Green World (Taiwan) Market Value

6763 Stock  TWD 68.80  0.10  0.15%   
Green World's market value is the price at which a share of Green World trades on a public exchange. It measures the collective expectations of Green World Fintech investors about its performance. Green World is selling for under 68.80 as of the 11th of December 2024; that is 0.15% up since the beginning of the trading day. The stock's lowest day price was 68.5.
With this module, you can estimate the performance of a buy and hold strategy of Green World Fintech and determine expected loss or profit from investing in Green World over a given investment horizon. Check out Green World Correlation, Green World Volatility and Green World Alpha and Beta module to complement your research on Green World.
Symbol

Please note, there is a significant difference between Green World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Green World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Green World's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Green World '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 Green World'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 Green World.
0.00
11/11/2024
No Change 0.00  0.0 
In 31 days
12/11/2024
0.00
If you would invest  0.00  in Green World on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Green World Fintech or generate 0.0% return on investment in Green World over 30 days. Green World is related to or competes with Level Biotechnology, Golden Biotechnology, Apex Biotechnology, Arbor Technology, Kinsus Interconnect, Chicony Power, and GeneReach Biotechnology. Green World Fintech Service Co., Ltd., a financial technology service company, provides third-party payment services More

Green World 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 Green World'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 Green World Fintech upside and downside potential and time the market with a certain degree of confidence.

Green World Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Green World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Green World's standard deviation. In reality, there are many statistical measures that can use Green World historical prices to predict the future Green World's volatility.
Hype
Prediction
LowEstimatedHigh
64.1668.7073.24
Details
Intrinsic
Valuation
LowRealHigh
52.5857.1275.57
Details
Naive
Forecast
LowNextHigh
76.0480.5885.12
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
68.0670.2372.40
Details

Green World Fintech Backtested Returns

Green World appears to be very steady, given 3 months investment horizon. Green World Fintech holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating Green World's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize Green World's Downside Deviation of 3.77, market risk adjusted performance of (1.45), and Risk Adjusted Performance of 0.1033 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Green World holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Green World are expected to decrease at a much lower rate. During the bear market, Green World is likely to outperform the market. Please check Green World's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Green World's current trending patterns will revert.

Auto-correlation

    
  -0.06  

Very weak reverse predictability

Green World Fintech has very weak reverse predictability. Overlapping area represents the amount of predictability between Green World time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Green World Fintech price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Green World price fluctuation can be explain by its past prices.
Correlation Coefficient-0.06
Spearman Rank Test0.18
Residual Average0.0
Price Variance2.02

Green World Fintech lagged returns against current returns

Autocorrelation, which is Green World 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 Green World's stock expected returns. We can calculate the autocorrelation of Green World returns to help us make a trade decision. For example, suppose you find that Green World 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  

Green World 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 Green World stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Green World stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Green World stock over time.
   Current vs Lagged Prices   
       Timeline  

Green World Lagged Returns

When evaluating Green World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Green World stock have on its future price. Green World 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, Green World autocorrelation shows the relationship between Green World stock current value and its past values and can show if there is a momentum factor associated with investing in Green World Fintech.
   Regressed Prices   
       Timeline  

Pair Trading with Green World

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 Green World 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 Green World will appreciate offsetting losses from the drop in the long position's value.

Moving against Green Stock

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The ability to find closely correlated positions to Green World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Green World 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 Green World - 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 Green World Fintech to buy it.
The correlation of Green World 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 Green World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Green World Fintech 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 Green World 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.
Pair CorrelationCorrelation Matching

Additional Tools for Green Stock Analysis

When running Green World's price analysis, check to measure Green World'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 Green World is operating at the current time. Most of Green World's value examination focuses on studying past and present price action to predict the probability of Green World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Green World's price. Additionally, you may evaluate how the addition of Green World to your portfolios can decrease your overall portfolio volatility.