Global Hemp Group Stock Market Value
| GBHPF Stock | USD 0.01 0.0001 0.99% |
| Symbol | Global |
Global Hemp '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 Hemp's pink sheet 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 Hemp.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Global Hemp on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Global Hemp Group or generate 0.0% return on investment in Global Hemp over 540 days. Global Hemp is related to or competes with MERCK Kommanditgesells. Global Hemp Group Inc. engages in the production and processing of industrial hemp in the United States More
Global Hemp 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 Global Hemp's pink sheet 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 Hemp Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.95 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 97.5 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 19.05 |
Global Hemp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Hemp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Hemp's standard deviation. In reality, there are many statistical measures that can use Global Hemp historical prices to predict the future Global Hemp's volatility.| Risk Adjusted Performance | 0.0143 | |||
| Jensen Alpha | 0.2531 | |||
| Total Risk Alpha | (2.09) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.05) |
Global Hemp Group Backtested Returns
Global Hemp Group holds Efficiency (Sharpe) Ratio of -0.0549, which attests that the entity had a -0.0549% return per unit of risk over the last 3 months. Global Hemp Group exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Hemp's Downside Deviation of 25.95, risk adjusted performance of 0.0143, and Market Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.49, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Global Hemp are expected to decrease by larger amounts. On the other hand, during market turmoil, Global Hemp is expected to outperform it. At this point, Global Hemp Group has a negative expected return of -0.72%. Please make sure to check out Global Hemp's treynor ratio and the relationship between the downside variance and day median price , to decide if Global Hemp Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.33 |
Poor reverse predictability
Global Hemp Group has poor reverse predictability. Overlapping area represents the amount of predictability between Global Hemp time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Global Hemp Group price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Global Hemp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Hemp Group lagged returns against current returns
Autocorrelation, which is Global Hemp pink sheet'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 Hemp's pink sheet expected returns. We can calculate the autocorrelation of Global Hemp returns to help us make a trade decision. For example, suppose you find that Global Hemp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Hemp 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 Hemp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Hemp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Hemp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Global Hemp Lagged Returns
When evaluating Global Hemp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Hemp pink sheet have on its future price. Global Hemp 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 Hemp autocorrelation shows the relationship between Global Hemp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Global Hemp Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Global Pink Sheet
Global Hemp financial ratios help investors to determine whether Global Pink Sheet 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 Hemp security.