Gorilla Technology Group Stock Market Value
| GRRR Stock | USD 6.09 1.06 21.07% |
| Symbol | Gorilla |
Gorilla Technology Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gorilla Technology. If investors know Gorilla will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gorilla Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 17.61 | Revenue Per Share 9.55 | Quarterly Revenue Growth 2.216 | Return On Assets 0.1975 | Return On Equity 0.4425 |
The market value of Gorilla Technology is measured differently than its book value, which is the value of Gorilla that is recorded on the company's balance sheet. Investors also form their own opinion of Gorilla Technology's value that differs from its market value or its book value, called intrinsic value, which is Gorilla Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gorilla Technology's market value can be influenced by many factors that don't directly affect Gorilla Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gorilla Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gorilla Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gorilla Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Gorilla Technology '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 Gorilla Technology'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 Gorilla Technology.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Gorilla Technology on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Gorilla Technology Group or generate 0.0% return on investment in Gorilla Technology over 30 days. Gorilla Technology is related to or competes with Cerberus Cyber, Taoping, VirnetX Holding, Tucows, NetScout Systems, Consensus Cloud, and CSG Systems. Gorilla Technology Group Inc. provides video intelligence, Internet of Things security, and edge content management hard... More
Gorilla Technology 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 Gorilla Technology'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 Gorilla Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.39 | |||
| Information Ratio | 0.182 | |||
| Maximum Drawdown | 25.54 | |||
| Value At Risk | (8.07) | |||
| Potential Upside | 12.37 |
Gorilla Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gorilla Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gorilla Technology's standard deviation. In reality, there are many statistical measures that can use Gorilla Technology historical prices to predict the future Gorilla Technology's volatility.| Risk Adjusted Performance | 0.1654 | |||
| Jensen Alpha | 0.9229 | |||
| Total Risk Alpha | 0.218 | |||
| Sortino Ratio | 0.2486 | |||
| Treynor Ratio | 0.5268 |
Gorilla Technology Backtested Returns
Gorilla Technology is unstable given 3 months investment horizon. Gorilla Technology holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Gorilla Technology Group Downside Deviation of 4.39, market risk adjusted performance of 0.5368, and Risk Adjusted Performance of 0.1654 to evaluate company specific risk that cannot be diversified away. Gorilla Technology holds a performance score of 14 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 2.31, 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, Gorilla Technology will likely underperform. Use Gorilla Technology Group potential upside, as well as the relationship between the accumulation distribution and price action indicator , to analyze future returns on Gorilla Technology Group.
Auto-correlation | 0.04 |
Virtually no predictability
Gorilla Technology Group has virtually no predictability. Overlapping area represents the amount of predictability between Gorilla Technology time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Gorilla Technology price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Gorilla Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Gorilla Technology lagged returns against current returns
Autocorrelation, which is Gorilla Technology 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 Gorilla Technology's stock expected returns. We can calculate the autocorrelation of Gorilla Technology returns to help us make a trade decision. For example, suppose you find that Gorilla Technology 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 |
Gorilla Technology 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 Gorilla Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gorilla Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gorilla Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Gorilla Technology Lagged Returns
When evaluating Gorilla Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gorilla Technology stock have on its future price. Gorilla Technology 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, Gorilla Technology autocorrelation shows the relationship between Gorilla Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Gorilla Technology Group.
Regressed Prices |
| Timeline |
Pair Trading with Gorilla Technology
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 Gorilla Technology 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 Gorilla Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Gorilla Stock
Moving against Gorilla Stock
| 0.68 | VHAI | VHAI | PairCorr |
| 0.59 | VRAR | Glimpse Group | PairCorr |
| 0.59 | VRNT | Verint Systems Earnings Call This Week | PairCorr |
| 0.31 | MQ | Marqeta Potential Growth | PairCorr |
| 0.31 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
The ability to find closely correlated positions to Gorilla Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gorilla Technology 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 Gorilla Technology - 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 Gorilla Technology Group to buy it.
The correlation of Gorilla Technology 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 Gorilla Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gorilla Technology 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 Gorilla Technology 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 Gorilla Stock Analysis
When running Gorilla Technology's price analysis, check to measure Gorilla Technology'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 Gorilla Technology is operating at the current time. Most of Gorilla Technology's value examination focuses on studying past and present price action to predict the probability of Gorilla Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gorilla Technology's price. Additionally, you may evaluate how the addition of Gorilla Technology to your portfolios can decrease your overall portfolio volatility.