Genesis Technology (Taiwan) Market Value
| 6221 Stock | TWD 80.10 0.20 0.25% |
| Symbol | Genesis |
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.
| 02/16/2024 |
| 04/16/2024 |
If you would invest 0.00 in Genesis Technology on February 16, 2024 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 60 days. Genesis Technology is related to or competes with Sysage Technology, Syscom Computer, and Ares International. 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.
| Downside Deviation | 0.5496 | |||
| Information Ratio | 0.2407 | |||
| Maximum Drawdown | 6.69 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 2.34 |
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.| Risk Adjusted Performance | 0.1927 | |||
| Jensen Alpha | 0.3 | |||
| Total Risk Alpha | 0.2155 | |||
| Sortino Ratio | 0.4552 | |||
| Treynor Ratio | 5.51 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Genesis Technology Backtested Returns
Genesis Technology appears to be very steady, given 3 months investment horizon. Genesis Technology holds Efficiency (Sharpe) Ratio of 0.34, which attests that the entity had a 0.34% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Genesis Technology, which you can use to evaluate the volatility of the firm. Please utilize Genesis Technology's Coefficient Of Variation of 332.22, market risk adjusted performance of 5.52, and Risk Adjusted Performance of 0.1927 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Genesis Technology holds a performance score of 26. The company retains a Market Volatility (i.e., Beta) of 0.055, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Genesis Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Genesis Technology is expected to be smaller as well. Please check Genesis Technology's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Genesis Technology's current trending patterns will revert.
Auto-correlation | 0.69 |
Good predictability
Genesis Technology has good predictability. Overlapping area represents the amount of predictability between Genesis Technology time series from 16th of February 2024 to 17th of March 2024 and 17th of March 2024 to 16th 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 Genesis Technology price movement. The serial correlation of 0.69 indicates that around 69.0% of current Genesis Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 6.07 |
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 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 |
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 |
| Timeline |
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 |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
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 the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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.