GEM's market value is the price at which a share of GEM trades on a public exchange. It measures the collective expectations of GEM Co investors about its performance. GEM is trading at 6.28 as of the 13th of January 2025, a 1.72 percent decrease since the beginning of the trading day. The stock's open price was 6.39. With this module, you can estimate the performance of a buy and hold strategy of GEM Co and determine expected loss or profit from investing in GEM over a given investment horizon. Check out GEM Correlation, GEM Volatility and GEM Alpha and Beta module to complement your research on GEM.
Please note, there is a significant difference between GEM's value and its price as these two are different measures arrived at by different means. Investors typically determine if GEM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GEM'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.
GEM '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 GEM'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 GEM.
0.00
12/14/2024
No Change 0.00
0.0
In 30 days
01/13/2025
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If you would invest 0.00 in GEM on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding GEM Co or generate 0.0% return on investment in GEM over 30 days. GEM is related to or competes with Lutian Machinery, Sinomach General, Zhongyin Babi, Yankershop Food, V V, Xinjiang Tianrun, and JuneYao Dairy. GEM is entity of China. It is traded as Stock on SHE exchange. More
GEM 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 GEM'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 GEM Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for GEM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GEM's standard deviation. In reality, there are many statistical measures that can use GEM historical prices to predict the future GEM's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as GEM. Your research has to be compared to or analyzed against GEM's peers to derive any actionable benefits. When done correctly, GEM's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in GEM Co.
GEM Co Backtested Returns
GEM Co holds Efficiency (Sharpe) Ratio of -0.0135, which attests that the entity had a -0.0135% return per unit of risk over the last 3 months. GEM Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GEM's Market Risk Adjusted Performance of 2.84, risk adjusted performance of (0.05), and Coefficient Of Variation of (1,485) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0522, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GEM are expected to decrease at a much lower rate. During the bear market, GEM is likely to outperform the market. At this point, GEM Co has a negative expected return of -0.0267%. Please make sure to check out GEM's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if GEM Co performance from the past will be repeated in the future.
Auto-correlation
0.14
Insignificant predictability
GEM Co has insignificant predictability. Overlapping area represents the amount of predictability between GEM time series from 14th of December 2024 to 29th of December 2024 and 29th of December 2024 to 13th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GEM Co price movement. The serial correlation of 0.14 indicates that less than 14.0% of current GEM price fluctuation can be explain by its past prices.
Correlation Coefficient
0.14
Spearman Rank Test
0.55
Residual Average
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Price Variance
0.02
GEM Co lagged returns against current returns
Autocorrelation, which is GEM 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 GEM's stock expected returns. We can calculate the autocorrelation of GEM returns to help us make a trade decision. For example, suppose you find that GEM 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
GEM 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 GEM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GEM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GEM stock over time.
Current vs Lagged Prices
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GEM Lagged Returns
When evaluating GEM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GEM stock have on its future price. GEM 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, GEM autocorrelation shows the relationship between GEM stock current value and its past values and can show if there is a momentum factor associated with investing in GEM Co.
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.
GEM financial ratios help investors to determine whether GEM Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GEM with respect to the benefits of owning GEM security.