Global Green (Thailand) Market Value
| GGC Stock | THB 4.56 0.06 1.33% |
| Symbol | Global |
Global Green '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 Green'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 Green.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Global Green on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Global Green Chemicals or generate 0.0% return on investment in Global Green over 240 days. Global Green is related to or competes with Ichitan Group, Indorama Ventures, BCPG Public, IRPC Public, and Khon Kaen. Global Green Chemicals Public Company Limited produces and distributes oleochemicals in Thailand, the Peoples Republic o... More
Global Green 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 Green'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 Green Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.65 | |||
| Value At Risk | (2.97) | |||
| Potential Upside | 3.06 |
Global Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Green's standard deviation. In reality, there are many statistical measures that can use Global Green historical prices to predict the future Global Green's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.4716 |
Global Green Chemicals Backtested Returns
Global Green is out of control given 3 months investment horizon. Global Green Chemicals holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We were able to break down twenty-three different technical indicators, which can help you to evaluate if expected returns of 15.88% are justified by taking the suggested risk. Use Global Green Chemicals Risk Adjusted Performance of (0.04), market risk adjusted performance of 0.4816, and Standard Deviation of 1.81 to evaluate company specific risk that cannot be diversified away. Global Green holds a performance score of 9 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global Green are expected to decrease at a much lower rate. During the bear market, Global Green is likely to outperform the market. Use Global Green Chemicals value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to analyze future returns on Global Green Chemicals.
Auto-correlation | -0.06 |
Very weak reverse predictability
Global Green Chemicals has very weak reverse predictability. Overlapping area represents the amount of predictability between Global Green time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 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 Green Chemicals price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Global Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Global Green Chemicals lagged returns against current returns
Autocorrelation, which is Global Green 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 Green's stock expected returns. We can calculate the autocorrelation of Global Green returns to help us make a trade decision. For example, suppose you find that Global Green 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 Green 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 Green stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Green stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Green stock over time.
Current vs Lagged Prices |
| Timeline |
Global Green Lagged Returns
When evaluating Global Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Green stock have on its future price. Global Green 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 Green autocorrelation shows the relationship between Global Green stock current value and its past values and can show if there is a momentum factor associated with investing in Global Green Chemicals.
Regressed Prices |
| Timeline |
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Global Green financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Green security.