Global Medical Reit Preferred Stock Market Value
| GMRE-PA Preferred Stock | USD 25.29 0.10 0.40% |
| Symbol | Global |
Global Medical '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 Medical's preferred 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 Medical.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Global Medical on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Global Medical REIT or generate 0.0% return on investment in Global Medical over 90 days. Global Medical is related to or competes with Global Medical, Community Healthcare, National Health, Healthcare Realty, Healthpeak Properties, Sabra Healthcare, and Universal Health. Global Medical REIT Inc. is net-lease medical office REIT that acquires purpose-built healthcare facilities and leases t... More
Global Medical 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 Medical's preferred 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 Medical REIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7537 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.02 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.45 |
Global Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Medical's standard deviation. In reality, there are many statistical measures that can use Global Medical historical prices to predict the future Global Medical's volatility.| Risk Adjusted Performance | 0.0167 | |||
| Jensen Alpha | 0.031 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.04) |
Global Medical REIT Backtested Returns
Global Medical REIT holds Efficiency (Sharpe) Ratio of -0.003, which attests that the entity had a -0.003% return per unit of risk over the last 3 months. Global Medical REIT exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Medical's Market Risk Adjusted Performance of (0.03), risk adjusted performance of 0.0167, and Downside Deviation of 0.7537 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global Medical are expected to decrease at a much lower rate. During the bear market, Global Medical is likely to outperform the market. At this point, Global Medical REIT has a negative expected return of -0.0022%. Please make sure to check out Global Medical's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Global Medical REIT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Global Medical REIT has below average predictability. Overlapping area represents the amount of predictability between Global Medical 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 Global Medical REIT price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Global Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Global Medical REIT lagged returns against current returns
Autocorrelation, which is Global Medical preferred 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 Medical's preferred stock expected returns. We can calculate the autocorrelation of Global Medical returns to help us make a trade decision. For example, suppose you find that Global Medical has exhibited high autocorrelation historically, and you observe that the preferred 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 Medical 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 Medical preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Medical preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Medical preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Global Medical Lagged Returns
When evaluating Global Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Medical preferred stock have on its future price. Global Medical 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 Medical autocorrelation shows the relationship between Global Medical preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Global Medical REIT.
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 Preferred Stock
Global Medical financial ratios help investors to determine whether Global Preferred 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 Medical security.