Gourmet Master (Taiwan) Market Value
| 2723 Stock | TWD 97.70 0.80 0.81% |
| Symbol | Gourmet |
Gourmet Master '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 Gourmet Master'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 Gourmet Master.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Gourmet Master on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Gourmet Master Co or generate 0.0% return on investment in Gourmet Master over 360 days. Gourmet Master is related to or competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Ltd., an investment holding company, operates and franchises a chain of cafes More
Gourmet Master 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 Gourmet Master'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 Gourmet Master Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.1396 | |||
| Maximum Drawdown | 9.63 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 3.47 |
Gourmet Master Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gourmet Master's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gourmet Master's standard deviation. In reality, there are many statistical measures that can use Gourmet Master historical prices to predict the future Gourmet Master's volatility.| Risk Adjusted Performance | 0.16 | |||
| Jensen Alpha | 0.388 | |||
| Total Risk Alpha | 0.0828 | |||
| Sortino Ratio | 0.142 | |||
| Treynor Ratio | (1.04) |
Gourmet Master Backtested Returns
Gourmet Master appears to be very steady, given 3 months investment horizon. Gourmet Master holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gourmet Master, which you can use to evaluate the volatility of the firm. Please utilize Gourmet Master's Market Risk Adjusted Performance of (1.03), risk adjusted performance of 0.16, and Downside Deviation of 1.66 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gourmet Master holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of -0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Gourmet Master are expected to decrease at a much lower rate. During the bear market, Gourmet Master is likely to outperform the market. Please check Gourmet Master's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Gourmet Master's current trending patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Gourmet Master Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Gourmet Master time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Gourmet Master price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Gourmet Master price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 25.2 |
Gourmet Master lagged returns against current returns
Autocorrelation, which is Gourmet Master 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 Gourmet Master's stock expected returns. We can calculate the autocorrelation of Gourmet Master returns to help us make a trade decision. For example, suppose you find that Gourmet Master 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 |
Gourmet Master 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 Gourmet Master stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gourmet Master stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gourmet Master stock over time.
Current vs Lagged Prices |
| Timeline |
Gourmet Master Lagged Returns
When evaluating Gourmet Master's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gourmet Master stock have on its future price. Gourmet Master 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, Gourmet Master autocorrelation shows the relationship between Gourmet Master stock current value and its past values and can show if there is a momentum factor associated with investing in Gourmet Master 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.Additional Tools for Gourmet Stock Analysis
When running Gourmet Master's price analysis, check to measure Gourmet Master'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 Gourmet Master is operating at the current time. Most of Gourmet Master's value examination focuses on studying past and present price action to predict the probability of Gourmet Master's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gourmet Master's price. Additionally, you may evaluate how the addition of Gourmet Master to your portfolios can decrease your overall portfolio volatility.