Glencore Plc Adr Stock Market Value
| GLNCY Stock | USD 9.51 0.12 1.25% |
| Symbol | Glencore |
Glencore 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 Glencore PLC's pink sheet 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 Glencore PLC.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Glencore PLC on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Glencore PLC ADR or generate 0.0% return on investment in Glencore PLC over 30 days. Glencore PLC is related to or competes with Mundoro Capital. Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in t... More
Glencore 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 Glencore PLC's pink sheet 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 Glencore PLC ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 12.8 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 3.22 |
Glencore PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Glencore PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Glencore PLC's standard deviation. In reality, there are many statistical measures that can use Glencore PLC historical prices to predict the future Glencore PLC's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Glencore PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Glencore PLC ADR Backtested Returns
Glencore PLC ADR holds Efficiency (Sharpe) Ratio of -0.0712, which attests that the entity had a -0.0712% return per unit of risk over the last 3 months. Glencore PLC ADR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Glencore PLC's Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.15), and Standard Deviation of 2.18 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Glencore PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Glencore PLC is expected to be smaller as well. At this point, Glencore PLC ADR has a negative expected return of -0.16%. Please make sure to check out Glencore PLC's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Glencore PLC ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Glencore PLC ADR has weak predictability. Overlapping area represents the amount of predictability between Glencore PLC time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Glencore PLC ADR price movement. The serial correlation of 0.21 indicates that over 21.0% of current Glencore PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Glencore PLC ADR lagged returns against current returns
Autocorrelation, which is Glencore PLC pink sheet'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 Glencore PLC's pink sheet expected returns. We can calculate the autocorrelation of Glencore PLC returns to help us make a trade decision. For example, suppose you find that Glencore PLC has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Glencore 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 Glencore PLC pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Glencore PLC pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Glencore PLC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Glencore PLC Lagged Returns
When evaluating Glencore PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Glencore PLC pink sheet have on its future price. Glencore 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, Glencore PLC autocorrelation shows the relationship between Glencore PLC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Glencore PLC ADR.
Regressed Prices |
| Timeline |
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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.Additional Tools for Glencore Pink Sheet Analysis
When running Glencore PLC's price analysis, check to measure Glencore 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 Glencore PLC is operating at the current time. Most of Glencore PLC's value examination focuses on studying past and present price action to predict the probability of Glencore 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 Glencore PLC's price. Additionally, you may evaluate how the addition of Glencore PLC to your portfolios can decrease your overall portfolio volatility.