Giga Media Stock Technical Analysis

GIGM Stock  USD 1.27  0.04  3.05%   
As of the 16th of April 2024, Giga Media retains the Market Risk Adjusted Performance of 1.05, standard deviation of 1.72, and Risk Adjusted Performance of (0.04). Giga Media technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Giga Media, which can be compared to its competitors. Please check out Giga Media coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and skewness to decide if Giga Media is priced fairly, providing market reflects its last-minute price of 1.27 per share. Given that Giga Media is a hitting penny stock territory we urge to closely look at its jensen alpha.

Giga Media Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Giga, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Giga
  
Giga Media's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Giga Media 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 Giga Media technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Giga Media 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...

Giga Media Technical Analysis

Indicator
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The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Giga Media volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Giga Media Trend Analysis

Use this graph to draw trend lines for Giga Media. You can use it to identify possible trend reversals for Giga Media as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Giga Media price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Giga Media Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Giga Media applied against its price change over selected period. The best fit line has a slop of   0.0023  , which may suggest that Giga Media market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.21, which is the sum of squared deviations for the predicted Giga Media price change compared to its average price change.

About Giga Media Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Giga Media on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Giga Media based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Giga Media price pattern first instead of the macroeconomic environment surrounding Giga Media. By analyzing Giga Media's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Giga Media's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Giga Media specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
PTB Ratio0.490.280.360.34
Price To Sales Ratio4.532.393.582.36

Giga Media April 16, 2024 Technical Indicators

Most technical analysis of Giga help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Giga from various momentum indicators to cycle indicators. When you analyze Giga charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Giga Media is a strong investment it is important to analyze Giga Media's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Giga Media's future performance. For an informed investment choice regarding Giga Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Giga Media. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Giga Stock, please use our How to Invest in Giga Media guide.
Note that the Giga Media information on this page should be used as a complementary analysis to other Giga Media's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for Giga Stock analysis

When running Giga Media's price analysis, check to measure Giga Media'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 Giga Media is operating at the current time. Most of Giga Media's value examination focuses on studying past and present price action to predict the probability of Giga Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Giga Media's price. Additionally, you may evaluate how the addition of Giga Media to your portfolios can decrease your overall portfolio volatility.
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Is Giga Media's industry 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 Giga Media. If investors know Giga 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 Giga Media listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.09)
Revenue Per Share
0.388
Quarterly Revenue Growth
(0.21)
Return On Assets
(0.04)
Return On Equity
(0.08)
The market value of Giga Media is measured differently than its book value, which is the value of Giga that is recorded on the company's balance sheet. Investors also form their own opinion of Giga Media's value that differs from its market value or its book value, called intrinsic value, which is Giga Media'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 Giga Media's market value can be influenced by many factors that don't directly affect Giga Media'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 Giga Media's value and its price as these two are different measures arrived at by different means. Investors typically determine if Giga Media is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Giga Media'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.