Globex Mining (Germany) Market Value
| G1MN Stock | EUR 0.88 0.01 1.12% |
| Symbol | Globex |
Globex Mining '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 Globex Mining'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 Globex Mining.
| 10/22/2024 |
| 01/20/2025 |
If you would invest 0.00 in Globex Mining on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Globex Mining Enterprises or generate 0.0% return on investment in Globex Mining over 90 days. Globex Mining is related to or competes with Hyrican Informationssyst, Corsair Gaming, Air New, Linedata Services, and NTT DATA. More
Globex Mining 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 Globex Mining'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 Globex Mining Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.2381 | |||
| Maximum Drawdown | 7.08 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 4.29 |
Globex Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globex Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globex Mining's standard deviation. In reality, there are many statistical measures that can use Globex Mining historical prices to predict the future Globex Mining's volatility.| Risk Adjusted Performance | 0.2202 | |||
| Jensen Alpha | 0.3791 | |||
| Total Risk Alpha | 0.335 | |||
| Sortino Ratio | 0.1667 | |||
| Treynor Ratio | (0.77) |
Globex Mining Enterprises Backtested Returns
Globex Mining appears to be very risky, given 3 months investment horizon. Globex Mining Enterprises holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Globex Mining Enterprises, which you can use to evaluate the volatility of the firm. Please utilize Globex Mining's Downside Deviation of 2.1, risk adjusted performance of 0.2202, and Market Risk Adjusted Performance of (0.76) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Globex Mining holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of -0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Globex Mining are expected to decrease at a much lower rate. During the bear market, Globex Mining is likely to outperform the market. Please check Globex Mining's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Globex Mining's current trending patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
Globex Mining Enterprises has below average predictability. Overlapping area represents the amount of predictability between Globex Mining time series from 22nd of October 2024 to 6th of December 2024 and 6th of December 2024 to 20th 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 Globex Mining Enterprises price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Globex Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Globex Mining Enterprises lagged returns against current returns
Autocorrelation, which is Globex Mining 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 Globex Mining's stock expected returns. We can calculate the autocorrelation of Globex Mining returns to help us make a trade decision. For example, suppose you find that Globex Mining 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 |
Globex Mining 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 Globex Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globex Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globex Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Globex Mining Lagged Returns
When evaluating Globex Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globex Mining stock have on its future price. Globex Mining 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, Globex Mining autocorrelation shows the relationship between Globex Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Globex Mining Enterprises.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Globex Stock Analysis
When running Globex Mining's price analysis, check to measure Globex Mining'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 Globex Mining is operating at the current time. Most of Globex Mining's value examination focuses on studying past and present price action to predict the probability of Globex Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globex Mining's price. Additionally, you may evaluate how the addition of Globex Mining to your portfolios can decrease your overall portfolio volatility.