Global Tech Industries Stock Market Value
| GTII Stock | USD 0.03 0.02 100.67% |
| Symbol | Global |
Global Tech '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 Tech'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 Tech.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Global Tech on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Global Tech Industries or generate 0.0% return on investment in Global Tech over 30 days. Global Tech is related to or competes with Vow ASA, and TOMI Environmental. Global Tech Industries Group, Inc. operates an online cryptocurrency trading platform in the United States More
Global Tech 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 Tech'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 Tech Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 55.38 | |||
| Information Ratio | 0.1649 | |||
| Maximum Drawdown | 4427.55 | |||
| Value At Risk | (81.25) | |||
| Potential Upside | 300.0 |
Global Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Tech's standard deviation. In reality, there are many statistical measures that can use Global Tech historical prices to predict the future Global Tech's volatility.| Risk Adjusted Performance | 0.1362 | |||
| Jensen Alpha | 76.62 | |||
| Total Risk Alpha | (0.97) | |||
| Sortino Ratio | 1.6 | |||
| Treynor Ratio | 0.9169 |
Global Tech Industries Backtested Returns
Global Tech is out of control given 3 months investment horizon. Global Tech Industries holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. We were able to collect and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 38.76% are justified by taking the suggested risk. Use Global Tech Industries Downside Deviation of 55.38, market risk adjusted performance of 0.9269, and Risk Adjusted Performance of 0.1362 to evaluate company specific risk that cannot be diversified away. Global Tech holds a performance score of 20 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 97.08, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Global Tech will likely underperform. Use Global Tech Industries treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to analyze future returns on Global Tech Industries.
Auto-correlation | -0.03 |
Very weak reverse predictability
Global Tech Industries has very weak reverse predictability. Overlapping area represents the amount of predictability between Global Tech time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Tech Industries price movement. The serial correlation of -0.03 indicates that only 3.0% of current Global Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Tech Industries lagged returns against current returns
Autocorrelation, which is Global Tech 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 Tech's pink sheet expected returns. We can calculate the autocorrelation of Global Tech returns to help us make a trade decision. For example, suppose you find that Global Tech 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 Tech 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 Tech pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Tech 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 Tech pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Global Tech Lagged Returns
When evaluating Global Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Tech pink sheet have on its future price. Global Tech 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 Tech autocorrelation shows the relationship between Global Tech pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Global Tech Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Global Pink Sheet
Global Tech 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 Tech security.