Goke Microelectronics (China) Market Value
| 300672 Stock | 71.38 1.62 2.22% |
| Symbol | Goke |
Goke Microelectronics '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 Goke Microelectronics' 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 Goke Microelectronics.
| 07/08/2023 |
| 12/29/2024 |
If you would invest 0.00 in Goke Microelectronics on July 8, 2023 and sell it all today you would earn a total of 0.00 from holding Goke Microelectronics Co or generate 0.0% return on investment in Goke Microelectronics over 540 days. Goke Microelectronics is related to or competes with Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, Shandong Ruifeng, and Jiangsu Seagull. Goke Microelectronics is entity of China More
Goke Microelectronics 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 Goke Microelectronics' 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 Goke Microelectronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | 0.174 | |||
| Maximum Drawdown | 28.99 | |||
| Value At Risk | (5.50) | |||
| Potential Upside | 10.31 |
Goke Microelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goke Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goke Microelectronics' standard deviation. In reality, there are many statistical measures that can use Goke Microelectronics historical prices to predict the future Goke Microelectronics' volatility.| Risk Adjusted Performance | 0.1522 | |||
| Jensen Alpha | 0.8941 | |||
| Total Risk Alpha | 0.7515 | |||
| Sortino Ratio | 0.2766 | |||
| Treynor Ratio | (5.41) |
Goke Microelectronics Backtested Returns
Goke Microelectronics appears to be very steady, given 3 months investment horizon. Goke Microelectronics holds Efficiency (Sharpe) Ratio of 0.0701, which attests that the entity had a 0.0701% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Goke Microelectronics, which you can use to evaluate the volatility of the firm. Please utilize Goke Microelectronics' Risk Adjusted Performance of 0.1522, downside deviation of 3.14, and Market Risk Adjusted Performance of (5.40) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Goke Microelectronics holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Goke Microelectronics are expected to decrease at a much lower rate. During the bear market, Goke Microelectronics is likely to outperform the market. Please check Goke Microelectronics' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Goke Microelectronics' current trending patterns will revert.
Auto-correlation | -0.58 |
Good reverse predictability
Goke Microelectronics Co has good reverse predictability. Overlapping area represents the amount of predictability between Goke Microelectronics time series from 8th of July 2023 to 3rd of April 2024 and 3rd of April 2024 to 29th 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 Goke Microelectronics price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Goke Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 102.48 |
Goke Microelectronics lagged returns against current returns
Autocorrelation, which is Goke Microelectronics 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 Goke Microelectronics' stock expected returns. We can calculate the autocorrelation of Goke Microelectronics returns to help us make a trade decision. For example, suppose you find that Goke Microelectronics 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 |
Goke Microelectronics 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 Goke Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goke Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goke Microelectronics stock over time.
Current vs Lagged Prices |
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Goke Microelectronics Lagged Returns
When evaluating Goke Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goke Microelectronics stock have on its future price. Goke Microelectronics 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, Goke Microelectronics autocorrelation shows the relationship between Goke Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Goke Microelectronics 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.Other Information on Investing in Goke Stock
Goke Microelectronics financial ratios help investors to determine whether Goke 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 Goke with respect to the benefits of owning Goke Microelectronics security.