Globrands (Israel) Market Value
| GLRS Stock | 44,940 710.00 1.61% |
| Symbol | Globrands |
Globrands '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 Globrands' 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 Globrands.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Globrands on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Globrands Group or generate 0.0% return on investment in Globrands over 90 days. Globrands is related to or competes with Diplomat Holdings, Tiv Taam, Victory Supermarket, Neto ME, and . More
Globrands 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 Globrands' 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 Globrands Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.0079 | |||
| Maximum Drawdown | 6.55 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 2.35 |
Globrands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globrands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globrands' standard deviation. In reality, there are many statistical measures that can use Globrands historical prices to predict the future Globrands' volatility.| Risk Adjusted Performance | 0.0934 | |||
| Jensen Alpha | 0.1593 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0074 | |||
| Treynor Ratio | (0.54) |
Globrands Group Backtested Returns
Globrands appears to be very steady, given 3 months investment horizon. Globrands Group holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Globrands Group, which you can use to evaluate the volatility of the firm. Please utilize Globrands' Risk Adjusted Performance of 0.0934, downside deviation of 1.28, and Market Risk Adjusted Performance of (0.53) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Globrands holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Globrands are expected to decrease at a much lower rate. During the bear market, Globrands is likely to outperform the market. Please check Globrands' sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Globrands' current trending patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Globrands Group has weak predictability. Overlapping area represents the amount of predictability between Globrands time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Globrands Group price movement. The serial correlation of 0.22 indicates that over 22.0% of current Globrands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 M |
Globrands Group lagged returns against current returns
Autocorrelation, which is Globrands 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 Globrands' stock expected returns. We can calculate the autocorrelation of Globrands returns to help us make a trade decision. For example, suppose you find that Globrands 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 |
Globrands 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 Globrands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globrands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globrands stock over time.
Current vs Lagged Prices |
| Timeline |
Globrands Lagged Returns
When evaluating Globrands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globrands stock have on its future price. Globrands 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, Globrands autocorrelation shows the relationship between Globrands stock current value and its past values and can show if there is a momentum factor associated with investing in Globrands Group.
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 Globrands Stock
Globrands financial ratios help investors to determine whether Globrands 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 Globrands with respect to the benefits of owning Globrands security.