Global Crossing Airlines Stock Market Value
| JET Stock | 0.90 0.04 4.26% |
| Symbol | Global |
Global Crossing '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 Crossing'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 Crossing.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Global Crossing on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Global Crossing Airlines or generate 0.0% return on investment in Global Crossing over 30 days. Global Crossing is related to or competes with Financial, Manulife Financial, Royal Bank, North American, Guru Organic, and Orbit Garant. Global Crossing is entity of Canada. It is traded as Stock on NEO exchange. More
Global Crossing 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 Crossing'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 Crossing Airlines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.21 | |||
| Information Ratio | 0.0049 | |||
| Maximum Drawdown | 25.19 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.7 |
Global Crossing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Crossing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Crossing's standard deviation. In reality, there are many statistical measures that can use Global Crossing historical prices to predict the future Global Crossing's volatility.| Risk Adjusted Performance | 0.0291 | |||
| Jensen Alpha | 0.2303 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0048 | |||
| Treynor Ratio | (0.09) |
Global Crossing Airlines Backtested Returns
As of now, Global Stock is abnormally volatile. Global Crossing Airlines holds Efficiency (Sharpe) Ratio of 0.0211, which attests that the entity had a 0.0211 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Crossing Airlines, which you can use to evaluate the volatility of the firm. Please check out Global Crossing's Risk Adjusted Performance of 0.0291, downside deviation of 5.21, and Market Risk Adjusted Performance of (0.08) to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Global Crossing has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -1.29, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Global Crossing are expected to decrease by larger amounts. On the other hand, during market turmoil, Global Crossing is expected to outperform it. Global Crossing Airlines right now retains a risk of 5.0%. Please check out Global Crossing semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if Global Crossing will be following its current trending patterns.
Auto-correlation | 0.55 |
Modest predictability
Global Crossing Airlines has modest predictability. Overlapping area represents the amount of predictability between Global Crossing time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. 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 Crossing Airlines price movement. The serial correlation of 0.55 indicates that about 55.0% of current Global Crossing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Global Crossing Airlines lagged returns against current returns
Autocorrelation, which is Global Crossing 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 Crossing's stock expected returns. We can calculate the autocorrelation of Global Crossing returns to help us make a trade decision. For example, suppose you find that Global Crossing 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 Crossing 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 Crossing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Crossing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Crossing stock over time.
Current vs Lagged Prices |
| Timeline |
Global Crossing Lagged Returns
When evaluating Global Crossing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Crossing stock have on its future price. Global Crossing 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 Crossing autocorrelation shows the relationship between Global Crossing stock current value and its past values and can show if there is a momentum factor associated with investing in Global Crossing Airlines.
Regressed Prices |
| Timeline |
Pair Trading with Global Crossing
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 Crossing 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 Crossing will appreciate offsetting losses from the drop in the long position's value.Moving against Global Stock
| 0.58 | AAPL | Apple Inc CDR | PairCorr |
| 0.5 | COST | Costco Wholesale Corp | PairCorr |
| 0.41 | WMT | Walmart Inc CDR | PairCorr |
| 0.37 | AMZN | Amazon CDR | PairCorr |
The ability to find closely correlated positions to Global Crossing 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 Crossing 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 Crossing - 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 Crossing Airlines to buy it.
The correlation of Global Crossing 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 Crossing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Crossing Airlines 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 Crossing 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.Other Information on Investing in Global Stock
Global Crossing financial ratios help investors to determine whether Global 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 Crossing security.