Global Connections (Thailand) Market Value
| GC Stock | THB 5.00 0.04 0.81% |
| 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.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Global Connections on November 19, 2023 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 390 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.
| Downside Deviation | 0.7805 | |||
| Information Ratio | (0.20) | |||
| 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 | (0.0009) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | (0.99) |
Global Connections Public Backtested Returns
As of now, Global Stock is very steady. Global Connections Public holds Efficiency (Sharpe) Ratio of 0.0026, which attests that the entity had a 0.0026% return per unit of risk over the last 3 months. We have found thirty technical indicators for Global Connections Public, which you can use to evaluate the volatility of the firm. Please check out Global Connections' Market Risk Adjusted Performance of (0.98), risk adjusted performance of (0.0009), and Downside Deviation of 0.7805 to validate if the risk estimate we provide is consistent with the expected return of 0.0014%. The company retains a Market Volatility (i.e., Beta) of 0.0085, 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. Global Connections Public right now retains a risk of 0.52%. Please check out Global Connections value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to decide if Global Connections will be following its current trending patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Global Connections Public has virtually no predictability. Overlapping area represents the amount of predictability between Global Connections time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 0.04 indicates that only as little as 4.0% of current Global Connections price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Global Stock
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.