Global Electrical (Vietnam) Market Value
| GLT Stock | 27,100 900.00 3.44% |
| Symbol | Global |
Global Electrical '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 Electrical'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 Electrical.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Global Electrical on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Global Electrical Technology or generate 0.0% return on investment in Global Electrical over 540 days.
Global Electrical 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 Electrical'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 Electrical Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 19.47 | |||
| Value At Risk | (8.94) | |||
| Potential Upside | 6.87 |
Global Electrical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Electrical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Electrical's standard deviation. In reality, there are many statistical measures that can use Global Electrical historical prices to predict the future Global Electrical's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.90) | |||
| Treynor Ratio | 0.1495 |
Global Electrical Backtested Returns
Global Electrical holds Efficiency (Sharpe) Ratio of -0.0613, which attests that the entity had a -0.0613% return per unit of risk over the last 3 months. Global Electrical exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Electrical's Standard Deviation of 4.68, market risk adjusted performance of 0.1595, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.31, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Global Electrical are expected to decrease by larger amounts. On the other hand, during market turmoil, Global Electrical is expected to outperform it. At this point, Global Electrical has a negative expected return of -0.29%. Please make sure to check out Global Electrical's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Global Electrical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Global Electrical Technology has insignificant predictability. Overlapping area represents the amount of predictability between Global Electrical time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Electrical price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Global Electrical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 44.2 M |
Global Electrical lagged returns against current returns
Autocorrelation, which is Global Electrical 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 Electrical's stock expected returns. We can calculate the autocorrelation of Global Electrical returns to help us make a trade decision. For example, suppose you find that Global Electrical 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 Electrical 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 Electrical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Electrical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Electrical stock over time.
Current vs Lagged Prices |
| Timeline |
Global Electrical Lagged Returns
When evaluating Global Electrical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Electrical stock have on its future price. Global Electrical 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 Electrical autocorrelation shows the relationship between Global Electrical stock current value and its past values and can show if there is a momentum factor associated with investing in Global Electrical Technology.
Regressed Prices |
| Timeline |
Pair Trading with Global Electrical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Global Electrical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Global Electrical will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Global Electrical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Electrical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Electrical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Electrical Technology to buy it.
The correlation of Global Electrical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Electrical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Electrical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Global Electrical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.