Gaming Corps (Sweden) Market Value
| GCOR Stock | SEK 0.57 0.01 1.72% |
| Symbol | Gaming |
Gaming Corps '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 Gaming Corps' 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 Gaming Corps.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Gaming Corps on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Gaming Corps AB or generate 0.0% return on investment in Gaming Corps over 30 days. Gaming Corps is related to or competes with SBB-B, Sinch AB, Zaptec AS, and Evolution. Gaming Corps AB develops videogames and interactive entertainment in Sweden More
Gaming Corps 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 Gaming Corps' 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 Gaming Corps AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 36.24 | |||
| Value At Risk | (7.04) | |||
| Potential Upside | 5.26 |
Gaming Corps Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gaming Corps' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gaming Corps' standard deviation. In reality, there are many statistical measures that can use Gaming Corps historical prices to predict the future Gaming Corps' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (1.89) |
Gaming Corps AB Backtested Returns
Gaming Corps AB holds Efficiency (Sharpe) Ratio of -0.0839, which attests that the entity had a -0.0839% return per unit of risk over the last 3 months. Gaming Corps AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gaming Corps' Risk Adjusted Performance of (0.07), market risk adjusted performance of (1.88), and Standard Deviation of 5.88 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gaming Corps' returns are expected to increase less than the market. However, during the bear market, the loss of holding Gaming Corps is expected to be smaller as well. At this point, Gaming Corps AB has a negative expected return of -0.49%. Please make sure to check out Gaming Corps' treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Gaming Corps AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Gaming Corps AB has modest predictability. Overlapping area represents the amount of predictability between Gaming Corps time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Gaming Corps AB price movement. The serial correlation of 0.53 indicates that about 53.0% of current Gaming Corps price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gaming Corps AB lagged returns against current returns
Autocorrelation, which is Gaming Corps 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 Gaming Corps' stock expected returns. We can calculate the autocorrelation of Gaming Corps returns to help us make a trade decision. For example, suppose you find that Gaming Corps 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 |
Gaming Corps 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 Gaming Corps stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gaming Corps stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gaming Corps stock over time.
Current vs Lagged Prices |
| Timeline |
Gaming Corps Lagged Returns
When evaluating Gaming Corps' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gaming Corps stock have on its future price. Gaming Corps 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, Gaming Corps autocorrelation shows the relationship between Gaming Corps stock current value and its past values and can show if there is a momentum factor associated with investing in Gaming Corps AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Gaming Stock Analysis
When running Gaming Corps' price analysis, check to measure Gaming Corps' 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 Gaming Corps is operating at the current time. Most of Gaming Corps' value examination focuses on studying past and present price action to predict the probability of Gaming Corps' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gaming Corps' price. Additionally, you may evaluate how the addition of Gaming Corps to your portfolios can decrease your overall portfolio volatility.