Globe Kita (Indonesia) Market Value
| GLOB Stock | IDR 68.00 0.00 0.00% |
| Symbol | Globe |
Globe Kita '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 Kita'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 Globe Kita.
| 03/06/2024 |
| 05/05/2024 |
If you would invest 0.00 in Globe Kita on March 6, 2024 and sell it all today you would earn a total of 0.00 from holding Globe Kita Terang or generate 0.0% return on investment in Globe Kita over 60 days. Globe Kita is related to or competes with Enseval Putra, Smartfren Telecom, Equity Development, and City Retail. More
Globe Kita 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 Kita'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 Globe Kita Terang upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 19.68 | |||
| Value At Risk | (9.35) | |||
| Potential Upside | 9.38 |
Globe Kita Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globe Kita's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globe Kita's standard deviation. In reality, there are many statistical measures that can use Globe Kita historical prices to predict the future Globe Kita's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | (3.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Globe Kita's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Globe Kita Terang Backtested Returns
Globe Kita Terang holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Globe Kita Terang exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globe Kita's Risk Adjusted Performance of (0.07), market risk adjusted performance of (3.97), and Standard Deviation of 4.69 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Globe Kita's returns are expected to increase less than the market. However, during the bear market, the loss of holding Globe Kita is expected to be smaller as well. Globe Kita Terang has an expected return of -0.55%. Please make sure to check out Globe Kita jensen alpha, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Globe Kita Terang performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Globe Kita Terang has no correlation between past and present. Overlapping area represents the amount of predictability between Globe Kita time series from 6th of March 2024 to 5th of April 2024 and 5th of April 2024 to 5th of May 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 Kita Terang price movement. The serial correlation of 0.0 indicates that just 0.0% of current Globe Kita price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Globe Kita Terang lagged returns against current returns
Autocorrelation, which is Globe Kita 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 Kita's stock expected returns. We can calculate the autocorrelation of Globe Kita returns to help us make a trade decision. For example, suppose you find that Globe Kita 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 Kita 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 Kita stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globe Kita stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globe Kita stock over time.
Current vs Lagged Prices |
| Timeline |
Globe Kita Lagged Returns
When evaluating Globe Kita's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globe Kita stock have on its future price. Globe Kita 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 Kita autocorrelation shows the relationship between Globe Kita stock current value and its past values and can show if there is a momentum factor associated with investing in Globe Kita Terang.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Globe Kita in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Globe Kita's short interest history, or implied volatility extrapolated from Globe Kita options trading.
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Complementary Tools for Globe Stock analysis
When running Globe Kita's price analysis, check to measure Globe Kita's 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 Kita is operating at the current time. Most of Globe Kita's value examination focuses on studying past and present price action to predict the probability of Globe Kita's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Kita's price. Additionally, you may evaluate how the addition of Globe Kita to your portfolios can decrease your overall portfolio volatility.
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Globe Kita technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.