Gold Circuit (Taiwan) Market Value
| 2368 Stock | TWD 216.50 0.50 0.23% |
| Symbol | Gold |
Gold Circuit '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 Gold Circuit'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 Gold Circuit.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Gold Circuit on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Gold Circuit Electronics or generate 0.0% return on investment in Gold Circuit over 90 days. Gold Circuit is related to or competes with Compeq Manufacturing, Unitech Printed, Unimicron Technology, WUS Printed, and Chin Poon. Gold Circuit Electronics Ltd. manufactures, processes, and trades printed circuit boards in Taiwan More
Gold Circuit 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 Gold Circuit'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 Gold Circuit Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.1485 | |||
| Maximum Drawdown | 17.34 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 4.88 |
Gold Circuit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gold Circuit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gold Circuit's standard deviation. In reality, there are many statistical measures that can use Gold Circuit historical prices to predict the future Gold Circuit's volatility.| Risk Adjusted Performance | 0.0937 | |||
| Jensen Alpha | 0.274 | |||
| Total Risk Alpha | 0.7709 | |||
| Sortino Ratio | 0.138 | |||
| Treynor Ratio | (3.53) |
Gold Circuit Electronics Backtested Returns
Gold Circuit Electronics holds Efficiency (Sharpe) Ratio of -0.0558, which attests that the entity had a -0.0558 % return per unit of risk over the last 3 months. Gold Circuit Electronics exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gold Circuit's Market Risk Adjusted Performance of (3.52), downside deviation of 3.1, and Risk Adjusted Performance of 0.0937 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0809, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gold Circuit are expected to decrease at a much lower rate. During the bear market, Gold Circuit is likely to outperform the market. At this point, Gold Circuit Electronics has a negative expected return of -0.15%. Please make sure to check out Gold Circuit's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Gold Circuit Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Gold Circuit Electronics has poor predictability. Overlapping area represents the amount of predictability between Gold Circuit time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Gold Circuit Electronics price movement. The serial correlation of 0.25 indicates that over 25.0% of current Gold Circuit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 48.61 |
Gold Circuit Electronics lagged returns against current returns
Autocorrelation, which is Gold Circuit 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 Gold Circuit's stock expected returns. We can calculate the autocorrelation of Gold Circuit returns to help us make a trade decision. For example, suppose you find that Gold Circuit 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 |
Gold Circuit 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 Gold Circuit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gold Circuit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gold Circuit stock over time.
Current vs Lagged Prices |
| Timeline |
Gold Circuit Lagged Returns
When evaluating Gold Circuit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gold Circuit stock have on its future price. Gold Circuit 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, Gold Circuit autocorrelation shows the relationship between Gold Circuit stock current value and its past values and can show if there is a momentum factor associated with investing in Gold Circuit Electronics.
Regressed Prices |
| Timeline |
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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.Additional Tools for Gold Stock Analysis
When running Gold Circuit's price analysis, check to measure Gold Circuit'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 Gold Circuit is operating at the current time. Most of Gold Circuit's value examination focuses on studying past and present price action to predict the probability of Gold Circuit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Circuit's price. Additionally, you may evaluate how the addition of Gold Circuit to your portfolios can decrease your overall portfolio volatility.