Gaming Factory (Poland) Market Value
| GIF Stock | 7.00 0.26 3.86% |
| Symbol | Gaming |
Gaming Factory '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 Gaming Factory'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 Gaming Factory.
| 10/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Gaming Factory on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Gaming Factory SA or generate 0.0% return on investment in Gaming Factory over 60 days. Gaming Factory is related to or competes with CD PROJEKT, PLAYWAY SA, 11 Bit, TEN SQUARE, CI Games, Ultimate Games, and All In. More
Gaming Factory 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 Gaming Factory'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 Gaming Factory SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.3 | |||
| Value At Risk | (5.35) | |||
| Potential Upside | 6.04 |
Gaming Factory Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gaming Factory's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gaming Factory's standard deviation. In reality, there are many statistical measures that can use Gaming Factory historical prices to predict the future Gaming Factory's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.8644 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gaming Factory'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.
Gaming Factory SA Backtested Returns
Gaming Factory SA holds Efficiency (Sharpe) Ratio of -0.0817, which attests that the entity had a -0.0817% return per unit of risk over the last 3 months. Gaming Factory SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gaming Factory's Standard Deviation of 3.75, risk adjusted performance of (0.04), and Market Risk Adjusted Performance of 0.8744 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gaming Factory are expected to decrease at a much lower rate. During the bear market, Gaming Factory is likely to outperform the market. At this point, Gaming Factory SA has a negative expected return of -0.29%. Please make sure to check out Gaming Factory's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Gaming Factory SA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Gaming Factory SA has average predictability. Overlapping area represents the amount of predictability between Gaming Factory time series from 30th of October 2024 to 29th of November 2024 and 29th of November 2024 to 29th 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 Gaming Factory SA price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Gaming Factory price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Gaming Factory SA lagged returns against current returns
Autocorrelation, which is Gaming Factory 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 Gaming Factory's stock expected returns. We can calculate the autocorrelation of Gaming Factory returns to help us make a trade decision. For example, suppose you find that Gaming Factory 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 |
Gaming Factory 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 Gaming Factory stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gaming Factory stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gaming Factory stock over time.
Current vs Lagged Prices |
| Timeline |
Gaming Factory Lagged Returns
When evaluating Gaming Factory's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gaming Factory stock have on its future price. Gaming Factory 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, Gaming Factory autocorrelation shows the relationship between Gaming Factory stock current value and its past values and can show if there is a momentum factor associated with investing in Gaming Factory SA.
Regressed Prices |
| Timeline |
Pair Trading with Gaming Factory
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 Gaming Factory 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 Gaming Factory will appreciate offsetting losses from the drop in the long position's value.Moving together with Gaming Stock
Moving against Gaming Stock
| 0.77 | AST | Astarta Holding NV | PairCorr |
| 0.72 | XTB | X Trade Brokers | PairCorr |
| 0.7 | BTK | Biztech Konsulting | PairCorr |
| 0.63 | PZU | Powszechny Zaklad | PairCorr |
| 0.57 | CFS | Centrum Finansowe Banku | PairCorr |
The ability to find closely correlated positions to Gaming Factory could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gaming Factory 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 Gaming Factory - 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 Gaming Factory SA to buy it.
The correlation of Gaming Factory 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 Gaming Factory moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gaming Factory 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 Gaming Factory 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 Gaming Stock Analysis
When running Gaming Factory's price analysis, check to measure Gaming Factory'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 Gaming Factory is operating at the current time. Most of Gaming Factory's value examination focuses on studying past and present price action to predict the probability of Gaming Factory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gaming Factory's price. Additionally, you may evaluate how the addition of Gaming Factory to your portfolios can decrease your overall portfolio volatility.