GCS Holdings (Taiwan) Market Value
| 4991 Stock | TWD 122.50 6.00 5.15% |
| Symbol | GCS |
GCS Holdings '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 GCS Holdings' 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 GCS Holdings.
| 12/29/2023 |
| 12/23/2024 |
If you would invest 0.00 in GCS Holdings on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding GCS Holdings or generate 0.0% return on investment in GCS Holdings over 360 days. GCS Holdings is related to or competes with Brogent Technologies, Insyde Software, Penpower Technology, and Provision Information. GCS Holdings, Inc., together with its subsidiaries, manufactures and sells radio frequency ICs and optoelectronics devic... More
GCS Holdings 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 GCS Holdings' 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 GCS Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.85 | |||
| Information Ratio | 0.3857 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 9.91 |
GCS Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GCS Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GCS Holdings' standard deviation. In reality, there are many statistical measures that can use GCS Holdings historical prices to predict the future GCS Holdings' volatility.| Risk Adjusted Performance | 0.3193 | |||
| Jensen Alpha | 1.82 | |||
| Total Risk Alpha | 1.7 | |||
| Sortino Ratio | 0.471 | |||
| Treynor Ratio | 2.32 |
GCS Holdings Backtested Returns
GCS Holdings is very steady given 3 months investment horizon. GCS Holdings holds Efficiency (Sharpe) Ratio of 0.39, which attests that the company had a 0.39% return per unit of volatility over the last 3 months. We are able to interpolate and break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.86% are justified by taking the suggested risk. Use GCS Holdings market risk adjusted performance of 2.33, and Semi Deviation of 2.64 to evaluate company specific risk that cannot be diversified away. GCS Holdings holds a performance score of 30 on a scale of zero to a hundred. The firm retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GCS Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding GCS Holdings is expected to be smaller as well. Use GCS Holdings standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to analyze future returns on GCS Holdings.
Auto-correlation | 0.93 |
Excellent predictability
GCS Holdings has excellent predictability. Overlapping area represents the amount of predictability between GCS Holdings time series from 29th of December 2023 to 26th of June 2024 and 26th of June 2024 to 23rd of December 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 GCS Holdings price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current GCS Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 492.39 |
GCS Holdings lagged returns against current returns
Autocorrelation, which is GCS Holdings 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 GCS Holdings' stock expected returns. We can calculate the autocorrelation of GCS Holdings returns to help us make a trade decision. For example, suppose you find that GCS Holdings 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 |
GCS Holdings 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 GCS Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GCS Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GCS Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
GCS Holdings Lagged Returns
When evaluating GCS Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GCS Holdings stock have on its future price. GCS Holdings 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, GCS Holdings autocorrelation shows the relationship between GCS Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in GCS Holdings.
Regressed Prices |
| Timeline |
Pair Trading with GCS Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GCS Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GCS Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with GCS Stock
Moving against GCS Stock
| 0.91 | 6505 | Formosa Petrochemical | PairCorr |
| 0.85 | 5871 | Chailease Holding | PairCorr |
| 0.77 | 5263 | Brogent Technologies | PairCorr |
| 0.67 | 6231 | Insyde Software | PairCorr |
| 0.64 | 2887F | Taishin Financial Holding | PairCorr |
The ability to find closely correlated positions to GCS Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GCS Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GCS Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GCS Holdings to buy it.
The correlation of GCS Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GCS Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GCS Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GCS Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for GCS Stock Analysis
When running GCS Holdings' price analysis, check to measure GCS Holdings' 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 GCS Holdings is operating at the current time. Most of GCS Holdings' value examination focuses on studying past and present price action to predict the probability of GCS Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GCS Holdings' price. Additionally, you may evaluate how the addition of GCS Holdings to your portfolios can decrease your overall portfolio volatility.