Global Crossing Airlines Stock Market Value

JETMF Stock  USD 0.64  0.04  5.88%   
Global Crossing's market value is the price at which a share of Global Crossing trades on a public exchange. It measures the collective expectations of Global Crossing Airlines investors about its performance. Global Crossing is trading at 0.64 as of the 31st of January 2025. This is a 5.88 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.63.
With this module, you can estimate the performance of a buy and hold strategy of Global Crossing Airlines and determine expected loss or profit from investing in Global Crossing over a given investment horizon. Check out Global Crossing Correlation, Global Crossing Volatility and Global Crossing Alpha and Beta module to complement your research on Global Crossing.
Symbol

Please note, there is a significant difference between Global Crossing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Crossing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Crossing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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 otc 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.
0.00
02/11/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
01/31/2025
0.00
If you would invest  0.00  in Global Crossing on February 11, 2023 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 720 days. Global Crossing is related to or competes with Finnair Oyj, EasyJet Plc, Norse Atlantic, Air New, Air China, Air France-KLM, and AirAsia Group. Global Crossing Airlines Group Inc. operates in the airline business 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 otc 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.

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.
Hype
Prediction
LowEstimatedHigh
0.030.645.34
Details
Intrinsic
Valuation
LowRealHigh
0.030.505.20
Details
Naive
Forecast
LowNextHigh
0.010.695.38
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.380.530.67
Details

Global Crossing Airlines Backtested Returns

At this point, Global Crossing is out of control. Global Crossing Airlines holds Efficiency (Sharpe) Ratio of 0.012, which attests that the entity had a 0.012 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Global Crossing Airlines, which you can use to evaluate the volatility of the firm. Please check out Global Crossing's Market Risk Adjusted Performance of 0.5858, downside deviation of 4.63, and Risk Adjusted Performance of 0.0312 to validate if the risk estimate we provide is consistent with the expected return of 0.0565%. 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, Global Crossing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Crossing is expected to be smaller as well. Global Crossing Airlines right now retains a risk of 4.7%. Please check out Global Crossing treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Global Crossing will be following its current trending patterns.

Auto-correlation

    
  0.06  

Virtually no predictability

Global Crossing Airlines has virtually no predictability. Overlapping area represents the amount of predictability between Global Crossing time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 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 0.06 indicates that barely 6.0% of current Global Crossing price fluctuation can be explain by its past prices.
Correlation Coefficient0.06
Spearman Rank Test0.1
Residual Average0.0
Price Variance0.0

Global Crossing Airlines lagged returns against current returns

Autocorrelation, which is Global Crossing otc 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 otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Crossing otc 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 otc 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 otc 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 otc 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  

Currently Active Assets on Macroaxis

Other Information on Investing in Global OTC Stock

Global Crossing financial ratios help investors to determine whether Global OTC 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.