Gameon Entertainment Technologies Stock Market Value
| GMETF Stock | USD 0.01 0.01 53.57% |
| Symbol | GameOn |
GameOn Entertainment '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 GameOn Entertainment's otc 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 GameOn Entertainment.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in GameOn Entertainment on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding GameOn Entertainment Technologies or generate 0.0% return on investment in GameOn Entertainment over 90 days. GameOn Entertainment is related to or competes with NEXON Co, Playstudios, Doubledown Interactive, Bragg Gaming, Golden Matrix, and Snail,. GameOn Entertainment Technologies Inc. provides white label game technologies More
GameOn Entertainment 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 GameOn Entertainment's otc 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 GameOn Entertainment Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 34.2 | |||
| Information Ratio | 0.1317 | |||
| Maximum Drawdown | 184.54 | |||
| Value At Risk | (52.76) | |||
| Potential Upside | 78.75 |
GameOn Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GameOn Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GameOn Entertainment's standard deviation. In reality, there are many statistical measures that can use GameOn Entertainment historical prices to predict the future GameOn Entertainment's volatility.| Risk Adjusted Performance | 0.1217 | |||
| Jensen Alpha | 4.51 | |||
| Total Risk Alpha | 8.09 | |||
| Sortino Ratio | 0.1229 | |||
| Treynor Ratio | 1.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GameOn Entertainment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
GameOn Entertainment Backtested Returns
GameOn Entertainment is out of control given 3 months investment horizon. GameOn Entertainment holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15 % return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 5.43% are justified by taking the suggested risk. Use GameOn Entertainment Technologies Risk Adjusted Performance of 0.1217, market risk adjusted performance of 1.07, and Downside Deviation of 34.2 to evaluate company specific risk that cannot be diversified away. GameOn Entertainment holds a performance score of 11 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 3.86, 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, GameOn Entertainment will likely underperform. Use GameOn Entertainment Technologies sortino ratio and the relationship between the potential upside and day median price , to analyze future returns on GameOn Entertainment Technologies.
Auto-correlation | -0.05 |
Very weak reverse predictability
GameOn Entertainment Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between GameOn Entertainment 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 GameOn Entertainment price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current GameOn Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GameOn Entertainment lagged returns against current returns
Autocorrelation, which is GameOn Entertainment otc 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 GameOn Entertainment's otc stock expected returns. We can calculate the autocorrelation of GameOn Entertainment returns to help us make a trade decision. For example, suppose you find that GameOn Entertainment has exhibited high autocorrelation historically, and you observe that the otc 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 |
GameOn Entertainment 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 GameOn Entertainment otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GameOn Entertainment otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GameOn Entertainment otc stock over time.
Current vs Lagged Prices |
| Timeline |
GameOn Entertainment Lagged Returns
When evaluating GameOn Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GameOn Entertainment otc stock have on its future price. GameOn Entertainment 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, GameOn Entertainment autocorrelation shows the relationship between GameOn Entertainment otc stock current value and its past values and can show if there is a momentum factor associated with investing in GameOn Entertainment Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GameOn OTC Stock
GameOn Entertainment financial ratios help investors to determine whether GameOn OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GameOn with respect to the benefits of owning GameOn Entertainment security.