Global Engine Group Stock Market Value
| GLE Stock | 3.94 0.43 9.84% |
| Symbol | Global |
Is Internet Services & Infrastructure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Global Engine. If investors know Global will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Global Engine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.957 | Earnings Share 0.02 | Revenue Per Share 3.091 | Quarterly Revenue Growth 0.944 | Return On Assets 0.0666 |
The market value of Global Engine Group is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global Engine's value that differs from its market value or its book value, called intrinsic value, which is Global Engine's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Global Engine's market value can be influenced by many factors that don't directly affect Global Engine's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Global Engine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Engine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Engine's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Global Engine '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 Engine'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 Engine.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Global Engine on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Global Engine Group or generate 0.0% return on investment in Global Engine over 30 days. Global Engine is related to or competes with CLARIVATE PLC, WNS Holdings, GDS Holdings, CACI International, ExlService Holdings, Taskus, and Genpact. Global Engine is entity of United States More
Global Engine 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 Engine'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 Engine Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.93 | |||
| Information Ratio | 0.0032 | |||
| Maximum Drawdown | 51.71 | |||
| Value At Risk | (12.36) | |||
| Potential Upside | 8.74 |
Global Engine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Engine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Engine's standard deviation. In reality, there are many statistical measures that can use Global Engine historical prices to predict the future Global Engine's volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | 0.0975 | |||
| Total Risk Alpha | (1.03) | |||
| Sortino Ratio | 0.003 | |||
| Treynor Ratio | 0.371 |
Global Engine Group Backtested Returns
At this point, Global Engine is very risky. Global Engine Group holds Efficiency (Sharpe) Ratio of 0.0204, which attests that the entity had a 0.0204% return per unit of risk over the last 3 months. We have found thirty technical indicators for Global Engine Group, which you can use to evaluate the volatility of the firm. Please check out Global Engine's Risk Adjusted Performance of 0.0248, downside deviation of 7.93, and Market Risk Adjusted Performance of 0.381 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Global Engine has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Engine's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Engine is expected to be smaller as well. Global Engine Group right now retains a risk of 7.4%. Please check out Global Engine sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if Global Engine will be following its current trending patterns.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Global Engine Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Global Engine time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Engine Group price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Global Engine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Global Engine Group lagged returns against current returns
Autocorrelation, which is Global Engine 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 Engine's stock expected returns. We can calculate the autocorrelation of Global Engine returns to help us make a trade decision. For example, suppose you find that Global Engine 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 Engine 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 Engine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Engine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Engine stock over time.
Current vs Lagged Prices |
| Timeline |
Global Engine Lagged Returns
When evaluating Global Engine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Engine stock have on its future price. Global Engine 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 Engine autocorrelation shows the relationship between Global Engine stock current value and its past values and can show if there is a momentum factor associated with investing in Global Engine Group.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Global Engine Group is a strong investment it is important to analyze Global Engine's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Global Engine's future performance. For an informed investment choice regarding Global Stock, refer to the following important reports:Check out Global Engine Correlation, Global Engine Volatility and Global Engine Alpha and Beta module to complement your research on Global Engine. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Global Engine technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.