Genesis Technology (Taiwan) Market Value

6221 Stock  TWD 66.10  0.10  0.15%   
Genesis Technology's market value is the price at which a share of Genesis Technology stock trades on a public exchange. It measures the collective expectations of Genesis Technology investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Genesis Technology and determine expected loss or profit from investing in Genesis Technology over a given investment horizon. Check out Genesis Technology Correlation, Genesis Technology Volatility and Genesis Technology Alpha and Beta module to complement your research on Genesis Technology.

Please note, there is a significant difference between Genesis Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Genesis Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genesis 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. Check out Genesis Technology Correlation, Genesis Technology Volatility and Genesis Technology Alpha and Beta module to complement your research on Genesis Technology.

Genesis 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 Genesis 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 Genesis Technology.
No Change 0.00  0.0 
In 31 days
If you would invest  0.00  in Genesis Technology on May 2, 2023 and sell it all today you would earn a total of 0.00 from holding Genesis Technology or generate 0.0% return on investment in Genesis Technology over 30 days. Genesis Technology is related to or competes with Wistron Information, Syscom Computer, Jetwell Computer, and YuantaP Shares. Genesis Technology, Inc. provides various information technology solutions to enterprises in Taiwan More

Genesis 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 Genesis 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 Genesis Technology upside and downside potential and time the market with a certain degree of confidence.

Genesis Technology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Genesis Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Genesis Technology's standard deviation. In reality, there are many statistical measures that can use Genesis Technology historical prices to predict the future Genesis Technology's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Genesis Technology'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. Please use the tools below to analyze the current value of Genesis Technology in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Genesis Technology. Your research has to be compared to or analyzed against Genesis Technology's peers to derive any actionable benefits. When done correctly, Genesis Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Genesis Technology.

Genesis Technology Backtested Returns

We consider Genesis Technology very steady. Genesis Technology holds Efficiency (Sharpe) Ratio of 0.0567, which attests that the entity had 0.0567% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Genesis Technology, which you can use to evaluate the future volatility of the firm. Please check out Genesis Technology Downside Deviation of 1.96, market risk adjusted performance of 43.74, and Risk Adjusted Performance of 0.1306 to validate if the risk estimate we provide is consistent with the expected return of 0.1%.
Genesis Technology has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0058, which attests to not very significant fluctuations relative to the market. Let's try to break down what Genesis's beta means in this case. As returns on the market increase, Genesis Technology returns are expected to increase less than the market. However, during the bear market, the loss on holding Genesis Technology will be expected to be smaller as well. Although it is important to respect Genesis Technology current price history, it is better to be realistic regarding the information on the equity's current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Genesis Technology technical indicators, you can presently evaluate if the expected return of 0.1% will be sustainable into the future. Genesis Technology right now retains a risk of 1.78%. Please check out Genesis Technology downside deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Genesis Technology will be following its current trending patterns.



Modest reverse predictability

Genesis Technology has modest reverse predictability. Overlapping area represents the amount of predictability between Genesis Technology time series from 2nd of May 2023 to 17th of May 2023 and 17th of May 2023 to 1st of June 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Genesis Technology price movement. The serial correlation of -0.46 indicates that about 46.0% of current Genesis Technology price fluctuation can be explain by its past prices.
Correlation Coefficient-0.46
Spearman Rank Test-0.66
Residual Average0.0
Price Variance1.35

Genesis Technology lagged returns against current returns

Autocorrelation, which is Genesis 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 Genesis Technology's stock expected returns. We can calculate the autocorrelation of Genesis Technology returns to help us make a trade decision. For example, suppose you find that Genesis Technology stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   

Genesis 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 Genesis Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Genesis Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Genesis Technology stock over time.
   Current vs Lagged Prices   

Genesis Technology Lagged Returns

When evaluating Genesis Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Genesis Technology stock have on its future price. Genesis 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, Genesis Technology autocorrelation shows the relationship between Genesis Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Genesis Technology.
   Regressed Prices   

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Genesis Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Genesis Technology's short interest history, or implied volatility extrapolated from Genesis Technology options trading.

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Check out Genesis Technology Correlation, Genesis Technology Volatility and Genesis Technology Alpha and Beta module to complement your research on Genesis Technology. You can also try Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Genesis Stock analysis

When running Genesis Technology's price analysis, check to measure Genesis 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 Genesis Technology is operating at the current time. Most of Genesis Technology's value examination focuses on studying past and present price action to predict the probability of Genesis 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 Genesis Technology's price. Additionally, you may evaluate how the addition of Genesis Technology to your portfolios can decrease your overall portfolio volatility.
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Genesis Technology technical stock 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, stock market cycles, or different charting patterns.
A focus of Genesis Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Genesis Technology trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...