Global Standard (Korea) Market Value
| 083450 Stock | KRW 14,780 50.00 0.34% |
| Symbol | Global |
Global Standard '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 Global Standard'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 Global Standard.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Global Standard on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Global Standard Technology or generate 0.0% return on investment in Global Standard over 720 days. Global Standard is related to or competes with Insung Information, Korea Information, Lotte Data, Tuksu Engineering, Nice Information, Daewoo Engineering, and Semyung Electric. Global Standard Technology, Limited operates in the environmental and energy industry More
Global Standard 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 Global Standard'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 Global Standard Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 14.9 | |||
| Value At Risk | (5.05) | |||
| Potential Upside | 6.23 |
Global Standard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Standard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Standard's standard deviation. In reality, there are many statistical measures that can use Global Standard historical prices to predict the future Global Standard's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | 0.4025 |
Global Standard Tech Backtested Returns
Global Standard Tech holds Efficiency (Sharpe) Ratio of -0.073, which attests that the entity had a -0.073% return per unit of risk over the last 3 months. Global Standard Tech exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Standard's Market Risk Adjusted Performance of 0.4125, risk adjusted performance of (0.02), and Standard Deviation of 3.22 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Global Standard are expected to decrease at a much lower rate. During the bear market, Global Standard is likely to outperform the market. At this point, Global Standard Tech has a negative expected return of -0.23%. Please make sure to check out Global Standard's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Global Standard Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Global Standard Technology has modest predictability. Overlapping area represents the amount of predictability between Global Standard time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd of November 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 Global Standard Tech price movement. The serial correlation of 0.54 indicates that about 54.0% of current Global Standard price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 18.4 M |
Global Standard Tech lagged returns against current returns
Autocorrelation, which is Global Standard 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 Global Standard's stock expected returns. We can calculate the autocorrelation of Global Standard returns to help us make a trade decision. For example, suppose you find that Global Standard 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 |
Global Standard 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 Global Standard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Standard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Standard stock over time.
Current vs Lagged Prices |
| Timeline |
Global Standard Lagged Returns
When evaluating Global Standard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Standard stock have on its future price. Global Standard 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, Global Standard autocorrelation shows the relationship between Global Standard stock current value and its past values and can show if there is a momentum factor associated with investing in Global Standard Technology.
Regressed Prices |
| Timeline |
Pair Trading with Global Standard
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Global Standard position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Global Standard will appreciate offsetting losses from the drop in the long position's value.Moving together with Global Stock
The ability to find closely correlated positions to Global Standard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Standard when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Standard - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Standard Technology to buy it.
The correlation of Global Standard is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Standard moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Standard Tech moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Global Standard can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Global Stock
Global Standard financial ratios help investors to determine whether Global Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Global with respect to the benefits of owning Global Standard security.