Global Brands (Taiwan) Market Value
| 6191 Stock | TWD 57.60 0.40 0.70% |
| Symbol | Global |
Global Brands '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 Brands' 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 Brands.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Global Brands on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding Global Brands Manufacture or generate 0.0% return on investment in Global Brands over 360 days. Global Brands is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. Global Brands Manufacture Ltd. engages in the PCB production and EMS businesses in Taiwan and internationally More
Global Brands 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 Brands' 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 Brands Manufacture upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.06 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 1.99 |
Global Brands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Brands' standard deviation. In reality, there are many statistical measures that can use Global Brands historical prices to predict the future Global Brands' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 1.22 |
Global Brands Manufacture Backtested Returns
Global Brands Manufacture holds Efficiency (Sharpe) Ratio of -0.0773, which attests that the entity had a -0.0773% return per unit of risk over the last 3 months. Global Brands Manufacture exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Brands' Risk Adjusted Performance of (0.04), standard deviation of 1.53, and Market Risk Adjusted Performance of 1.23 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0803, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global Brands are expected to decrease at a much lower rate. During the bear market, Global Brands is likely to outperform the market. At this point, Global Brands Manufacture has a negative expected return of -0.12%. Please make sure to check out Global Brands' total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Global Brands Manufacture performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Global Brands Manufacture has modest reverse predictability. Overlapping area represents the amount of predictability between Global Brands time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Brands Manufacture price movement. The serial correlation of -0.46 indicates that about 46.0% of current Global Brands price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 24.75 |
Global Brands Manufacture lagged returns against current returns
Autocorrelation, which is Global Brands 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 Brands' stock expected returns. We can calculate the autocorrelation of Global Brands returns to help us make a trade decision. For example, suppose you find that Global Brands 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 Brands 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 Brands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Brands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Brands stock over time.
Current vs Lagged Prices |
| Timeline |
Global Brands Lagged Returns
When evaluating Global Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Brands stock have on its future price. Global Brands 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 Brands autocorrelation shows the relationship between Global Brands stock current value and its past values and can show if there is a momentum factor associated with investing in Global Brands Manufacture.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Global Stock Analysis
When running Global Brands' price analysis, check to measure Global Brands' 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 Global Brands is operating at the current time. Most of Global Brands' value examination focuses on studying past and present price action to predict the probability of Global Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Brands' price. Additionally, you may evaluate how the addition of Global Brands to your portfolios can decrease your overall portfolio volatility.