Giga Media Stock Market Value
| GIGM Stock | USD 1.35 0.02 1.46% |
| Symbol | Giga |
Giga Media Price To Book Ratio
Is Giga Media's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Giga Media. If investors know Giga will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Giga Media listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.09) | Revenue Per Share 0.388 | Quarterly Revenue Growth (0.21) | Return On Assets (0.04) | Return On Equity (0.08) |
The market value of Giga Media is measured differently than its book value, which is the value of Giga that is recorded on the company's balance sheet. Investors also form their own opinion of Giga Media's value that differs from its market value or its book value, called intrinsic value, which is Giga Media's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Giga Media's market value can be influenced by many factors that don't directly affect Giga Media's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Giga Media's value and its price as these two are different measures arrived at by different means. Investors typically determine if Giga Media is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Giga Media's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Giga Media '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 Giga Media'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 Giga Media.
| 02/28/2024 |
| 04/28/2024 |
If you would invest 0.00 in Giga Media on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Giga Media or generate 0.0% return on investment in Giga Media over 60 days. Giga Media is related to or competes with Nintendo, Nintendo, UbiSoft Entertainment, SohuCom, Doubledown InteractiveCo, and Playstudios. GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong More
Giga Media 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 Giga Media'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 Giga Media upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.24 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 3.08 |
Giga Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Giga Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Giga Media's standard deviation. In reality, there are many statistical measures that can use Giga Media historical prices to predict the future Giga Media's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (1.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Giga Media'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.
Giga Media Backtested Returns
Giga Media holds Efficiency (Sharpe) Ratio of -0.028, which attests that the entity had a -0.028% return per unit of risk over the last 3 months. Giga Media exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Giga Media's Market Risk Adjusted Performance of (1.00), risk adjusted performance of (0.01), and Standard Deviation of 1.83 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0696, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Giga Media's returns are expected to increase less than the market. However, during the bear market, the loss of holding Giga Media is expected to be smaller as well. Giga Media has an expected return of -0.0514%. Please make sure to check out Giga Media rate of daily change, price action indicator, as well as the relationship between the skewness and treynor ratio , to decide if Giga Media performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
Giga Media has below average predictability. Overlapping area represents the amount of predictability between Giga Media time series from 28th of February 2024 to 29th of March 2024 and 29th of March 2024 to 28th of April 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 Giga Media price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Giga Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Giga Media lagged returns against current returns
Autocorrelation, which is Giga Media 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 Giga Media's stock expected returns. We can calculate the autocorrelation of Giga Media returns to help us make a trade decision. For example, suppose you find that Giga Media 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 |
Giga Media 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 Giga Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Giga Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Giga Media stock over time.
Current vs Lagged Prices |
| Timeline |
Giga Media Lagged Returns
When evaluating Giga Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Giga Media stock have on its future price. Giga Media 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, Giga Media autocorrelation shows the relationship between Giga Media stock current value and its past values and can show if there is a momentum factor associated with investing in Giga Media.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Giga Media in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Giga Media's short interest history, or implied volatility extrapolated from Giga Media options trading.
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Try AI Portfolio ArchitectCheck out Giga Media Correlation, Giga Media Volatility and Giga Media Alpha and Beta module to complement your research on Giga Media. To learn how to invest in Giga Stock, please use our How to Invest in Giga Media guide.Note that the Giga Media information on this page should be used as a complementary analysis to other Giga Media's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Giga Stock analysis
When running Giga Media's price analysis, check to measure Giga Media'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 Giga Media is operating at the current time. Most of Giga Media's value examination focuses on studying past and present price action to predict the probability of Giga Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Giga Media's price. Additionally, you may evaluate how the addition of Giga Media to your portfolios can decrease your overall portfolio volatility.
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Giga Media 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.