Galaxy Software (Taiwan) Market Value
| 6752 Stock | TWD 118.50 1.00 0.84% |
| Symbol | Galaxy |
Galaxy Software '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 Galaxy Software'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 Galaxy Software.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Galaxy Software on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Galaxy Software Services or generate 0.0% return on investment in Galaxy Software over 30 days. Galaxy Software is related to or competes with De Licacy, Tex Ray, Niching Industrial, Eagle Cold, Tsang Yow, Fu Burg, and Jentech Precision. Galaxy Software Services Corporation provides information technology cloud SaaS services in China, Taiwan, and internati... More
Galaxy Software 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 Galaxy Software'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 Galaxy Software Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.11 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 3.85 |
Galaxy Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galaxy Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galaxy Software's standard deviation. In reality, there are many statistical measures that can use Galaxy Software historical prices to predict the future Galaxy Software's volatility.| Risk Adjusted Performance | 0.0372 | |||
| Jensen Alpha | 0.1259 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.20) |
Galaxy Software Services Backtested Returns
At this stage we consider Galaxy Stock to be very steady. Galaxy Software Services holds Efficiency (Sharpe) Ratio of 0.0446, which attests that the entity had a 0.0446% return per unit of risk over the last 3 months. We have found thirty technical indicators for Galaxy Software Services, which you can use to evaluate the volatility of the firm. Please check out Galaxy Software's Market Risk Adjusted Performance of (0.19), risk adjusted performance of 0.0372, and Downside Deviation of 1.72 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. Galaxy Software has a performance score of 3 on a scale of 0 to 100. The company 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, returns on owning Galaxy Software are expected to decrease at a much lower rate. During the bear market, Galaxy Software is likely to outperform the market. Galaxy Software Services right now retains a risk of 2.28%. Please check out Galaxy Software semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Galaxy Software will be following its current trending patterns.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Galaxy Software Services has insignificant reverse predictability. Overlapping area represents the amount of predictability between Galaxy Software time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Galaxy Software Services price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Galaxy Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 10.1 |
Galaxy Software Services lagged returns against current returns
Autocorrelation, which is Galaxy Software 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 Galaxy Software's stock expected returns. We can calculate the autocorrelation of Galaxy Software returns to help us make a trade decision. For example, suppose you find that Galaxy Software 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 |
Galaxy Software 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 Galaxy Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galaxy Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galaxy Software stock over time.
Current vs Lagged Prices |
| Timeline |
Galaxy Software Lagged Returns
When evaluating Galaxy Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galaxy Software stock have on its future price. Galaxy Software 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, Galaxy Software autocorrelation shows the relationship between Galaxy Software stock current value and its past values and can show if there is a momentum factor associated with investing in Galaxy Software Services.
Regressed Prices |
| Timeline |
Pair Trading with Galaxy Software
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 Galaxy Software 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 Galaxy Software will appreciate offsetting losses from the drop in the long position's value.Moving against Galaxy Stock
The ability to find closely correlated positions to Galaxy Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Galaxy Software 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 Galaxy Software - 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 Galaxy Software Services to buy it.
The correlation of Galaxy Software 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 Galaxy Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Galaxy Software Services 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 Galaxy Software 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 Galaxy Stock Analysis
When running Galaxy Software's price analysis, check to measure Galaxy Software'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 Galaxy Software is operating at the current time. Most of Galaxy Software's value examination focuses on studying past and present price action to predict the probability of Galaxy Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galaxy Software's price. Additionally, you may evaluate how the addition of Galaxy Software to your portfolios can decrease your overall portfolio volatility.