Globlex Holding (Thailand) Market Value
| GBX Stock | THB 0.70 0.03 4.48% |
| Symbol | Globlex |
Globlex Holding '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 Globlex Holding'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 Globlex Holding.
| 05/07/2023 |
| 11/27/2024 |
If you would invest 0.00 in Globlex Holding on May 7, 2023 and sell it all today you would earn a total of 0.00 from holding Globlex Holding Management or generate 0.0% return on investment in Globlex Holding over 570 days. Globlex Holding is related to or competes with Thai Energy, Royal Orchid, Grand Canal, PRG Public, Unique Mining, Thai Group, and Nfc PLC. Globlex Holding Management Public Company Limited, an investment holding company, engages in gold trading business in Th... More
Globlex Holding 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 Globlex Holding'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 Globlex Holding Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.84 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 2.63 |
Globlex Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globlex Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globlex Holding's standard deviation. In reality, there are many statistical measures that can use Globlex Holding historical prices to predict the future Globlex Holding's volatility.| Risk Adjusted Performance | 0.0107 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0086 |
Globlex Holding Mana Backtested Returns
Globlex Holding is out of control given 3 months investment horizon. Globlex Holding Mana holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-eight different technical indicators, which can help you to evaluate if expected returns of 14.6% are justified by taking the suggested risk. Use Globlex Holding Management Market Risk Adjusted Performance of 0.0186, risk adjusted performance of 0.0107, and Downside Deviation of 2.1 to evaluate company specific risk that cannot be diversified away. Globlex Holding holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Globlex Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Globlex Holding is expected to be smaller as well. Use Globlex Holding Management jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to analyze future returns on Globlex Holding Management.
Auto-correlation | 0.04 |
Virtually no predictability
Globlex Holding Management has virtually no predictability. Overlapping area represents the amount of predictability between Globlex Holding time series from 7th of May 2023 to 16th of February 2024 and 16th of February 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 Globlex Holding Mana price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Globlex Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Globlex Holding Mana lagged returns against current returns
Autocorrelation, which is Globlex Holding 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 Globlex Holding's stock expected returns. We can calculate the autocorrelation of Globlex Holding returns to help us make a trade decision. For example, suppose you find that Globlex Holding 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 |
Globlex Holding 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 Globlex Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globlex Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globlex Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Globlex Holding Lagged Returns
When evaluating Globlex Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globlex Holding stock have on its future price. Globlex Holding 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, Globlex Holding autocorrelation shows the relationship between Globlex Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Globlex Holding Management.
Regressed Prices |
| Timeline |
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Globlex Holding financial ratios help investors to determine whether Globlex 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 Globlex with respect to the benefits of owning Globlex Holding security.