Gamedust (Poland) Market Value
| GDC Stock | 0.1 0.0004 0.41% |
| Symbol | Gamedust |
Gamedust '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 Gamedust'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 Gamedust.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Gamedust on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Gamedust SA or generate 0.0% return on investment in Gamedust over 30 days. Gamedust is related to or competes with Asseco Business, Movie Games, Altustfi, 3R Games, and Igoria Trade. More
Gamedust 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 Gamedust'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 Gamedust SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 8.33 |
Gamedust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gamedust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gamedust's standard deviation. In reality, there are many statistical measures that can use Gamedust historical prices to predict the future Gamedust's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (1.13) | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gamedust's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gamedust SA Backtested Returns
Gamedust SA holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. Gamedust SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gamedust's Risk Adjusted Performance of (0.04), market risk adjusted performance of (0.39), and Standard Deviation of 4.78 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.82, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gamedust's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gamedust is expected to be smaller as well. At this point, Gamedust SA has a negative expected return of -0.42%. Please make sure to check out Gamedust's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Gamedust SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Gamedust SA has weak predictability. Overlapping area represents the amount of predictability between Gamedust time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Gamedust SA price movement. The serial correlation of 0.21 indicates that over 21.0% of current Gamedust price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gamedust SA lagged returns against current returns
Autocorrelation, which is Gamedust 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 Gamedust's stock expected returns. We can calculate the autocorrelation of Gamedust returns to help us make a trade decision. For example, suppose you find that Gamedust 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 |
Gamedust 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 Gamedust stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gamedust stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gamedust stock over time.
Current vs Lagged Prices |
| Timeline |
Gamedust Lagged Returns
When evaluating Gamedust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gamedust stock have on its future price. Gamedust 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, Gamedust autocorrelation shows the relationship between Gamedust stock current value and its past values and can show if there is a momentum factor associated with investing in Gamedust SA.
Regressed Prices |
| Timeline |
Pair Trading with Gamedust
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 Gamedust 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 Gamedust will appreciate offsetting losses from the drop in the long position's value.Moving against Gamedust Stock
The ability to find closely correlated positions to Gamedust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gamedust 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 Gamedust - 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 Gamedust SA to buy it.
The correlation of Gamedust 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 Gamedust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gamedust SA 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 Gamedust 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 Gamedust Stock Analysis
When running Gamedust's price analysis, check to measure Gamedust'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 Gamedust is operating at the current time. Most of Gamedust's value examination focuses on studying past and present price action to predict the probability of Gamedust's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gamedust's price. Additionally, you may evaluate how the addition of Gamedust to your portfolios can decrease your overall portfolio volatility.