Global Atomic Corp Stock Market Value
| GLO Stock | CAD 0.85 0.03 3.41% |
| Symbol | Global |
Global Atomic Corp Price To Book Ratio
Global Atomic '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 Atomic'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 Atomic.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Global Atomic on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Global Atomic Corp or generate 0.0% return on investment in Global Atomic over 30 days. Global Atomic is related to or competes with EnCore Energy, and Baselode Energy. Global Atomic Corporation engages in the uranium development and zinc concentrate production businesses More
Global Atomic 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 Atomic'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 Atomic Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 31.17 | |||
| Value At Risk | (5.30) | |||
| Potential Upside | 4.72 |
Global Atomic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Atomic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Atomic's standard deviation. In reality, there are many statistical measures that can use Global Atomic historical prices to predict the future Global Atomic's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.73) | |||
| Total Risk Alpha | (1.24) | |||
| Treynor Ratio | (1.87) |
Global Atomic Corp Backtested Returns
Global Atomic Corp holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of risk over the last 3 months. Global Atomic Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Atomic's Risk Adjusted Performance of (0.10), standard deviation of 4.42, and Market Risk Adjusted Performance of (1.86) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Atomic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Atomic is expected to be smaller as well. At this point, Global Atomic Corp has a negative expected return of -0.65%. Please make sure to check out Global Atomic's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Global Atomic Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.10 |
Insignificant predictability
Global Atomic Corp has insignificant predictability. Overlapping area represents the amount of predictability between Global Atomic time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Global Atomic Corp price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Global Atomic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Global Atomic Corp lagged returns against current returns
Autocorrelation, which is Global Atomic 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 Atomic's stock expected returns. We can calculate the autocorrelation of Global Atomic returns to help us make a trade decision. For example, suppose you find that Global Atomic 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 Atomic 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 Atomic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Atomic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Atomic stock over time.
Current vs Lagged Prices |
| Timeline |
Global Atomic Lagged Returns
When evaluating Global Atomic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Atomic stock have on its future price. Global Atomic 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 Atomic autocorrelation shows the relationship between Global Atomic stock current value and its past values and can show if there is a momentum factor associated with investing in Global Atomic Corp.
Regressed Prices |
| Timeline |
Pair Trading with Global Atomic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Global Atomic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Global Atomic will appreciate offsetting losses from the drop in the long position's value.Moving together with Global Stock
Moving against Global Stock
The ability to find closely correlated positions to Global Atomic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Atomic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Atomic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Atomic Corp to buy it.
The correlation of Global Atomic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Atomic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Atomic Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Global Atomic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Global Stock
Global Atomic 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 Atomic security.