Globe Trade (Poland) Market Value
| GTC Stock | 4.45 0.03 0.68% |
| Symbol | Globe |
Globe Trade '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 Globe Trade'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 Globe Trade.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Globe Trade on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Globe Trade Centre or generate 0.0% return on investment in Globe Trade over 660 days. Globe Trade is related to or competes with Asseco Business, and Movie Games. More
Globe Trade 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 Globe Trade'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 Globe Trade Centre upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | 0.0148 | |||
| Maximum Drawdown | 17.5 | |||
| Value At Risk | (2.49) | |||
| Potential Upside | 4.14 |
Globe Trade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globe Trade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globe Trade's standard deviation. In reality, there are many statistical measures that can use Globe Trade historical prices to predict the future Globe Trade's volatility.| Risk Adjusted Performance | 0.0601 | |||
| Jensen Alpha | 0.1979 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0209 | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Globe Trade's 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.
Globe Trade Centre Backtested Returns
Currently, Globe Trade Centre is slightly risky. Globe Trade Centre holds Efficiency (Sharpe) Ratio of 0.0712, which attests that the entity had a 0.0712% return per unit of risk over the last 3 months. We have found thirty technical indicators for Globe Trade Centre, which you can use to evaluate the volatility of the firm. Please check out Globe Trade's Downside Deviation of 1.68, market risk adjusted performance of (0.44), and Risk Adjusted Performance of 0.0601 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Globe Trade has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Globe Trade are expected to decrease at a much lower rate. During the bear market, Globe Trade is likely to outperform the market. Globe Trade Centre right now retains a risk of 2.44%. Please check out Globe Trade treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Globe Trade will be following its current trending patterns.
Auto-correlation | 0.32 |
Below average predictability
Globe Trade Centre has below average predictability. Overlapping area represents the amount of predictability between Globe Trade time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Globe Trade Centre price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Globe Trade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Globe Trade Centre lagged returns against current returns
Autocorrelation, which is Globe Trade 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 Globe Trade's stock expected returns. We can calculate the autocorrelation of Globe Trade returns to help us make a trade decision. For example, suppose you find that Globe Trade 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 |
Globe Trade 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 Globe Trade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globe Trade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globe Trade stock over time.
Current vs Lagged Prices |
| Timeline |
Globe Trade Lagged Returns
When evaluating Globe Trade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globe Trade stock have on its future price. Globe Trade 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, Globe Trade autocorrelation shows the relationship between Globe Trade stock current value and its past values and can show if there is a momentum factor associated with investing in Globe Trade Centre.
Regressed Prices |
| Timeline |
Pair Trading with Globe Trade
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 Globe Trade 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 Globe Trade will appreciate offsetting losses from the drop in the long position's value.Moving against Globe Stock
| 0.72 | BNP | BNP Paribas Bank | PairCorr |
| 0.66 | MBK | mBank SA | PairCorr |
| 0.65 | PKN | Polski Koncern Naftowy | PairCorr |
| 0.49 | SPL | Santander Bank Polska | PairCorr |
| 0.48 | PEO | Bank Polska Kasa | PairCorr |
The ability to find closely correlated positions to Globe Trade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globe Trade 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 Globe Trade - 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 Globe Trade Centre to buy it.
The correlation of Globe Trade 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 Globe Trade moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globe Trade Centre 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 Globe Trade 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.Additional Tools for Globe Stock Analysis
When running Globe Trade's price analysis, check to measure Globe Trade'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 Globe Trade is operating at the current time. Most of Globe Trade's value examination focuses on studying past and present price action to predict the probability of Globe Trade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Trade's price. Additionally, you may evaluate how the addition of Globe Trade to your portfolios can decrease your overall portfolio volatility.