GLOBAL DIGITAL (Germany) Market Value
| GDC Stock | EUR 0.01 0.00 0.00% |
| Symbol | GLOBAL |
GLOBAL DIGITAL '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 DIGITAL'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 DIGITAL.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in GLOBAL DIGITAL on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding GLOBAL DIGITAL CREA or generate 0.0% return on investment in GLOBAL DIGITAL over 720 days. GLOBAL DIGITAL is related to or competes with Bumrungrad Hospital, Addus HomeCare, HomeToGo, DFS Furniture, and SHIP HEALTHCARE. More
GLOBAL DIGITAL 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 DIGITAL'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 DIGITAL CREA upside and downside potential and time the market with a certain degree of confidence.
GLOBAL DIGITAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GLOBAL DIGITAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GLOBAL DIGITAL's standard deviation. In reality, there are many statistical measures that can use GLOBAL DIGITAL historical prices to predict the future GLOBAL DIGITAL's volatility.GLOBAL DIGITAL CREA Backtested Returns
We have found three technical indicators for GLOBAL DIGITAL CREA, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and GLOBAL DIGITAL are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
GLOBAL DIGITAL CREA has perfect predictability. Overlapping area represents the amount of predictability between GLOBAL DIGITAL time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 DIGITAL CREA price movement. The serial correlation of 1.0 indicates that 100.0% of current GLOBAL DIGITAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GLOBAL DIGITAL CREA lagged returns against current returns
Autocorrelation, which is GLOBAL DIGITAL 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 DIGITAL's stock expected returns. We can calculate the autocorrelation of GLOBAL DIGITAL returns to help us make a trade decision. For example, suppose you find that GLOBAL DIGITAL 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 DIGITAL 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 DIGITAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GLOBAL DIGITAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GLOBAL DIGITAL stock over time.
Current vs Lagged Prices |
| Timeline |
GLOBAL DIGITAL Lagged Returns
When evaluating GLOBAL DIGITAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GLOBAL DIGITAL stock have on its future price. GLOBAL DIGITAL 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 DIGITAL autocorrelation shows the relationship between GLOBAL DIGITAL stock current value and its past values and can show if there is a momentum factor associated with investing in GLOBAL DIGITAL CREA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for GLOBAL Stock Analysis
When running GLOBAL DIGITAL's price analysis, check to measure GLOBAL DIGITAL'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 GLOBAL DIGITAL is operating at the current time. Most of GLOBAL DIGITAL's value examination focuses on studying past and present price action to predict the probability of GLOBAL DIGITAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GLOBAL DIGITAL's price. Additionally, you may evaluate how the addition of GLOBAL DIGITAL to your portfolios can decrease your overall portfolio volatility.