Globe Metals (Australia) Market Value
| GBE Stock | 0.04 0 5.00% |
| Symbol | Globe |
Globe Metals '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 Metals' 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 Metals.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Globe Metals on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Globe Metals Mining or generate 0.0% return on investment in Globe Metals over 30 days. Globe Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, Aneka Tambang, and Perseus Mining. Globe Metals is entity of Australia. It is traded as Stock on AU exchange. More
Globe Metals 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 Metals' 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 Metals Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.63 | |||
| Information Ratio | 0.0304 | |||
| Maximum Drawdown | 33.25 | |||
| Value At Risk | (8.16) | |||
| Potential Upside | 8.11 |
Globe Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globe Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globe Metals' standard deviation. In reality, there are many statistical measures that can use Globe Metals historical prices to predict the future Globe Metals' volatility.| Risk Adjusted Performance | 0.0477 | |||
| Jensen Alpha | 0.5107 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.0208 | |||
| Treynor Ratio | (0.13) |
Globe Metals Mining Backtested Returns
Globe Metals Mining holds Efficiency (Sharpe) Ratio of -0.0079, which attests that the entity had a -0.0079% return per unit of risk over the last 3 months. Globe Metals Mining exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globe Metals' Downside Deviation of 7.63, risk adjusted performance of 0.0477, and Market Risk Adjusted Performance of (0.12) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -2.07, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Globe Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, Globe Metals is expected to outperform it. At this point, Globe Metals Mining has a negative expected return of -0.0366%. Please make sure to check out Globe Metals' jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Globe Metals Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Globe Metals Mining has very good reverse predictability. Overlapping area represents the amount of predictability between Globe Metals time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Metals Mining price movement. The serial correlation of -0.68 indicates that around 68.0% of current Globe Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Globe Metals Mining lagged returns against current returns
Autocorrelation, which is Globe Metals 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 Metals' stock expected returns. We can calculate the autocorrelation of Globe Metals returns to help us make a trade decision. For example, suppose you find that Globe Metals 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 Metals 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 Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globe Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globe Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Globe Metals Lagged Returns
When evaluating Globe Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globe Metals stock have on its future price. Globe Metals 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 Metals autocorrelation shows the relationship between Globe Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Globe Metals Mining.
Regressed Prices |
| Timeline |
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Additional Tools for Globe Stock Analysis
When running Globe Metals' price analysis, check to measure Globe Metals' 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 Metals is operating at the current time. Most of Globe Metals' value examination focuses on studying past and present price action to predict the probability of Globe Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Metals' price. Additionally, you may evaluate how the addition of Globe Metals to your portfolios can decrease your overall portfolio volatility.