Chinese Gamer (Taiwan) Market Value
| 3083 Stock | TWD 40.20 0.15 0.37% |
| Symbol | Chinese |
Chinese Gamer '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 Chinese Gamer'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 Chinese Gamer.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Chinese Gamer on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Chinese Gamer International or generate 0.0% return on investment in Chinese Gamer over 90 days. Chinese Gamer is related to or competes with GameSparcs, Tehmag Foods, Asustek Computer, Compal Broadband, Dimension Computer, Newretail, and WinMate Communication. Chinese Gamer International Corporation operates as an online game development company in Taiwan More
Chinese Gamer 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 Chinese Gamer'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 Chinese Gamer International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.06 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 1.29 |
Chinese Gamer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chinese Gamer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chinese Gamer's standard deviation. In reality, there are many statistical measures that can use Chinese Gamer historical prices to predict the future Chinese Gamer's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (4.00) |
Chinese Gamer Intern Backtested Returns
Chinese Gamer Intern secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of risk over the last 3 months. Chinese Gamer International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chinese Gamer's Mean Deviation of 0.7945, standard deviation of 1.15, and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.045, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chinese Gamer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chinese Gamer is expected to be smaller as well. At this point, Chinese Gamer Intern has a negative expected return of -0.13%. Please make sure to confirm Chinese Gamer's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Chinese Gamer Intern performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Chinese Gamer International has below average predictability. Overlapping area represents the amount of predictability between Chinese Gamer time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Chinese Gamer Intern price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Chinese Gamer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Chinese Gamer Intern lagged returns against current returns
Autocorrelation, which is Chinese Gamer 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 Chinese Gamer's stock expected returns. We can calculate the autocorrelation of Chinese Gamer returns to help us make a trade decision. For example, suppose you find that Chinese Gamer 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 |
Chinese Gamer 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 Chinese Gamer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chinese Gamer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chinese Gamer stock over time.
Current vs Lagged Prices |
| Timeline |
Chinese Gamer Lagged Returns
When evaluating Chinese Gamer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chinese Gamer stock have on its future price. Chinese Gamer 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, Chinese Gamer autocorrelation shows the relationship between Chinese Gamer stock current value and its past values and can show if there is a momentum factor associated with investing in Chinese Gamer International.
Regressed Prices |
| Timeline |
Pair Trading with Chinese Gamer
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chinese Gamer position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chinese Gamer will appreciate offsetting losses from the drop in the long position's value.Moving together with Chinese Stock
Moving against Chinese Stock
The ability to find closely correlated positions to Chinese Gamer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chinese Gamer when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chinese Gamer - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chinese Gamer International to buy it.
The correlation of Chinese Gamer is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chinese Gamer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chinese Gamer Intern moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chinese Gamer can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Chinese Stock Analysis
When running Chinese Gamer's price analysis, check to measure Chinese Gamer'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 Chinese Gamer is operating at the current time. Most of Chinese Gamer's value examination focuses on studying past and present price action to predict the probability of Chinese Gamer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chinese Gamer's price. Additionally, you may evaluate how the addition of Chinese Gamer to your portfolios can decrease your overall portfolio volatility.