Global Ferronickel's market value is the price at which a share of Global Ferronickel trades on a public exchange. It measures the collective expectations of Global Ferronickel Holdings investors about its performance. Global Ferronickel is trading at 1.0 as of the 11th of January 2025, a 1.01 percent increase since the beginning of the trading day. The stock's lowest day price was 1.0. With this module, you can estimate the performance of a buy and hold strategy of Global Ferronickel Holdings and determine expected loss or profit from investing in Global Ferronickel over a given investment horizon. Check out Global Ferronickel Correlation, Global Ferronickel Volatility and Global Ferronickel Alpha and Beta module to complement your research on Global Ferronickel.
Please note, there is a significant difference between Global Ferronickel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Ferronickel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Ferronickel'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 Ferronickel '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 Ferronickel'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 Ferronickel.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Global Ferronickel'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 Ferronickel Holdings upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Ferronickel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Ferronickel's standard deviation. In reality, there are many statistical measures that can use Global Ferronickel historical prices to predict the future Global Ferronickel's volatility.
Global Ferronickel holds Efficiency (Sharpe) Ratio of -0.32, which attests that the entity had a -0.32% return per unit of risk over the last 3 months. Global Ferronickel exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Ferronickel's Market Risk Adjusted Performance of (8.68), standard deviation of 2.16, and Risk Adjusted Performance of (0.19) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0624, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Ferronickel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Ferronickel is expected to be smaller as well. At this point, Global Ferronickel has a negative expected return of -0.68%. Please make sure to check out Global Ferronickel's rate of daily change, price action indicator, as well as the relationship between the skewness and treynor ratio , to decide if Global Ferronickel performance from the past will be repeated at some point in the near future.
Auto-correlation
0.77
Good predictability
Global Ferronickel Holdings has good predictability. Overlapping area represents the amount of predictability between Global Ferronickel time series from 12th of December 2024 to 27th of December 2024 and 27th of December 2024 to 11th 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 Ferronickel price movement. The serial correlation of 0.77 indicates that around 77.0% of current Global Ferronickel price fluctuation can be explain by its past prices.
Correlation Coefficient
0.77
Spearman Rank Test
0.62
Residual Average
0.0
Price Variance
0.0
Global Ferronickel lagged returns against current returns
Autocorrelation, which is Global Ferronickel 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 Ferronickel's stock expected returns. We can calculate the autocorrelation of Global Ferronickel returns to help us make a trade decision. For example, suppose you find that Global Ferronickel 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 Ferronickel 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 Ferronickel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Ferronickel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Ferronickel stock over time.
Current vs Lagged Prices
Timeline
Global Ferronickel Lagged Returns
When evaluating Global Ferronickel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Ferronickel stock have on its future price. Global Ferronickel 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 Ferronickel autocorrelation shows the relationship between Global Ferronickel stock current value and its past values and can show if there is a momentum factor associated with investing in Global Ferronickel Holdings.
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.
Global Ferronickel 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 Ferronickel security.