GLOBAL COSMED (Germany) Market Value
| 9PU Stock | EUR 1.15 0.04 3.60% |
| Symbol | GLOBAL |
GLOBAL COSMED '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 COSMED'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 COSMED.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in GLOBAL COSMED on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding GLOBAL MED SA or generate 0.0% return on investment in GLOBAL COSMED over 30 days. GLOBAL COSMED is related to or competes with PennyMac Mortgage, Strategic Investments, China Resources, X Fab, PKSHA TECHNOLOGY, Suntory Beverage, and MOLSON COORS. Global Cosmed S.A. produces, sells, and exports cosmetics and household chemicals in Poland and internationally More
GLOBAL COSMED 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 COSMED'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 MED SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.28 | |||
| Information Ratio | 0.1269 | |||
| Maximum Drawdown | 22.68 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 6.8 |
GLOBAL COSMED Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GLOBAL COSMED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GLOBAL COSMED's standard deviation. In reality, there are many statistical measures that can use GLOBAL COSMED historical prices to predict the future GLOBAL COSMED's volatility.| Risk Adjusted Performance | 0.1323 | |||
| Jensen Alpha | 0.5657 | |||
| Total Risk Alpha | 0.0319 | |||
| Sortino Ratio | 0.1369 | |||
| Treynor Ratio | (41.18) |
GLOBAL MED SA Backtested Returns
GLOBAL COSMED appears to be out of control, given 3 months investment horizon. GLOBAL MED SA holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of volatility over the last 3 months. By analyzing GLOBAL COSMED's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize GLOBAL COSMED's market risk adjusted performance of (41.17), and Risk Adjusted Performance of 0.1323 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GLOBAL COSMED holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.0137, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GLOBAL COSMED are expected to decrease at a much lower rate. During the bear market, GLOBAL COSMED is likely to outperform the market. Please check GLOBAL COSMED's treynor ratio, downside variance, and the relationship between the total risk alpha and value at risk , to make a quick decision on whether GLOBAL COSMED's current trending patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
GLOBAL MED SA has virtually no predictability. Overlapping area represents the amount of predictability between GLOBAL COSMED 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 GLOBAL MED SA price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current GLOBAL COSMED price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GLOBAL MED SA lagged returns against current returns
Autocorrelation, which is GLOBAL COSMED 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 COSMED's stock expected returns. We can calculate the autocorrelation of GLOBAL COSMED returns to help us make a trade decision. For example, suppose you find that GLOBAL COSMED 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 COSMED 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 COSMED stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GLOBAL COSMED stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GLOBAL COSMED stock over time.
Current vs Lagged Prices |
| Timeline |
GLOBAL COSMED Lagged Returns
When evaluating GLOBAL COSMED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GLOBAL COSMED stock have on its future price. GLOBAL COSMED 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 COSMED autocorrelation shows the relationship between GLOBAL COSMED stock current value and its past values and can show if there is a momentum factor associated with investing in GLOBAL MED SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GLOBAL Stock
GLOBAL COSMED 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 COSMED security.