GOME Retail (Germany) Market Value
| CKS2 Stock | 0 0.00 0.00% |
| Symbol | GOME |
GOME Retail '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 GOME Retail'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 GOME Retail.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in GOME Retail on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding GOME Retail Holdings or generate 0.0% return on investment in GOME Retail over 180 days. GOME Retail is related to or competes with MercadoLibre, OReilly Automotive, AutoZone, Tractor Supply, Ulta Beauty, EBay, and Genuine Parts. More
GOME Retail 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 GOME Retail'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 GOME Retail Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0511 | |||
| Maximum Drawdown | 83.33 |
GOME Retail Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GOME Retail's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GOME Retail's standard deviation. In reality, there are many statistical measures that can use GOME Retail historical prices to predict the future GOME Retail's volatility.| Risk Adjusted Performance | 0.052 | |||
| Jensen Alpha | 0.5652 | |||
| Total Risk Alpha | 0.293 | |||
| Treynor Ratio | 0.2456 |
GOME Retail Holdings Backtested Returns
GOME Retail appears to be out of control, given 3 months investment horizon. GOME Retail Holdings holds Efficiency (Sharpe) Ratio of 0.0539, which attests that the entity had a 0.0539% return per unit of risk over the last 3 months. By analyzing GOME Retail's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please utilize GOME Retail's Risk Adjusted Performance of 0.052, coefficient of variation of 1856.84, and Market Risk Adjusted Performance of 0.2556 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GOME Retail holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 2.53, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GOME Retail will likely underperform. Please check GOME Retail's variance, treynor ratio, skewness, as well as the relationship between the information ratio and maximum drawdown , to make a quick decision on whether GOME Retail's current trending patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
GOME Retail Holdings has no correlation between past and present. Overlapping area represents the amount of predictability between GOME Retail time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 GOME Retail Holdings price movement. The serial correlation of 0.0 indicates that just 0.0% of current GOME Retail price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GOME Retail Holdings lagged returns against current returns
Autocorrelation, which is GOME Retail 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 GOME Retail's stock expected returns. We can calculate the autocorrelation of GOME Retail returns to help us make a trade decision. For example, suppose you find that GOME Retail 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 |
GOME Retail 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 GOME Retail stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GOME Retail stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GOME Retail stock over time.
Current vs Lagged Prices |
| Timeline |
GOME Retail Lagged Returns
When evaluating GOME Retail's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GOME Retail stock have on its future price. GOME Retail 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, GOME Retail autocorrelation shows the relationship between GOME Retail stock current value and its past values and can show if there is a momentum factor associated with investing in GOME Retail Holdings.
Regressed Prices |
| Timeline |
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Additional Tools for GOME Stock Analysis
When running GOME Retail's price analysis, check to measure GOME Retail'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 GOME Retail is operating at the current time. Most of GOME Retail's value examination focuses on studying past and present price action to predict the probability of GOME Retail's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GOME Retail's price. Additionally, you may evaluate how the addition of GOME Retail to your portfolios can decrease your overall portfolio volatility.