Globex Mining Enterprises Stock Price on November 29, 2024
| GLBXF Stock | USD 0.80 0.01 1.27% |
If you're considering investing in Globex OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Globex Mining stands at 0.80, as last reported on the 11th of December 2024, with the highest price reaching 0.81 and the lowest price hitting 0.80 during the day. Globex Mining appears to be dangerous, given 3 months investment horizon. Globex Mining Enterprises holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Globex Mining Enterprises, which you can use to evaluate the volatility of the firm. Please utilize Globex Mining's Market Risk Adjusted Performance of (0.90), risk adjusted performance of 0.1483, and Downside Deviation of 2.0 to validate if our risk estimates are consistent with your expectations.
Globex OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Globex |
Sharpe Ratio = 0.2165
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Estimated Market Risk
| 2.09 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.45 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Globex Mining is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Globex Mining by adding it to a well-diversified portfolio.
Globex Mining Valuation on November 29, 2024
It is possible to determine the worth of Globex Mining on a given historical date. On November 29, 2024 Globex was worth 0.77 at the beginning of the trading date compared to the closed value of 0.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Globex Mining otc stock. Still, in general, we apply an absolute valuation method to find Globex Mining's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Globex Mining where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Globex Mining's related companies.
| Open | High | Low | Close | Volume | |
| 0.77 | 0.77 | 0.76 | 0.76 | 7,810 | |
11/29/2024 | 0.77 | 0.77 | 0.77 | 0.77 | 2,400 |
| 0.78 | 0.78 | 0.77 | 0.78 | 9,300 |
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Globex Mining Trading Date Momentum on November 29, 2024
| On December 02 2024 Globex Mining Enterprises was traded for 0.78 at the closing time. The highest daily price throughout the period was 0.78 and the lowest price was 0.77 . The daily volume was 9.3 K. The net trading volume on 12/02/2024 added to the next day price rise. The overall trading delta to closing price of the next trading day was 1.30% . The overall trading delta to current closing price is 3.90% . |
Globex Mining Enterprises Fundamentals Correlations and Trends
By evaluating Globex Mining's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Globex Mining's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Globex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Globex Mining OTC Stock history
Globex Mining investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Globex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Globex Mining Enterprises will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Globex Mining stock prices may prove useful in developing a viable investing in Globex Mining
Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties in North America. Globex Mining Enterprises Inc. was incorporated in 1949 and is headquartered in Toronto, Canada. Globex Mining is traded on OTC Exchange in the United States.
Globex Mining OTC Stock Technical Analysis
Globex Mining technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Globex Mining Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Globex Mining Enterprises cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Globex Mining December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Globex Mining otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Globex Mining shares will generate the highest return on investment. By undertsting and applying Globex Mining otc stock market strength indicators, traders can identify Globex Mining Enterprises entry and exit signals to maximize returns
Globex Mining Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Globex Mining's price direction in advance. Along with the technical and fundamental analysis of Globex OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Globex to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1483 | |||
| Jensen Alpha | 0.4481 | |||
| Total Risk Alpha | 0.0687 | |||
| Sortino Ratio | 0.1415 | |||
| Treynor Ratio | (0.91) |
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Complementary Tools for Globex OTC Stock analysis
When running Globex Mining's price analysis, check to measure Globex Mining'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 Globex Mining is operating at the current time. Most of Globex Mining's value examination focuses on studying past and present price action to predict the probability of Globex Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globex Mining's price. Additionally, you may evaluate how the addition of Globex Mining to your portfolios can decrease your overall portfolio volatility.
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