Global Connections (Thailand) Market Value
| GC Stock | THB 4.98 0.02 0.40% |
| Symbol | Global |
Global Connections '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 Connections' 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 Connections.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Global Connections on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Global Connections Public or generate 0.0% return on investment in Global Connections over 30 days. Global Connections is related to or competes with Tata Steel, TTCL Public, Thaifoods Group, and TMT Steel. Global Connections Public Company Limited engages in the wholesale of plastic and plastic-related products in Thailand More
Global Connections 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 Connections' 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 Connections Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.4 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.0 |
Global Connections Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Connections' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Connections' standard deviation. In reality, there are many statistical measures that can use Global Connections historical prices to predict the future Global Connections' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (1.20) |
Global Connections Public Backtested Returns
Global Connections Public holds Efficiency (Sharpe) Ratio of -0.0099, which attests that the entity had a -0.0099% return per unit of risk over the last 3 months. Global Connections Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Connections' Risk Adjusted Performance of (0.01), market risk adjusted performance of (1.19), and Standard Deviation of 0.5635 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0121, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Connections' returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Connections is expected to be smaller as well. At this point, Global Connections Public has a negative expected return of -0.0052%. Please make sure to check out Global Connections' maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Global Connections Public performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Global Connections Public has poor reverse predictability. Overlapping area represents the amount of predictability between Global Connections 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 Connections Public price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Global Connections price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Connections Public lagged returns against current returns
Autocorrelation, which is Global Connections 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 Connections' stock expected returns. We can calculate the autocorrelation of Global Connections returns to help us make a trade decision. For example, suppose you find that Global Connections 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 Connections 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 Connections stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Connections stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Connections stock over time.
Current vs Lagged Prices |
| Timeline |
Global Connections Lagged Returns
When evaluating Global Connections' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Connections stock have on its future price. Global Connections 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 Connections autocorrelation shows the relationship between Global Connections stock current value and its past values and can show if there is a momentum factor associated with investing in Global Connections Public.
Regressed Prices |
| Timeline |
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Global Connections 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 Connections security.