Genesyslogic (Taiwan) Market Value
| 6104 Stock | TWD 177.00 4.50 2.61% |
| Symbol | Genesyslogic |
Genesyslogic '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 Genesyslogic'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 Genesyslogic.
| 07/30/2024 |
| 12/27/2024 |
If you would invest 0.00 in Genesyslogic on July 30, 2024 and sell it all today you would earn a total of 0.00 from holding Genesyslogic or generate 0.0% return on investment in Genesyslogic over 150 days. Genesyslogic is related to or competes with Realtek Semiconductor, Kinsus Interconnect, Faraday Technology, Etron Technology, and Global Unichip. Genesys Logic, Inc. engages in the design, manufacture, testing, and sale of ICs for PC peripherals and related products... More
Genesyslogic 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 Genesyslogic'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 Genesyslogic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.1014 | |||
| Maximum Drawdown | 18.29 | |||
| Value At Risk | (5.54) | |||
| Potential Upside | 7.3 |
Genesyslogic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Genesyslogic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genesyslogic's standard deviation. In reality, there are many statistical measures that can use Genesyslogic historical prices to predict the future Genesyslogic's volatility.| Risk Adjusted Performance | 0.0999 | |||
| Jensen Alpha | 0.401 | |||
| Total Risk Alpha | 0.2162 | |||
| Sortino Ratio | 0.1087 | |||
| Treynor Ratio | 1.14 |
Genesyslogic Backtested Returns
Genesyslogic appears to be very steady, given 3 months investment horizon. Genesyslogic holds Efficiency (Sharpe) Ratio of 0.0972, which attests that the entity had a 0.0972% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Genesyslogic, which you can use to evaluate the volatility of the firm. Please utilize Genesyslogic's Market Risk Adjusted Performance of 1.15, downside deviation of 3.44, and Risk Adjusted Performance of 0.0999 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Genesyslogic holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Genesyslogic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Genesyslogic is expected to be smaller as well. Please check Genesyslogic's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Genesyslogic's current trending patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Genesyslogic has modest predictability. Overlapping area represents the amount of predictability between Genesyslogic time series from 30th of July 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Genesyslogic price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Genesyslogic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 183.04 |
Genesyslogic lagged returns against current returns
Autocorrelation, which is Genesyslogic 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 Genesyslogic's stock expected returns. We can calculate the autocorrelation of Genesyslogic returns to help us make a trade decision. For example, suppose you find that Genesyslogic 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 |
Genesyslogic 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 Genesyslogic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genesyslogic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genesyslogic stock over time.
Current vs Lagged Prices |
| Timeline |
Genesyslogic Lagged Returns
When evaluating Genesyslogic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genesyslogic stock have on its future price. Genesyslogic 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, Genesyslogic autocorrelation shows the relationship between Genesyslogic stock current value and its past values and can show if there is a momentum factor associated with investing in Genesyslogic.
Regressed Prices |
| Timeline |
Pair Trading with Genesyslogic
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 Genesyslogic 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 Genesyslogic will appreciate offsetting losses from the drop in the long position's value.Moving against Genesyslogic Stock
| 0.56 | 1303 | Nan Ya Plastics | PairCorr |
| 0.56 | 2002 | China Steel Corp | PairCorr |
| 0.48 | 2002A | China Steel Corp | PairCorr |
| 0.46 | 2317 | Hon Hai Precision | PairCorr |
| 0.45 | 6488 | GlobalWafers | PairCorr |
The ability to find closely correlated positions to Genesyslogic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genesyslogic 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 Genesyslogic - 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 Genesyslogic to buy it.
The correlation of Genesyslogic 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 Genesyslogic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genesyslogic 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 Genesyslogic 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 Genesyslogic Stock Analysis
When running Genesyslogic's price analysis, check to measure Genesyslogic'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 Genesyslogic is operating at the current time. Most of Genesyslogic's value examination focuses on studying past and present price action to predict the probability of Genesyslogic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genesyslogic's price. Additionally, you may evaluate how the addition of Genesyslogic to your portfolios can decrease your overall portfolio volatility.