Global Vectra (India) Market Value
| GLOBALVECT | 271.45 12.90 4.99% |
| Symbol | Global |
Global Vectra '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 Vectra'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 Vectra.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Global Vectra on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Global Vectra Helicorp or generate 0.0% return on investment in Global Vectra over 180 days. Global Vectra is related to or competes with Baazar Style, Hisar Metal, Sarthak Metals, Rajnandini Metal, Shivalik Bimetal, Hilton Metal, and Compucom Software. Global Vectra is entity of India. It is traded as Stock on NSE exchange. More
Global Vectra 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 Vectra'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 Vectra Helicorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.86 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.0 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 5.0 |
Global Vectra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Vectra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Vectra's standard deviation. In reality, there are many statistical measures that can use Global Vectra historical prices to predict the future Global Vectra's volatility.| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | 0.0601 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.4431 |
Global Vectra Helicorp Backtested Returns
Global Vectra Helicorp holds Efficiency (Sharpe) Ratio of -0.0089, which attests that the entity had a -0.0089% return per unit of risk over the last 3 months. Global Vectra Helicorp exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Vectra's Downside Deviation of 2.86, risk adjusted performance of 0.0308, and Market Risk Adjusted Performance of 0.4531 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Vectra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Vectra is expected to be smaller as well. At this point, Global Vectra Helicorp has a negative expected return of -0.0278%. Please make sure to check out Global Vectra's value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Global Vectra Helicorp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
Global Vectra Helicorp has poor reverse predictability. Overlapping area represents the amount of predictability between Global Vectra time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Vectra Helicorp price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Global Vectra price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 699.75 |
Global Vectra Helicorp lagged returns against current returns
Autocorrelation, which is Global Vectra 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 Vectra's stock expected returns. We can calculate the autocorrelation of Global Vectra returns to help us make a trade decision. For example, suppose you find that Global Vectra 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 Vectra 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 Vectra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Vectra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Vectra stock over time.
Current vs Lagged Prices |
| Timeline |
Global Vectra Lagged Returns
When evaluating Global Vectra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Vectra stock have on its future price. Global Vectra 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 Vectra autocorrelation shows the relationship between Global Vectra stock current value and its past values and can show if there is a momentum factor associated with investing in Global Vectra Helicorp.
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 Global Stock Analysis
When running Global Vectra's price analysis, check to measure Global Vectra'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 Global Vectra is operating at the current time. Most of Global Vectra's value examination focuses on studying past and present price action to predict the probability of Global Vectra's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Vectra's price. Additionally, you may evaluate how the addition of Global Vectra to your portfolios can decrease your overall portfolio volatility.