Grand Ocean (Taiwan) Market Value
| 5907 Stock | TWD 12.25 1.10 9.87% |
| Symbol | Grand |
Grand Ocean '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 Grand Ocean'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 Grand Ocean.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Grand Ocean on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Grand Ocean Retail or generate 0.0% return on investment in Grand Ocean over 360 days. Grand Ocean is related to or competes with First Steamship, Far Eastern, LongDa Construction, Collins, and HannStar Board. Grand Ocean Retail Group Ltd. engages in the department store retail business in China More
Grand Ocean 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 Grand Ocean'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 Grand Ocean Retail upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.75 | |||
| Information Ratio | 0.0991 | |||
| Maximum Drawdown | 17.79 | |||
| Value At Risk | (5.20) | |||
| Potential Upside | 9.86 |
Grand Ocean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grand Ocean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grand Ocean's standard deviation. In reality, there are many statistical measures that can use Grand Ocean historical prices to predict the future Grand Ocean's volatility.| Risk Adjusted Performance | 0.1076 | |||
| Jensen Alpha | 0.534 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.1179 | |||
| Treynor Ratio | 2.06 |
Grand Ocean Retail Backtested Returns
Grand Ocean appears to be somewhat reliable, given 3 months investment horizon. Grand Ocean Retail holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of standard deviation over the last 3 months. By evaluating Grand Ocean's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please utilize Grand Ocean's risk adjusted performance of 0.1076, and Market Risk Adjusted Performance of 2.07 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grand Ocean holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grand Ocean's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grand Ocean is expected to be smaller as well. Please check Grand Ocean's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Grand Ocean's current trending patterns will revert.
Auto-correlation | -0.43 |
Modest reverse predictability
Grand Ocean Retail has modest reverse predictability. Overlapping area represents the amount of predictability between Grand Ocean time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Grand Ocean Retail price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Grand Ocean price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 2.59 |
Grand Ocean Retail lagged returns against current returns
Autocorrelation, which is Grand Ocean 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 Grand Ocean's stock expected returns. We can calculate the autocorrelation of Grand Ocean returns to help us make a trade decision. For example, suppose you find that Grand Ocean 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 |
Grand Ocean 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 Grand Ocean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grand Ocean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grand Ocean stock over time.
Current vs Lagged Prices |
| Timeline |
Grand Ocean Lagged Returns
When evaluating Grand Ocean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grand Ocean stock have on its future price. Grand Ocean 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, Grand Ocean autocorrelation shows the relationship between Grand Ocean stock current value and its past values and can show if there is a momentum factor associated with investing in Grand Ocean Retail.
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 Grand Stock Analysis
When running Grand Ocean's price analysis, check to measure Grand Ocean'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 Grand Ocean is operating at the current time. Most of Grand Ocean's value examination focuses on studying past and present price action to predict the probability of Grand Ocean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grand Ocean's price. Additionally, you may evaluate how the addition of Grand Ocean to your portfolios can decrease your overall portfolio volatility.