Globetronics Tech (Malaysia) Market Value
| 7022 Stock | 0.55 0.01 1.79% |
| Symbol | Globetronics |
Globetronics Tech '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 Globetronics Tech'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 Globetronics Tech.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Globetronics Tech on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Globetronics Tech Bhd or generate 0.0% return on investment in Globetronics Tech over 720 days. Globetronics Tech is related to or competes with ViTrox Bhd, MI Technovation, Minetech Resources, Sunzen Biotech, and Hengyuan Refining. More
Globetronics Tech 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 Globetronics Tech'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 Globetronics Tech Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 34.8 | |||
| Value At Risk | (5.45) | |||
| Potential Upside | 11.32 |
Globetronics Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globetronics Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globetronics Tech's standard deviation. In reality, there are many statistical measures that can use Globetronics Tech historical prices to predict the future Globetronics Tech's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.74) | |||
| Total Risk Alpha | (1.70) | |||
| Treynor Ratio | (1.55) |
Globetronics Tech Bhd Backtested Returns
Globetronics Tech Bhd holds Efficiency (Sharpe) Ratio of -0.0939, which attests that the entity had a -0.0939% return per unit of risk over the last 3 months. Globetronics Tech Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globetronics Tech's Risk Adjusted Performance of (0.08), standard deviation of 6.08, and Market Risk Adjusted Performance of (1.54) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Globetronics Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Globetronics Tech is expected to be smaller as well. At this point, Globetronics Tech Bhd has a negative expected return of -0.58%. Please make sure to check out Globetronics Tech's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Globetronics Tech Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Globetronics Tech Bhd has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Globetronics Tech time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Globetronics Tech Bhd price movement. The serial correlation of -0.75 indicates that around 75.0% of current Globetronics Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Globetronics Tech Bhd lagged returns against current returns
Autocorrelation, which is Globetronics Tech 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 Globetronics Tech's stock expected returns. We can calculate the autocorrelation of Globetronics Tech returns to help us make a trade decision. For example, suppose you find that Globetronics Tech 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 |
Globetronics Tech 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 Globetronics Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globetronics Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globetronics Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Globetronics Tech Lagged Returns
When evaluating Globetronics Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globetronics Tech stock have on its future price. Globetronics Tech 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, Globetronics Tech autocorrelation shows the relationship between Globetronics Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Globetronics Tech Bhd.
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 Globetronics Stock
Globetronics Tech financial ratios help investors to determine whether Globetronics 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 Globetronics with respect to the benefits of owning Globetronics Tech security.