GSIT vs SPY comparison¶
GSIT vs SPY performance comment¶
Market Performance Metrics overview¶
| Metric | GSIT | SPY |
|---|---|---|
| High | 2.73 | 488.77 |
| Low | 2.02 | 466.43 |
| Close | 2.27 | 485.39 |
| Start Price | 2.66 | 472.65 |
| Gain % | -14.66% | 2.70% |
| Annualized Gain % | -222.98% | 40.99% |
| Annualized Volatility % | 67.21% | 10.06% |
| Max Drawdown % | -22.93% | -1.14% |
| Sharpe Ratio | -3.63 | 4.49 |
The comparison of market performance metrics between GSIT and SPY over the 60-day period provides valuable insights into the volatility, risk, and potential returns of these markets.
Commentary on selected metrics¶
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Gain %: GSIT experienced a negative return of -14.66% while SPY gained 2.70%. This indicates that SPY outperformed GSIT in terms of profitability during the specified period.
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Annualized Gain %: The annualized gain percentage for GSIT is exceptionally negative at -222.98%, while SPY demonstrates a positive annualized gain percentage of 40.99%. This indicates that SPY has shown a strong potential for long-term gains compared to GSIT.
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Annualized Volatility %: GSIT exhibits a notably higher annualized volatility at 67.21% compared to SPY's 10.06%. This suggests that GSIT is a riskier investment compared to SPY, as it experiences larger fluctuations in price over time.
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Max Drawdown %: GSIT experienced a significant drawdown of -22.93%, reflecting the largest loss from a peak to a trough. On the other hand, SPY's drawdown was comparatively lower at -1.14%, indicating a lower level of risk in this market.
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Sharpe Ratio: The Sharpe ratio for GSIT is -3.63, indicating that the risk-adjusted return is significantly lower compared to SPY, which has a higher Sharpe ratio of 4.49. This suggests that SPY has provided better risk-adjusted returns over the 60-day period.
Overall, the comparison of these metrics indicates that SPY has demonstrated stronger performance in terms of return, volatility, and risk-adjusted returns compared to GSIT during the specified period. Investors seeking a more stable and potentially profitable investment may find SPY to be a more favorable option based on these metrics.
GSIT YTD Return (Daily)¶
Comment on YTD Total Returns Results of GSIT¶
Historical Performance¶
The YTD Gain % for GSIT stands at -14.66%, indicating a decrease in value over the course of the year. The YTD Annualized Volatility % is 67.21, suggesting a moderate level of fluctuation in returns. The YTD Max Drawdown % is -22.93, reflecting the maximum loss experienced from the peak value. Additionally, the Last Year Annualized Gain % is 55.29, demonstrating strong growth in the previous year.
Risk Metrics¶
The Last Year Sharpe Ratio is 0.86, indicating a moderate level of risk-adjusted return for the last year. The Historical Annualized Volatility (excluding current year) % is 74.52, showing the average level of fluctuation in returns over the years. The Max Drawdown in Data (excluding current year) % is -85.53, representing the highest loss experienced in the entire dataset.
Current Market Condition¶
The Current MA 200 sits at 3.51, the Current MA 50 at 2.55, and the Current MA 5 at 2.24. These values show that the current price of GSIT is below the moving averages, potentially signaling a bearish trend in the market.
Insight and Commentary¶
The YTD performance of GSIT depicts a decline in value, with a significant negative YTD gain. This could be of concern for investors, as the stock has witnessed a substantial decrease in value over the year. The volatility of the stock has been moderate, with the YTD annualized volatility at 67.21%, indicating relatively stable returns despite the decline in value. The risk-adjusted return, as measured by the Sharpe Ratio, has been moderately positive for the last year, suggesting that the returns were commensurate with the level of risk taken. The historical annualized volatility has been relatively high at 74.52%, indicating a considerable level of fluctuation in returns over the years. Looking at the current market condition, the price of GSIT is below the MA 200, MA 50, and MA 5, signaling a potential bearish trend. This suggests that the stock may continue to face downward pressure in the near term. Overall, the performance and market trends of GSIT indicate a challenging period for the stock, with a significant decline in value and a potential bearish trend in the current market condition.
GSIT Annual Dividends¶
No dividends.
Published: 2024-01-25
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