Good Finance (Taiwan) Market Value
| 6021 Stock | TWD 23.80 0.20 0.85% |
| Symbol | Good |
Good Finance '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 Good Finance'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 Good Finance.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Good Finance on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Good Finance Securities or generate 0.0% return on investment in Good Finance over 30 days. Good Finance is related to or competes with IBF Financial, Capital Securities, President Securities, China Bills, Yuanta Futures, Capital Futures, and Concord Securities. Ta Ching Securities Co., Ltd. provides investment and financial services in Taiwan More
Good Finance 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 Good Finance'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 Good Finance Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.0075 | |||
| Maximum Drawdown | 13.65 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 3.8 |
Good Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Good Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Good Finance's standard deviation. In reality, there are many statistical measures that can use Good Finance historical prices to predict the future Good Finance's volatility.| Risk Adjusted Performance | 0.0432 | |||
| Jensen Alpha | 0.0998 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0101 | |||
| Treynor Ratio | (0.70) |
Good Finance Securities Backtested Returns
At this stage we consider Good Stock to be very steady. Good Finance Securities holds Efficiency (Sharpe) Ratio of 0.0554, which attests that the entity had a 0.0554% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Good Finance Securities, which you can use to evaluate the volatility of the firm. Please check out Good Finance's Market Risk Adjusted Performance of (0.69), risk adjusted performance of 0.0432, and Downside Deviation of 1.46 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Good Finance has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Good Finance are expected to decrease at a much lower rate. During the bear market, Good Finance is likely to outperform the market. Good Finance Securities right now retains a risk of 1.99%. Please check out Good Finance downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Good Finance will be following its current trending patterns.
Auto-correlation | 0.78 |
Good predictability
Good Finance Securities has good predictability. Overlapping area represents the amount of predictability between Good Finance time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Good Finance Securities price movement. The serial correlation of 0.78 indicates that around 78.0% of current Good Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Good Finance Securities lagged returns against current returns
Autocorrelation, which is Good Finance 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 Good Finance's stock expected returns. We can calculate the autocorrelation of Good Finance returns to help us make a trade decision. For example, suppose you find that Good Finance 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 |
Good Finance 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 Good Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Good Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Good Finance stock over time.
Current vs Lagged Prices |
| Timeline |
Good Finance Lagged Returns
When evaluating Good Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Good Finance stock have on its future price. Good Finance 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, Good Finance autocorrelation shows the relationship between Good Finance stock current value and its past values and can show if there is a momentum factor associated with investing in Good Finance Securities.
Regressed Prices |
| Timeline |
Pair Trading with Good Finance
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 Good Finance 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 Good Finance will appreciate offsetting losses from the drop in the long position's value.Moving against Good Stock
The ability to find closely correlated positions to Good Finance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Good Finance 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 Good Finance - 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 Good Finance Securities to buy it.
The correlation of Good Finance 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 Good Finance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Good Finance Securities 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 Good Finance 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 Good Stock Analysis
When running Good Finance's price analysis, check to measure Good Finance'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 Good Finance is operating at the current time. Most of Good Finance's value examination focuses on studying past and present price action to predict the probability of Good Finance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Good Finance's price. Additionally, you may evaluate how the addition of Good Finance to your portfolios can decrease your overall portfolio volatility.