Global Dominion (Spain) Market Value
| DOM Stock | EUR 2.76 0.05 1.85% |
| Symbol | Global |
Global Dominion '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 Dominion'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 Dominion.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Global Dominion on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Global Dominion Access or generate 0.0% return on investment in Global Dominion over 30 days. Global Dominion is related to or competes with Indra A, Altia Consultores. Global Dominion Access, S.A. provides multi-technology services, and specialized engineering and solutions worldwide More
Global Dominion 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 Dominion'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 Dominion Access upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.05 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 2.25 |
Global Dominion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Dominion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Dominion's standard deviation. In reality, there are many statistical measures that can use Global Dominion historical prices to predict the future Global Dominion's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.36) |
Global Dominion Access Backtested Returns
Global Dominion Access holds Efficiency (Sharpe) Ratio of -0.0081, which attests that the entity had a -0.0081% return per unit of risk over the last 3 months. Global Dominion Access exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Dominion's Market Risk Adjusted Performance of (0.35), standard deviation of 1.48, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Dominion's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Dominion is expected to be smaller as well. At this point, Global Dominion Access has a negative expected return of -0.0118%. Please make sure to check out Global Dominion's skewness, rate of daily change, and the relationship between the value at risk and accumulation distribution , to decide if Global Dominion Access performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Global Dominion Access has very weak reverse predictability. Overlapping area represents the amount of predictability between Global Dominion time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Dominion Access price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Global Dominion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Dominion Access lagged returns against current returns
Autocorrelation, which is Global Dominion 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 Dominion's stock expected returns. We can calculate the autocorrelation of Global Dominion returns to help us make a trade decision. For example, suppose you find that Global Dominion 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 Dominion 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 Dominion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Dominion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Dominion stock over time.
Current vs Lagged Prices |
| Timeline |
Global Dominion Lagged Returns
When evaluating Global Dominion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Dominion stock have on its future price. Global Dominion 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 Dominion autocorrelation shows the relationship between Global Dominion stock current value and its past values and can show if there is a momentum factor associated with investing in Global Dominion Access.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Global Stock
Global Dominion 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 Dominion security.