Goldsun Building (Taiwan) Market Value
| 2504 Stock | TWD 54.00 1.00 1.82% |
| Symbol | Goldsun |
Goldsun Building '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 Goldsun Building'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 Goldsun Building.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Goldsun Building on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Goldsun Building Materials or generate 0.0% return on investment in Goldsun Building over 30 days. Goldsun Building is related to or competes with Basso Industry, Chung Hsin, TYC Brother, TECO Electric, and China General. Goldsun Building Materials Co., Ltd. produces and sells ready-mixed concrete, cement, and fireproof building material in... More
Goldsun Building 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 Goldsun Building'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 Goldsun Building Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 9.57 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 3.25 |
Goldsun Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldsun Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldsun Building's standard deviation. In reality, there are many statistical measures that can use Goldsun Building historical prices to predict the future Goldsun Building's volatility.| Risk Adjusted Performance | 0.0235 | |||
| Jensen Alpha | 0.1003 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.07) |
Goldsun Building Mat Backtested Returns
Goldsun Building Mat holds Efficiency (Sharpe) Ratio of -0.0228, which attests that the entity had a -0.0228% return per unit of risk over the last 3 months. Goldsun Building Mat exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goldsun Building's Downside Deviation of 2.25, risk adjusted performance of 0.0235, and Market Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Goldsun Building are expected to decrease at a much lower rate. During the bear market, Goldsun Building is likely to outperform the market. At this point, Goldsun Building Mat has a negative expected return of -0.0476%. Please make sure to check out Goldsun Building's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Goldsun Building Mat performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Goldsun Building Materials has poor predictability. Overlapping area represents the amount of predictability between Goldsun Building 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 Goldsun Building Mat price movement. The serial correlation of 0.25 indicates that over 25.0% of current Goldsun Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
Goldsun Building Mat lagged returns against current returns
Autocorrelation, which is Goldsun Building 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 Goldsun Building's stock expected returns. We can calculate the autocorrelation of Goldsun Building returns to help us make a trade decision. For example, suppose you find that Goldsun Building 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 |
Goldsun Building 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 Goldsun Building stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldsun Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldsun Building stock over time.
Current vs Lagged Prices |
| Timeline |
Goldsun Building Lagged Returns
When evaluating Goldsun Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldsun Building stock have on its future price. Goldsun Building 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, Goldsun Building autocorrelation shows the relationship between Goldsun Building stock current value and its past values and can show if there is a momentum factor associated with investing in Goldsun Building Materials.
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 Goldsun Stock Analysis
When running Goldsun Building's price analysis, check to measure Goldsun Building'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 Goldsun Building is operating at the current time. Most of Goldsun Building's value examination focuses on studying past and present price action to predict the probability of Goldsun Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldsun Building's price. Additionally, you may evaluate how the addition of Goldsun Building to your portfolios can decrease your overall portfolio volatility.