Glob Bioenergi (France) Market Value
| ALGBE Stock | EUR 0.78 0.04 4.88% |
| Symbol | Glob |
Glob Bioenergi '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 Glob Bioenergi'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 Glob Bioenergi.
| 08/23/2024 |
| 11/21/2024 |
If you would invest 0.00 in Glob Bioenergi on August 23, 2024 and sell it all today you would earn a total of 0.00 from holding Glob Bioenergi or generate 0.0% return on investment in Glob Bioenergi over 90 days. Glob Bioenergi is related to or competes with Carbios. Global Bioenergies SA focuses on the development of a biological process for converting renewable resources into isobute... More
Glob Bioenergi 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 Glob Bioenergi'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 Glob Bioenergi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 86.27 | |||
| Value At Risk | (16.38) | |||
| Potential Upside | 12.22 |
Glob Bioenergi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Glob Bioenergi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Glob Bioenergi's standard deviation. In reality, there are many statistical measures that can use Glob Bioenergi historical prices to predict the future Glob Bioenergi's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (1.92) | |||
| Treynor Ratio | 0.2052 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Glob Bioenergi's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Glob Bioenergi Backtested Returns
Glob Bioenergi holds Efficiency (Sharpe) Ratio of -0.043, which attests that the entity had a -0.043% return per unit of risk over the last 3 months. Glob Bioenergi exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Glob Bioenergi's Standard Deviation of 12.44, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of 0.2152 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -2.51, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Glob Bioenergi are expected to decrease by larger amounts. On the other hand, during market turmoil, Glob Bioenergi is expected to outperform it. At this point, Glob Bioenergi has a negative expected return of -0.54%. Please make sure to check out Glob Bioenergi's total risk alpha, skewness, rate of daily change, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Glob Bioenergi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Glob Bioenergi has modest predictability. Overlapping area represents the amount of predictability between Glob Bioenergi time series from 23rd of August 2024 to 7th of October 2024 and 7th of October 2024 to 21st 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 Glob Bioenergi price movement. The serial correlation of 0.54 indicates that about 54.0% of current Glob Bioenergi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Glob Bioenergi lagged returns against current returns
Autocorrelation, which is Glob Bioenergi 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 Glob Bioenergi's stock expected returns. We can calculate the autocorrelation of Glob Bioenergi returns to help us make a trade decision. For example, suppose you find that Glob Bioenergi 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 |
Glob Bioenergi 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 Glob Bioenergi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Glob Bioenergi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Glob Bioenergi stock over time.
Current vs Lagged Prices |
| Timeline |
Glob Bioenergi Lagged Returns
When evaluating Glob Bioenergi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Glob Bioenergi stock have on its future price. Glob Bioenergi 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, Glob Bioenergi autocorrelation shows the relationship between Glob Bioenergi stock current value and its past values and can show if there is a momentum factor associated with investing in Glob Bioenergi.
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 Glob Stock Analysis
When running Glob Bioenergi's price analysis, check to measure Glob Bioenergi'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 Glob Bioenergi is operating at the current time. Most of Glob Bioenergi's value examination focuses on studying past and present price action to predict the probability of Glob Bioenergi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glob Bioenergi's price. Additionally, you may evaluate how the addition of Glob Bioenergi to your portfolios can decrease your overall portfolio volatility.