GLG LIFE (Germany) Market Value
| 9LTN Stock | 0.02 0.00 0.00% |
| Symbol | GLG |
GLG LIFE '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 GLG LIFE'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 GLG LIFE.
| 06/11/2023 |
| 12/02/2024 |
If you would invest 0.00 in GLG LIFE on June 11, 2023 and sell it all today you would earn a total of 0.00 from holding GLG LIFE TECH or generate 0.0% return on investment in GLG LIFE over 540 days.
GLG LIFE 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 GLG LIFE'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 GLG LIFE TECH upside and downside potential and time the market with a certain degree of confidence.
GLG LIFE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GLG LIFE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GLG LIFE's standard deviation. In reality, there are many statistical measures that can use GLG LIFE historical prices to predict the future GLG LIFE's volatility.GLG LIFE TECH Backtested Returns
We have found three technical indicators for GLG LIFE TECH, 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 GLG LIFE are completely uncorrelated.
Auto-correlation | -0.06 |
Very weak reverse predictability
GLG LIFE TECH has very weak reverse predictability. Overlapping area represents the amount of predictability between GLG LIFE time series from 11th of June 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 GLG LIFE TECH price movement. The serial correlation of -0.06 indicates that barely 6.0% of current GLG LIFE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GLG LIFE TECH lagged returns against current returns
Autocorrelation, which is GLG LIFE 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 GLG LIFE's stock expected returns. We can calculate the autocorrelation of GLG LIFE returns to help us make a trade decision. For example, suppose you find that GLG LIFE 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 |
GLG LIFE 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 GLG LIFE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GLG LIFE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GLG LIFE stock over time.
Current vs Lagged Prices |
| Timeline |
GLG LIFE Lagged Returns
When evaluating GLG LIFE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GLG LIFE stock have on its future price. GLG LIFE 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, GLG LIFE autocorrelation shows the relationship between GLG LIFE stock current value and its past values and can show if there is a momentum factor associated with investing in GLG LIFE TECH.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for GLG Stock Analysis
When running GLG LIFE's price analysis, check to measure GLG LIFE'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 GLG LIFE is operating at the current time. Most of GLG LIFE's value examination focuses on studying past and present price action to predict the probability of GLG LIFE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GLG LIFE's price. Additionally, you may evaluate how the addition of GLG LIFE to your portfolios can decrease your overall portfolio volatility.