Globaltek Fabrication (Taiwan) Market Value
| 4566 Stock | TWD 73.00 4.60 5.93% |
| Symbol | Globaltek |
Globaltek Fabrication '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 Globaltek Fabrication'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 Globaltek Fabrication.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Globaltek Fabrication on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Globaltek Fabrication Co or generate 0.0% return on investment in Globaltek Fabrication over 30 days. Globaltek Fabrication is related to or competes with Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Advanced Ceramic, Information Technology, and Kinko Optical. GLOBAL TEK FABRICATION CO., Ltd. manufactures and sells precision parts and subassemblies More
Globaltek Fabrication 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 Globaltek Fabrication'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 Globaltek Fabrication Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 14.32 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 3.02 |
Globaltek Fabrication Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globaltek Fabrication's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globaltek Fabrication's standard deviation. In reality, there are many statistical measures that can use Globaltek Fabrication historical prices to predict the future Globaltek Fabrication's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (3.14) |
Globaltek Fabrication Backtested Returns
Globaltek Fabrication holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Globaltek Fabrication exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globaltek Fabrication's Market Risk Adjusted Performance of (3.13), standard deviation of 2.44, and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0911, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Globaltek Fabrication's returns are expected to increase less than the market. However, during the bear market, the loss of holding Globaltek Fabrication is expected to be smaller as well. At this point, Globaltek Fabrication has a negative expected return of -0.31%. Please make sure to check out Globaltek Fabrication's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Globaltek Fabrication performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Globaltek Fabrication Co has average predictability. Overlapping area represents the amount of predictability between Globaltek Fabrication time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Globaltek Fabrication price movement. The serial correlation of 0.48 indicates that about 48.0% of current Globaltek Fabrication price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 2.92 |
Globaltek Fabrication lagged returns against current returns
Autocorrelation, which is Globaltek Fabrication 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 Globaltek Fabrication's stock expected returns. We can calculate the autocorrelation of Globaltek Fabrication returns to help us make a trade decision. For example, suppose you find that Globaltek Fabrication 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 |
Globaltek Fabrication 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 Globaltek Fabrication stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globaltek Fabrication stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globaltek Fabrication stock over time.
Current vs Lagged Prices |
| Timeline |
Globaltek Fabrication Lagged Returns
When evaluating Globaltek Fabrication's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globaltek Fabrication stock have on its future price. Globaltek Fabrication 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, Globaltek Fabrication autocorrelation shows the relationship between Globaltek Fabrication stock current value and its past values and can show if there is a momentum factor associated with investing in Globaltek Fabrication 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 Globaltek Stock Analysis
When running Globaltek Fabrication's price analysis, check to measure Globaltek Fabrication'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 Globaltek Fabrication is operating at the current time. Most of Globaltek Fabrication's value examination focuses on studying past and present price action to predict the probability of Globaltek Fabrication's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globaltek Fabrication's price. Additionally, you may evaluate how the addition of Globaltek Fabrication to your portfolios can decrease your overall portfolio volatility.