Global Tax (Korea) Market Value
| 204620 Stock | KRW 3,445 65.00 1.92% |
| Symbol | Global |
Global Tax '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 Tax'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 Tax.
| 01/24/2023 |
| 01/13/2025 |
If you would invest 0.00 in Global Tax on January 24, 2023 and sell it all today you would earn a total of 0.00 from holding Global Tax Free or generate 0.0% return on investment in Global Tax over 720 days. Global Tax is related to or competes with Samsung Electronics, Samsung Electronics, LG Energy, SK Hynix, Samsung Biologics, LG Chem, and LG Chemicals. Global Tax Free Co., Ltd. operates as tax refund company for foreign tourists in South Korea More
Global Tax 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 Tax'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 Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.82 | |||
| Information Ratio | 0.0601 | |||
| Maximum Drawdown | 16.58 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 5.45 |
Global Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Tax's standard deviation. In reality, there are many statistical measures that can use Global Tax historical prices to predict the future Global Tax's volatility.| Risk Adjusted Performance | 0.0563 | |||
| Jensen Alpha | 0.1791 | |||
| Total Risk Alpha | 0.2179 | |||
| Sortino Ratio | 0.0658 | |||
| Treynor Ratio | 0.3725 |
Global Tax Free Backtested Returns
At this point, Global Tax is very steady. Global Tax Free holds Efficiency (Sharpe) Ratio of 0.0328, which attests that the entity had a 0.0328% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Global Tax Free, which you can use to evaluate the volatility of the firm. Please check out Global Tax's Risk Adjusted Performance of 0.0563, market risk adjusted performance of 0.3825, and Downside Deviation of 2.82 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. Global Tax has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Tax is expected to be smaller as well. Global Tax Free right now retains a risk of 3.12%. Please check out Global Tax downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Global Tax will be following its current trending patterns.
Auto-correlation | -0.5 |
Modest reverse predictability
Global Tax Free has modest reverse predictability. Overlapping area represents the amount of predictability between Global Tax time series from 24th of January 2023 to 19th of January 2024 and 19th of January 2024 to 13th 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 Tax Free price movement. The serial correlation of -0.5 indicates that about 50.0% of current Global Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 379.5 K |
Global Tax Free lagged returns against current returns
Autocorrelation, which is Global Tax 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 Tax's stock expected returns. We can calculate the autocorrelation of Global Tax returns to help us make a trade decision. For example, suppose you find that Global Tax 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 Tax 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 Tax stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Tax stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Tax stock over time.
Current vs Lagged Prices |
| Timeline |
Global Tax Lagged Returns
When evaluating Global Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Tax stock have on its future price. Global Tax 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 Tax autocorrelation shows the relationship between Global Tax stock current value and its past values and can show if there is a momentum factor associated with investing in Global Tax Free.
Regressed Prices |
| Timeline |
Pair Trading with Global Tax
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 Tax 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 Tax will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Global Tax 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 Tax 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 Tax - 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 Tax Free to buy it.
The correlation of Global Tax 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 Tax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Tax Free 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 Tax 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 Tax 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 Tax security.