Great Western (Ireland) Market Value
| 8GW Stock | EUR 0 0.00 0.00% |
| Symbol | Great |
Great Western '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 Great Western'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 Great Western.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Great Western on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Great Western Mining or generate 0.0% return on investment in Great Western over 90 days. Great Western is related to or competes with Ryanair Holdings, Cairn Homes, Dalata Hotel, Datalex, and Bank of Ireland. More
Great Western 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 Great Western'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 Great Western Mining upside and downside potential and time the market with a certain degree of confidence.
Great Western Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great Western's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great Western's standard deviation. In reality, there are many statistical measures that can use Great Western historical prices to predict the future Great Western's volatility.Great Western Mining Backtested Returns
We have found three technical indicators for Great Western Mining, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Great Western are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Great Western Mining has no correlation between past and present. Overlapping area represents the amount of predictability between Great Western time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Great Western Mining price movement. The serial correlation of 0.0 indicates that just 0.0% of current Great Western price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Great Western Mining lagged returns against current returns
Autocorrelation, which is Great Western 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 Great Western's stock expected returns. We can calculate the autocorrelation of Great Western returns to help us make a trade decision. For example, suppose you find that Great Western 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 |
Great Western 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 Great Western stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great Western stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great Western stock over time.
Current vs Lagged Prices |
| Timeline |
Great Western Lagged Returns
When evaluating Great Western's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great Western stock have on its future price. Great Western 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, Great Western autocorrelation shows the relationship between Great Western stock current value and its past values and can show if there is a momentum factor associated with investing in Great Western Mining.
Regressed Prices |
| Timeline |
Pair Trading with Great Western
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 Great Western 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 Great Western will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Great Western could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Western 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 Great Western - 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 Great Western Mining to buy it.
The correlation of Great Western 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 Great Western moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Western Mining 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 Great Western 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 Great Stock Analysis
When running Great Western's price analysis, check to measure Great Western'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 Great Western is operating at the current time. Most of Great Western's value examination focuses on studying past and present price action to predict the probability of Great Western's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Western's price. Additionally, you may evaluate how the addition of Great Western to your portfolios can decrease your overall portfolio volatility.