Globus Spirits (India) Market Value
| GLOBUSSPR | 843.15 25.45 3.11% |
| Symbol | Globus |
Globus Spirits '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 Globus Spirits' 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 Globus Spirits.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Globus Spirits on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Globus Spirits Limited or generate 0.0% return on investment in Globus Spirits over 30 days. Globus Spirits is related to or competes with Geojit Financial, UTI Asset, Tamilnad Mercantile, Investment Trust, ICICI Bank, Central Bank, and Industrial Investment. Globus Spirits is entity of India. It is traded as Stock on NSE exchange. More
Globus Spirits 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 Globus Spirits' 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 Globus Spirits Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 31.34 | |||
| Value At Risk | (5.55) | |||
| Potential Upside | 8.11 |
Globus Spirits Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globus Spirits' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globus Spirits' standard deviation. In reality, there are many statistical measures that can use Globus Spirits historical prices to predict the future Globus Spirits' volatility.| Risk Adjusted Performance | 0.0054 | |||
| Jensen Alpha | 0.0463 | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 0.044 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Globus Spirits' 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.
Globus Spirits Backtested Returns
Globus Spirits holds Efficiency (Sharpe) Ratio of -0.0015, which attests that the entity had a -0.0015% return per unit of risk over the last 3 months. Globus Spirits exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globus Spirits' Market Risk Adjusted Performance of 0.054, standard deviation of 4.42, and Risk Adjusted Performance of 0.0054 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Globus Spirits are expected to decrease at a much lower rate. During the bear market, Globus Spirits is likely to outperform the market. At this point, Globus Spirits has a negative expected return of -0.0066%. Please make sure to check out Globus Spirits' skewness, as well as the relationship between the day median price and relative strength index , to decide if Globus Spirits performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Globus Spirits Limited has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Globus Spirits 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 Globus Spirits price movement. The serial correlation of -0.71 indicates that around 71.0% of current Globus Spirits price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1308.0 |
Globus Spirits lagged returns against current returns
Autocorrelation, which is Globus Spirits 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 Globus Spirits' stock expected returns. We can calculate the autocorrelation of Globus Spirits returns to help us make a trade decision. For example, suppose you find that Globus Spirits 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 |
Globus Spirits 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 Globus Spirits stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globus Spirits stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globus Spirits stock over time.
Current vs Lagged Prices |
| Timeline |
Globus Spirits Lagged Returns
When evaluating Globus Spirits' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globus Spirits stock have on its future price. Globus Spirits 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, Globus Spirits autocorrelation shows the relationship between Globus Spirits stock current value and its past values and can show if there is a momentum factor associated with investing in Globus Spirits Limited.
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 Globus Stock Analysis
When running Globus Spirits' price analysis, check to measure Globus Spirits' 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 Globus Spirits is operating at the current time. Most of Globus Spirits' value examination focuses on studying past and present price action to predict the probability of Globus Spirits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Spirits' price. Additionally, you may evaluate how the addition of Globus Spirits to your portfolios can decrease your overall portfolio volatility.