GX AI's market value is the price at which a share of GX AI trades on a public exchange. It measures the collective expectations of GX AI TECH investors about its performance. GX AI is trading at 79.95 as of the 13th of December 2024, a 0.36 percent decrease since the beginning of the trading day. The stock's open price was 80.24. With this module, you can estimate the performance of a buy and hold strategy of GX AI TECH and determine expected loss or profit from investing in GX AI over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
BAIQ39
GX AI '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 GX AI'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 GX AI.
0.00
11/13/2024
No Change 0.00
0.0
In 30 days
12/13/2024
0.00
If you would invest 0.00 in GX AI on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding GX AI TECH or generate 0.0% return on investment in GX AI over 30 days.
GX AI 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 GX AI'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 GX AI TECH upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for GX AI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GX AI's standard deviation. In reality, there are many statistical measures that can use GX AI historical prices to predict the future GX AI's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as GX AI. Your research has to be compared to or analyzed against GX AI's peers to derive any actionable benefits. When done correctly, GX AI's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in GX AI TECH.
GX AI TECH Backtested Returns
GX AI appears to be very steady, given 3 months investment horizon. GX AI TECH retains Efficiency (Sharpe Ratio) of 0.29, which attests that the entity had a 0.29% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for GX AI, which you can use to evaluate the volatility of the firm. Please utilize GX AI's Semi Deviation of 0.7069, standard deviation of 1.22, and Market Risk Adjusted Performance of 5.24 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GX AI holds a performance score of 22. The company owns a Beta (Systematic Risk) of 0.0709, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GX AI's returns are expected to increase less than the market. However, during the bear market, the loss of holding GX AI is expected to be smaller as well. Please check GX AI's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether GX AI's current price history will revert.
Auto-correlation
0.36
Below average predictability
GX AI TECH has below average predictability. Overlapping area represents the amount of predictability between GX AI time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 GX AI TECH price movement. The serial correlation of 0.36 indicates that just about 36.0% of current GX AI price fluctuation can be explain by its past prices.
Correlation Coefficient
0.36
Spearman Rank Test
0.7
Residual Average
0.0
Price Variance
1.33
GX AI TECH lagged returns against current returns
Autocorrelation, which is GX AI 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 GX AI's stock expected returns. We can calculate the autocorrelation of GX AI returns to help us make a trade decision. For example, suppose you find that GX AI 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
GX AI 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 GX AI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GX AI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GX AI stock over time.
Current vs Lagged Prices
Timeline
GX AI Lagged Returns
When evaluating GX AI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GX AI stock have on its future price. GX AI 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, GX AI autocorrelation shows the relationship between GX AI stock current value and its past values and can show if there is a momentum factor associated with investing in GX AI TECH.
Regressed Prices
Timeline
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