterprise lagged returns against current returns

Autocorrelation, which is G Shank 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 G Shank's stock expected returns. We can calculate the autocorrelation of G Shank returns to help us make a trade decision. For example, suppose you find that G Shank 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  

G Shank 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 G Shank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if G Shank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in G Shank stock over time.
   Current vs Lagged Prices   
       Timeline  

G Shank Lagged Returns

When evaluating G Shank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of G Shank stock have on its future price. G Shank 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, G Shank autocorrelation shows the relationship between G Shank stock current value and its past values and can show if there is a momentum factor associated with investing in G Shank Enterprise Co.
   Regressed Prices   
       Timeline  

Also Currently Popular

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 2476 Stock Analysis

When running G Shank's price analysis, check to measure G Shank'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 G Shank is operating at the current time. Most of G Shank's value examination focuses on studying past and present price action to predict the probability of G Shank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move G Shank's price. Additionally, you may evaluate how the addition of G Shank to your portfolios can decrease your overall portfolio volatility.