Gear Energy's market value is the price at which a share of Gear Energy trades on a public exchange. It measures the collective expectations of Gear Energy investors about its performance. Gear Energy is trading at 0.31 as of the 30th of December 2024. This is a 3.33% up since the beginning of the trading day. The stock's lowest day price was 0.3. With this module, you can estimate the performance of a buy and hold strategy of Gear Energy and determine expected loss or profit from investing in Gear Energy over a given investment horizon. Check out Gear Energy Correlation, Gear Energy Volatility and Gear Energy Alpha and Beta module to complement your research on Gear Energy.
Please note, there is a significant difference between Gear Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gear Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gear Energy'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.
Gear Energy '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 Gear Energy'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 Gear Energy.
0.00
11/30/2024
No Change 0.00
0.0
In 31 days
12/30/2024
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If you would invest 0.00 in Gear Energy on November 30, 2024 and sell it all today you would earn a total of 0.00 from holding Gear Energy or generate 0.0% return on investment in Gear Energy over 30 days. Gear Energy is related to or competes with CVW CLEANTECH, INTERSHOP Communications, Ribbon Communications, and ULTRA CLEAN. Gear Energy Ltd., an exploration and production company, acquires, develops, and holds interests in petroleum and natura... More
Gear Energy 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 Gear Energy'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 Gear Energy 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 Gear Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gear Energy's standard deviation. In reality, there are many statistical measures that can use Gear Energy historical prices to predict the future Gear Energy's volatility.
Gear Energy holds Efficiency (Sharpe) Ratio of -0.0552, which attests that the entity had a -0.0552% return per unit of standard deviation over the last 3 months. Gear Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gear Energy's risk adjusted performance of (0.04), and Market Risk Adjusted Performance of (0.36) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gear Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gear Energy is expected to be smaller as well. At this point, Gear Energy has a negative expected return of -0.19%. Please make sure to check out Gear Energy's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Gear Energy performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.37
Poor reverse predictability
Gear Energy has poor reverse predictability. Overlapping area represents the amount of predictability between Gear Energy time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 Gear Energy price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Gear Energy price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.37
Spearman Rank Test
-0.36
Residual Average
0.0
Price Variance
0.0
Gear Energy lagged returns against current returns
Autocorrelation, which is Gear Energy 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 Gear Energy's stock expected returns. We can calculate the autocorrelation of Gear Energy returns to help us make a trade decision. For example, suppose you find that Gear Energy 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
Gear Energy 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 Gear Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gear Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gear Energy stock over time.
Current vs Lagged Prices
Timeline
Gear Energy Lagged Returns
When evaluating Gear Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gear Energy stock have on its future price. Gear Energy 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, Gear Energy autocorrelation shows the relationship between Gear Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Gear Energy.
Gear Energy financial ratios help investors to determine whether Gear 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 Gear with respect to the benefits of owning Gear Energy security.