Glanbia PLC (Ireland) Market Value
| GL9 Stock | EUR 14.79 0.04 0.27% |
| Symbol | Glanbia |
Glanbia PLC '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 Glanbia PLC'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 Glanbia PLC.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Glanbia PLC on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Glanbia PLC or generate 0.0% return on investment in Glanbia PLC over 30 days. Glanbia PLC is related to or competes with Kerry, Kingspan Group, and Bank of Ireland. More
Glanbia PLC 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 Glanbia PLC'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 Glanbia PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 11.56 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 2.1 |
Glanbia PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Glanbia PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Glanbia PLC's standard deviation. In reality, there are many statistical measures that can use Glanbia PLC historical prices to predict the future Glanbia PLC's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 1.73 |
Glanbia PLC Backtested Returns
Glanbia PLC holds Efficiency (Sharpe) Ratio of -0.0576, which attests that the entity had a -0.0576% return per unit of standard deviation over the last 3 months. Glanbia PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Glanbia PLC's risk adjusted performance of (0.02), and Market Risk Adjusted Performance of 1.74 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0341, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Glanbia PLC are expected to decrease at a much lower rate. During the bear market, Glanbia PLC is likely to outperform the market. At this point, Glanbia PLC has a negative expected return of -0.0971%. Please make sure to check out Glanbia PLC's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Glanbia PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Glanbia PLC has modest reverse predictability. Overlapping area represents the amount of predictability between Glanbia PLC time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Glanbia PLC price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Glanbia PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Glanbia PLC lagged returns against current returns
Autocorrelation, which is Glanbia PLC 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 Glanbia PLC's stock expected returns. We can calculate the autocorrelation of Glanbia PLC returns to help us make a trade decision. For example, suppose you find that Glanbia PLC 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 |
Glanbia PLC 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 Glanbia PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Glanbia PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Glanbia PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Glanbia PLC Lagged Returns
When evaluating Glanbia PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Glanbia PLC stock have on its future price. Glanbia PLC 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, Glanbia PLC autocorrelation shows the relationship between Glanbia PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Glanbia PLC.
Regressed Prices |
| Timeline |
Pair Trading with Glanbia PLC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Glanbia PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Glanbia PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Glanbia Stock
Moving against Glanbia Stock
The ability to find closely correlated positions to Glanbia PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Glanbia PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Glanbia PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Glanbia PLC to buy it.
The correlation of Glanbia PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Glanbia PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Glanbia PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Glanbia PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Glanbia Stock Analysis
When running Glanbia PLC's price analysis, check to measure Glanbia PLC'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 Glanbia PLC is operating at the current time. Most of Glanbia PLC's value examination focuses on studying past and present price action to predict the probability of Glanbia PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glanbia PLC's price. Additionally, you may evaluate how the addition of Glanbia PLC to your portfolios can decrease your overall portfolio volatility.