GEVORKYAN (Czech Republic) Market Value
| GEV Stock | 264.00 4.00 1.54% |
| Symbol | GEVORKYAN |
GEVORKYAN '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 GEVORKYAN'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 GEVORKYAN.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in GEVORKYAN on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding GEVORKYAN as or generate 0.0% return on investment in GEVORKYAN over 90 days.
GEVORKYAN 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 GEVORKYAN'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 GEVORKYAN as upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0512 | |||
| Maximum Drawdown | 6.26 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.56 |
GEVORKYAN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GEVORKYAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GEVORKYAN's standard deviation. In reality, there are many statistical measures that can use GEVORKYAN historical prices to predict the future GEVORKYAN's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.1002 | |||
| Treynor Ratio | (2.94) |
GEVORKYAN as Backtested Returns
GEVORKYAN as holds Efficiency (Sharpe) Ratio of -0.055, which attests that the entity had a -0.055 % return per unit of volatility over the last 3 months. GEVORKYAN as exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GEVORKYAN's market risk adjusted performance of (2.93), and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0164, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GEVORKYAN's returns are expected to increase less than the market. However, during the bear market, the loss of holding GEVORKYAN is expected to be smaller as well. At this point, GEVORKYAN as has a negative expected return of -0.0668%. Please make sure to check out GEVORKYAN's daily balance of power, and the relationship between the skewness and day typical price , to decide if GEVORKYAN as performance from the past will be repeated at future time.
Auto-correlation | -0.24 |
Weak reverse predictability
GEVORKYAN as has weak reverse predictability. Overlapping area represents the amount of predictability between GEVORKYAN time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 GEVORKYAN as price movement. The serial correlation of -0.24 indicates that over 24.0% of current GEVORKYAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 11.14 |
GEVORKYAN as lagged returns against current returns
Autocorrelation, which is GEVORKYAN 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 GEVORKYAN's stock expected returns. We can calculate the autocorrelation of GEVORKYAN returns to help us make a trade decision. For example, suppose you find that GEVORKYAN 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 |
GEVORKYAN 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 GEVORKYAN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GEVORKYAN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GEVORKYAN stock over time.
Current vs Lagged Prices |
| Timeline |
GEVORKYAN Lagged Returns
When evaluating GEVORKYAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GEVORKYAN stock have on its future price. GEVORKYAN 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, GEVORKYAN autocorrelation shows the relationship between GEVORKYAN stock current value and its past values and can show if there is a momentum factor associated with investing in GEVORKYAN as.
Regressed Prices |
| Timeline |
Pair Trading with GEVORKYAN
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 GEVORKYAN 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 GEVORKYAN will appreciate offsetting losses from the drop in the long position's value.Moving together with GEVORKYAN Stock
Moving against GEVORKYAN Stock
| 0.81 | RBI | Raiffeisen Bank Inte | PairCorr |
| 0.81 | VIG | Vienna Insurance | PairCorr |
| 0.8 | TABAK | Philip Morris CR | PairCorr |
| 0.74 | JTINA | JT ARCH INVESTMENTS | PairCorr |
| 0.71 | KOFOL | Kofola CeskoSlovensko | PairCorr |
The ability to find closely correlated positions to GEVORKYAN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GEVORKYAN 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 GEVORKYAN - 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 GEVORKYAN as to buy it.
The correlation of GEVORKYAN 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 GEVORKYAN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GEVORKYAN as 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 GEVORKYAN 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 GEVORKYAN Stock Analysis
When running GEVORKYAN's price analysis, check to measure GEVORKYAN'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 GEVORKYAN is operating at the current time. Most of GEVORKYAN's value examination focuses on studying past and present price action to predict the probability of GEVORKYAN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GEVORKYAN's price. Additionally, you may evaluate how the addition of GEVORKYAN to your portfolios can decrease your overall portfolio volatility.