GORE German (Germany) Market Value
| GAG Stock | 0.24 0.00 0.00% |
| Symbol | GORE |
GORE German '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 GORE German'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 GORE German.
| 02/19/2024 |
| 05/19/2024 |
If you would invest 0.00 in GORE German on February 19, 2024 and sell it all today you would earn a total of 0.00 from holding GORE German Office or generate 0.0% return on investment in GORE German over 90 days. GORE German is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Identiv. More
GORE German 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 GORE German'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 GORE German Office upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 32.14 | |||
| Potential Upside | 4.55 |
GORE German Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GORE German's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GORE German's standard deviation. In reality, there are many statistical measures that can use GORE German historical prices to predict the future GORE German's volatility.| Risk Adjusted Performance | 9.0E-4 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GORE German'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.
GORE German Office Backtested Returns
GORE German Office holds Efficiency (Sharpe) Ratio of -0.0139, which attests that the entity had a -0.0139% return per unit of volatility over the last 3 months. GORE German Office exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GORE German's risk adjusted performance of 9.0E-4, and Market Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company 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, GORE German's returns are expected to increase less than the market. However, during the bear market, the loss of holding GORE German is expected to be smaller as well. GORE German Office has an expected return of -0.0763%. Please make sure to check out GORE German jensen alpha and kurtosis , to decide if GORE German Office performance from the past will be repeated at future time.
Auto-correlation | 0.64 |
Good predictability
GORE German Office has good predictability. Overlapping area represents the amount of predictability between GORE German time series from 19th of February 2024 to 4th of April 2024 and 4th of April 2024 to 19th of May 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 GORE German Office price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current GORE German price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GORE German Office lagged returns against current returns
Autocorrelation, which is GORE German 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 GORE German's stock expected returns. We can calculate the autocorrelation of GORE German returns to help us make a trade decision. For example, suppose you find that GORE German 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 |
GORE German 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 GORE German stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GORE German stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GORE German stock over time.
Current vs Lagged Prices |
| Timeline |
GORE German Lagged Returns
When evaluating GORE German's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GORE German stock have on its future price. GORE German 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, GORE German autocorrelation shows the relationship between GORE German stock current value and its past values and can show if there is a momentum factor associated with investing in GORE German Office.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Check out GORE German Correlation, GORE German Volatility and GORE German Alpha and Beta module to complement your research on GORE German. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for GORE Stock analysis
When running GORE German's price analysis, check to measure GORE German'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 GORE German is operating at the current time. Most of GORE German's value examination focuses on studying past and present price action to predict the probability of GORE German's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GORE German's price. Additionally, you may evaluate how the addition of GORE German to your portfolios can decrease your overall portfolio volatility.
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GORE German technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.