Globant SA (Germany) Market Value
| 2G2 Stock | EUR 215.50 2.60 1.19% |
| Symbol | Globant |
Globant SA '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 Globant SA'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 Globant SA.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Globant SA on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Globant SA or generate 0.0% return on investment in Globant SA over 30 days. Globant SA is related to or competes with Ares Management, Reliance Steel, United States, Jupiter Fund, CEOTRONICS (CEKSG), and Cleanaway Waste. Globant S.A. operates as a technology services company worldwide More
Globant SA 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 Globant SA'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 Globant SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.0885 | |||
| Maximum Drawdown | 17.6 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.71 |
Globant SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globant SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globant SA's standard deviation. In reality, there are many statistical measures that can use Globant SA historical prices to predict the future Globant SA's volatility.| Risk Adjusted Performance | 0.1127 | |||
| Jensen Alpha | 0.2077 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0864 | |||
| Treynor Ratio | 0.2969 |
Globant SA Backtested Returns
Globant SA appears to be very steady, given 3 months investment horizon. Globant SA holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Globant SA, which you can use to evaluate the volatility of the firm. Please utilize Globant SA's Risk Adjusted Performance of 0.1127, market risk adjusted performance of 0.3069, and Downside Deviation of 2.6 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Globant SA holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 1.14, which attests to a somewhat significant risk relative to the market. Globant SA returns are very sensitive to returns on the market. As the market goes up or down, Globant SA is expected to follow. Please check Globant SA's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Globant SA's current trending patterns will revert.
Auto-correlation | 0.79 |
Good predictability
Globant SA has good predictability. Overlapping area represents the amount of predictability between Globant SA time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Globant SA price movement. The serial correlation of 0.79 indicates that around 79.0% of current Globant SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 113.4 |
Globant SA lagged returns against current returns
Autocorrelation, which is Globant SA 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 Globant SA's stock expected returns. We can calculate the autocorrelation of Globant SA returns to help us make a trade decision. For example, suppose you find that Globant SA 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 |
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Globant SA 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 Globant SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globant SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globant SA stock over time.
Current vs Lagged Prices |
| Timeline |
Globant SA Lagged Returns
When evaluating Globant SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globant SA stock have on its future price. Globant SA 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, Globant SA autocorrelation shows the relationship between Globant SA stock current value and its past values and can show if there is a momentum factor associated with investing in Globant SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Globant Stock
When determining whether Globant SA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Globant SA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Globant Sa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Globant Sa Stock:Check out Globant SA Correlation, Globant SA Volatility and Globant SA Alpha and Beta module to complement your research on Globant SA. For more detail on how to invest in Globant Stock please use our How to Invest in Globant SA guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Globant SA 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.