Global Hemp Group Stock Market Value
| GBHPF Stock | USD 0.01 0.00 0.00% |
| Symbol | Global |
Global Hemp '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 Hemp's pink sheet 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 Hemp.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Global Hemp on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Global Hemp Group or generate 0.0% return on investment in Global Hemp over 180 days. Global Hemp Group Inc. engages in the production and processing of industrial hemp in the United States More
Global Hemp 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 Hemp's pink sheet 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 Hemp Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 97.5 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 19.05 |
Global Hemp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Hemp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Hemp's standard deviation. In reality, there are many statistical measures that can use Global Hemp historical prices to predict the future Global Hemp's volatility.| Risk Adjusted Performance | 0.003 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (2.48) | |||
| Treynor Ratio | 0.4249 |
Global Hemp Group Backtested Returns
Global Hemp appears to be out of control, given 3 months investment horizon. Global Hemp Group holds Efficiency (Sharpe) Ratio of 0.0442, which attests that the entity had a 0.0442% return per unit of risk over the last 3 months. By evaluating Global Hemp's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please utilize Global Hemp's Risk Adjusted Performance of 0.003, standard deviation of 15.09, and Market Risk Adjusted Performance of 0.4349 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Global Hemp holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Global Hemp are expected to decrease at a much lower rate. During the bear market, Global Hemp is likely to outperform the market. Please check Global Hemp's information ratio, potential upside, as well as the relationship between the Potential Upside and day median price , to make a quick decision on whether Global Hemp's current trending patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Global Hemp Group has virtually no predictability. Overlapping area represents the amount of predictability between Global Hemp time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Hemp Group price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Global Hemp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Hemp Group lagged returns against current returns
Autocorrelation, which is Global Hemp pink sheet'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 Hemp's pink sheet expected returns. We can calculate the autocorrelation of Global Hemp returns to help us make a trade decision. For example, suppose you find that Global Hemp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Hemp 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 Hemp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Hemp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Hemp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Global Hemp Lagged Returns
When evaluating Global Hemp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Hemp pink sheet have on its future price. Global Hemp 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 Hemp autocorrelation shows the relationship between Global Hemp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Global Hemp Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Global Pink Sheet
Global Hemp financial ratios help investors to determine whether Global Pink Sheet 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 Hemp security.