Globe Telecom (Philippines) Market Value
| GLO Stock | 2,100 60.00 2.78% |
| Symbol | Globe |
Globe Telecom '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 Globe Telecom'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 Globe Telecom.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Globe Telecom on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Globe Telecom or generate 0.0% return on investment in Globe Telecom over 360 days. Globe Telecom is related to or competes with PLDT, Allhome Corp, Jollibee Foods, Altus Property, and Monde Nissin. More
Globe Telecom 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 Globe Telecom'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 Globe Telecom upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 12.87 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.82 |
Globe Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globe Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globe Telecom's standard deviation. In reality, there are many statistical measures that can use Globe Telecom historical prices to predict the future Globe Telecom's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.11) |
Globe Telecom Backtested Returns
Globe Telecom holds Efficiency (Sharpe) Ratio of -0.0349, which attests that the entity had a -0.0349% return per unit of risk over the last 3 months. Globe Telecom exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globe Telecom's Risk Adjusted Performance of (0.01), market risk adjusted performance of (0.10), and Standard Deviation of 1.83 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Globe Telecom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Globe Telecom is expected to be smaller as well. At this point, Globe Telecom has a negative expected return of -0.0651%. Please make sure to check out Globe Telecom's value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if Globe Telecom performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Globe Telecom has virtually no predictability. Overlapping area represents the amount of predictability between Globe Telecom time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Globe Telecom price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Globe Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 18.7 K |
Globe Telecom lagged returns against current returns
Autocorrelation, which is Globe Telecom 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 Globe Telecom's stock expected returns. We can calculate the autocorrelation of Globe Telecom returns to help us make a trade decision. For example, suppose you find that Globe Telecom 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 |
Globe Telecom 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 Globe Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globe Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globe Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
Globe Telecom Lagged Returns
When evaluating Globe Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globe Telecom stock have on its future price. Globe Telecom 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, Globe Telecom autocorrelation shows the relationship between Globe Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in Globe Telecom.
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.Other Information on Investing in Globe Stock
Globe Telecom financial ratios help investors to determine whether Globe 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 Globe with respect to the benefits of owning Globe Telecom security.