Globe Trade (Germany) Market Value
| G91 Stock | EUR 1.01 0.00 0.00% |
| Symbol | Globe |
Globe Trade '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 Globe Trade'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 Globe Trade.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Globe Trade on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Globe Trade Centre or generate 0.0% return on investment in Globe Trade over 30 days. Globe Trade is related to or competes with Corporate Office, TSOGO SUN, DFS Furniture, FUTURE GAMING, Scientific Games, Penn National, and LGI Homes. More
Globe Trade 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 Globe Trade'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 Globe Trade Centre upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0651 | |||
| Maximum Drawdown | 29.39 | |||
| Value At Risk | (0.95) |
Globe Trade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globe Trade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globe Trade's standard deviation. In reality, there are many statistical measures that can use Globe Trade historical prices to predict the future Globe Trade's volatility.| Risk Adjusted Performance | 0.0872 | |||
| Jensen Alpha | 0.3814 | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.84) |
Globe Trade Centre Backtested Returns
Globe Trade Centre 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. Globe Trade Centre exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globe Trade's Market Risk Adjusted Performance of (0.83), risk adjusted performance of 0.0872, and Standard Deviation of 3.3 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Globe Trade are expected to decrease at a much lower rate. During the bear market, Globe Trade is likely to outperform the market. At this point, Globe Trade Centre has a negative expected return of -0.0595%. Please make sure to check out Globe Trade's value at risk, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Globe Trade Centre performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Globe Trade Centre has no correlation between past and present. Overlapping area represents the amount of predictability between Globe Trade time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Globe Trade Centre price movement. The serial correlation of 0.0 indicates that just 0.0% of current Globe Trade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Globe Trade Centre lagged returns against current returns
Autocorrelation, which is Globe Trade 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 Globe Trade's stock expected returns. We can calculate the autocorrelation of Globe Trade returns to help us make a trade decision. For example, suppose you find that Globe Trade 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 |
Globe Trade 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 Globe Trade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globe Trade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globe Trade stock over time.
Current vs Lagged Prices |
| Timeline |
Globe Trade Lagged Returns
When evaluating Globe Trade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globe Trade stock have on its future price. Globe Trade 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, Globe Trade autocorrelation shows the relationship between Globe Trade stock current value and its past values and can show if there is a momentum factor associated with investing in Globe Trade Centre.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Globe Stock Analysis
When running Globe Trade's price analysis, check to measure Globe Trade'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 Globe Trade is operating at the current time. Most of Globe Trade's value examination focuses on studying past and present price action to predict the probability of Globe Trade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Trade's price. Additionally, you may evaluate how the addition of Globe Trade to your portfolios can decrease your overall portfolio volatility.