Gome Retail Holdings Stock Market Value
| GMELF Stock | USD 0.01 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 pink sheet 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.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in GOME Retail on March 26, 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 30 days. GOME Retail is related to or competes with Burlington Stores, Childrens Place, Buckle, Shoe Carnival, Urban Outfitters, American Eagle, and Gap. GOME Retail Holdings Limited, together with its subsidiaries, engages in the retail of electrical appliances, consumer e... 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 pink sheet 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 | (0.26) | |||
| Maximum Drawdown | 5.66 |
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 | (0.08) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.6586 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GOME Retail'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.
GOME Retail Holdings Backtested Returns
GOME Retail Holdings holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. GOME Retail Holdings exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GOME Retail's Market Risk Adjusted Performance of 0.6686, coefficient of variation of (812.40), and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GOME Retail are expected to decrease at a much lower rate. During the bear market, GOME Retail is likely to outperform the market. GOME Retail Holdings has an expected return of -0.0913%. Please make sure to check out GOME Retail variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to decide if GOME Retail Holdings performance from the past will be repeated at future time.
Auto-correlation | 1.00 |
Perfect predictability
GOME Retail Holdings has perfect predictability. Overlapping area represents the amount of predictability between GOME Retail time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 1.0 indicates that 100.0% of current GOME Retail price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GOME Retail Holdings lagged returns against current returns
Autocorrelation, which is GOME Retail pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GOME Retail pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GOME Retail pink sheet 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 pink sheet 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 pink sheet 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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Complementary Tools for GOME Pink Sheet 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.
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GOME Retail technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.