GigaDevice SemiconductorBei (China) Market Value
| 603986 Stock | 136.77 0.23 0.17% |
| Symbol | GigaDevice |
GigaDevice SemiconductorBei '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 GigaDevice SemiconductorBei'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 GigaDevice SemiconductorBei.
| 03/10/2023 |
| 02/27/2025 |
If you would invest 0.00 in GigaDevice SemiconductorBei on March 10, 2023 and sell it all today you would earn a total of 0.00 from holding GigaDevice SemiconductorBeiji or generate 0.0% return on investment in GigaDevice SemiconductorBei over 720 days. GigaDevice SemiconductorBei is related to or competes with Shenzhen Centralcon, Henan Shuanghui, Huawen Media, Yili Chuanning, Anhui Huaheng, and Ningbo MedicalSystem. GigaDevice SemiconductorBei is entity of China More
GigaDevice SemiconductorBei 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 GigaDevice SemiconductorBei'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 GigaDevice SemiconductorBeiji upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.1956 | |||
| Maximum Drawdown | 16.17 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 8.98 |
GigaDevice SemiconductorBei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GigaDevice SemiconductorBei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GigaDevice SemiconductorBei's standard deviation. In reality, there are many statistical measures that can use GigaDevice SemiconductorBei historical prices to predict the future GigaDevice SemiconductorBei's volatility.| Risk Adjusted Performance | 0.1527 | |||
| Jensen Alpha | 0.7633 | |||
| Total Risk Alpha | 0.7959 | |||
| Sortino Ratio | 0.2543 | |||
| Treynor Ratio | 2.63 |
GigaDevice SemiconductorBei Backtested Returns
GigaDevice SemiconductorBei appears to be very steady, given 3 months investment horizon. GigaDevice SemiconductorBei holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22 % return per unit of risk over the last 3 months. By evaluating GigaDevice SemiconductorBei's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please utilize GigaDevice SemiconductorBei's Downside Deviation of 3.02, market risk adjusted performance of 2.64, and Risk Adjusted Performance of 0.1527 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GigaDevice SemiconductorBei holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GigaDevice SemiconductorBei's returns are expected to increase less than the market. However, during the bear market, the loss of holding GigaDevice SemiconductorBei is expected to be smaller as well. Please check GigaDevice SemiconductorBei's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether GigaDevice SemiconductorBei's current trending patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
GigaDevice SemiconductorBeiji has almost perfect reverse predictability. Overlapping area represents the amount of predictability between GigaDevice SemiconductorBei time series from 10th of March 2023 to 4th of March 2024 and 4th of March 2024 to 27th of February 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 GigaDevice SemiconductorBei price movement. The serial correlation of -0.73 indicates that around 73.0% of current GigaDevice SemiconductorBei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 345.92 |
GigaDevice SemiconductorBei lagged returns against current returns
Autocorrelation, which is GigaDevice SemiconductorBei 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 GigaDevice SemiconductorBei's stock expected returns. We can calculate the autocorrelation of GigaDevice SemiconductorBei returns to help us make a trade decision. For example, suppose you find that GigaDevice SemiconductorBei 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 |
GigaDevice SemiconductorBei 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 GigaDevice SemiconductorBei stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GigaDevice SemiconductorBei stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GigaDevice SemiconductorBei stock over time.
Current vs Lagged Prices |
| Timeline |
GigaDevice SemiconductorBei Lagged Returns
When evaluating GigaDevice SemiconductorBei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GigaDevice SemiconductorBei stock have on its future price. GigaDevice SemiconductorBei 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, GigaDevice SemiconductorBei autocorrelation shows the relationship between GigaDevice SemiconductorBei stock current value and its past values and can show if there is a momentum factor associated with investing in GigaDevice SemiconductorBeiji.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GigaDevice Stock
GigaDevice SemiconductorBei financial ratios help investors to determine whether GigaDevice 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 GigaDevice with respect to the benefits of owning GigaDevice SemiconductorBei security.