Global Education (India) Market Value
| GLOBAL Stock | 182.01 4.16 2.34% |
| Symbol | Global |
Global Education '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 Education'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 Education.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Global Education on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Global Education Limited or generate 0.0% return on investment in Global Education over 30 days. Global Education is related to or competes with Ratnamani Metals, MRF, Bajaj Holdings, Vardhman Holdings, and Honeywell Automation. Global Education is entity of India. It is traded as Stock on NSE exchange. More
Global Education 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 Education'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 Education Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.43 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 20.23 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 5.6 |
Global Education Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Education's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Education's standard deviation. In reality, there are many statistical measures that can use Global Education historical prices to predict the future Global Education's volatility.| Risk Adjusted Performance | 0.0107 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0166 |
Global Education Backtested Returns
Global Education holds Efficiency (Sharpe) Ratio of -0.0439, which attests that the entity had a -0.0439% return per unit of risk over the last 3 months. Global Education exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Education's Market Risk Adjusted Performance of 0.0266, risk adjusted performance of 0.0107, and Downside Deviation of 2.43 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Education's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Education is expected to be smaller as well. At this point, Global Education has a negative expected return of -0.13%. Please make sure to check out Global Education's value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Global Education performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Global Education Limited has virtually no predictability. Overlapping area represents the amount of predictability between Global Education time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Global Education price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Global Education price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 10.88 |
Global Education lagged returns against current returns
Autocorrelation, which is Global Education 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 Education's stock expected returns. We can calculate the autocorrelation of Global Education returns to help us make a trade decision. For example, suppose you find that Global Education 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 Education 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 Education stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Education stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Education stock over time.
Current vs Lagged Prices |
| Timeline |
Global Education Lagged Returns
When evaluating Global Education's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Education stock have on its future price. Global Education 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 Education autocorrelation shows the relationship between Global Education stock current value and its past values and can show if there is a momentum factor associated with investing in Global Education Limited.
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 Global Stock
Global Education 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 Education security.