Global Telecom (Egypt) Market Value
| GTHE Stock | 4.90 0.00 0.00% |
| Symbol | Global |
Global Telecom '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 Telecom'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 Telecom.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Global Telecom on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Global Telecom Holding or generate 0.0% return on investment in Global Telecom over 30 days.
Global Telecom 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 Telecom'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 Telecom Holding upside and downside potential and time the market with a certain degree of confidence.
Global Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Telecom's standard deviation. In reality, there are many statistical measures that can use Global Telecom historical prices to predict the future Global Telecom's volatility.Global Telecom Holding Backtested Returns
We have found three technical indicators for Global Telecom Holding, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Global Telecom are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Global Telecom Holding has perfect predictability. Overlapping area represents the amount of predictability between Global Telecom time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Telecom Holding price movement. The serial correlation of 1.0 indicates that 100.0% of current Global Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Telecom Holding lagged returns against current returns
Autocorrelation, which is Global Telecom 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 Telecom's stock expected returns. We can calculate the autocorrelation of Global Telecom returns to help us make a trade decision. For example, suppose you find that Global Telecom 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 Telecom 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 Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
Global Telecom Lagged Returns
When evaluating Global Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Telecom stock have on its future price. Global Telecom 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 Telecom autocorrelation shows the relationship between Global Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in Global Telecom Holding.
Regressed Prices |
| Timeline |