Globe Union (Taiwan) Market Value
| 9934 Stock | TWD 14.15 0.25 1.74% |
| Symbol | Globe |
Globe Union '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 Union'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 Union.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Globe Union on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Globe Union Industrial or generate 0.0% return on investment in Globe Union over 30 days. Globe Union is related to or competes with Wan Hai, U Ming, and China Airlines. Globe Union Industrial Corp. engages in the design, development, manufacture, marketing, branding, and sale of kitchen a... More
Globe Union 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 Union'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 Union Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 12.6 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 1.4 |
Globe Union Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globe Union's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globe Union's standard deviation. In reality, there are many statistical measures that can use Globe Union historical prices to predict the future Globe Union's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (19.25) |
Globe Union Industrial Backtested Returns
Globe Union Industrial holds Efficiency (Sharpe) Ratio of -0.25, which attests that the entity had a -0.25% return per unit of risk over the last 3 months. Globe Union Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globe Union's Standard Deviation of 1.61, market risk adjusted performance of (19.24), and Risk Adjusted Performance of (0.14) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0172, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Globe Union's returns are expected to increase less than the market. However, during the bear market, the loss of holding Globe Union is expected to be smaller as well. At this point, Globe Union Industrial has a negative expected return of -0.38%. Please make sure to check out Globe Union's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Globe Union Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Globe Union Industrial has weak reverse predictability. Overlapping area represents the amount of predictability between Globe Union time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Globe Union Industrial price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Globe Union price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Globe Union Industrial lagged returns against current returns
Autocorrelation, which is Globe Union 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 Union's stock expected returns. We can calculate the autocorrelation of Globe Union returns to help us make a trade decision. For example, suppose you find that Globe Union 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 Union 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 Union stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globe Union stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globe Union stock over time.
Current vs Lagged Prices |
| Timeline |
Globe Union Lagged Returns
When evaluating Globe Union's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globe Union stock have on its future price. Globe Union 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 Union autocorrelation shows the relationship between Globe Union stock current value and its past values and can show if there is a momentum factor associated with investing in Globe Union Industrial.
Regressed Prices |
| Timeline |
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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.Additional Tools for Globe Stock Analysis
When running Globe Union's price analysis, check to measure Globe Union'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 Union is operating at the current time. Most of Globe Union's value examination focuses on studying past and present price action to predict the probability of Globe Union'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 Union's price. Additionally, you may evaluate how the addition of Globe Union to your portfolios can decrease your overall portfolio volatility.