Global Fashion (Germany) Market Value
| GFG Stock | 0.24 0.01 4.35% |
| Symbol | Global |
Global Fashion '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 Fashion'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 Fashion.
| 08/06/2024 |
| 12/04/2024 |
If you would invest 0.00 in Global Fashion on August 6, 2024 and sell it all today you would earn a total of 0.00 from holding Global Fashion Group or generate 0.0% return on investment in Global Fashion over 120 days. Global Fashion is related to or competes with CARSALES, FLOW TRADERS, Canon Marketing, Perseus Mining, CHINA EDUCATION, SIDETRADE, and Carsales. More
Global Fashion 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 Fashion'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 Fashion Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.96 | |||
| Information Ratio | 0.0208 | |||
| Maximum Drawdown | 47.69 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 7.69 |
Global Fashion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Fashion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Fashion's standard deviation. In reality, there are many statistical measures that can use Global Fashion historical prices to predict the future Global Fashion's volatility.| Risk Adjusted Performance | 0.0384 | |||
| Jensen Alpha | 0.1069 | |||
| Total Risk Alpha | (0.62) | |||
| Sortino Ratio | 0.0219 | |||
| Treynor Ratio | 0.1903 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Fashion'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.
Global Fashion Group Backtested Returns
Global Fashion appears to be out of control, given 3 months investment horizon. Global Fashion Group holds Efficiency (Sharpe) Ratio of 0.0612, which attests that the entity had a 0.0612% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Global Fashion Group, which you can use to evaluate the volatility of the firm. Please utilize Global Fashion's Downside Deviation of 5.96, market risk adjusted performance of 0.2003, and Risk Adjusted Performance of 0.0384 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Global Fashion holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 1.23, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Global Fashion will likely underperform. Please check Global Fashion's treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Global Fashion's current trending patterns will revert.
Auto-correlation | 0.42 |
Average predictability
Global Fashion Group has average predictability. Overlapping area represents the amount of predictability between Global Fashion time series from 6th of August 2024 to 5th of October 2024 and 5th of October 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 Fashion Group price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Global Fashion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Fashion Group lagged returns against current returns
Autocorrelation, which is Global Fashion 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 Fashion's stock expected returns. We can calculate the autocorrelation of Global Fashion returns to help us make a trade decision. For example, suppose you find that Global Fashion 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 Fashion 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 Fashion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Fashion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Fashion stock over time.
Current vs Lagged Prices |
| Timeline |
Global Fashion Lagged Returns
When evaluating Global Fashion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Fashion stock have on its future price. Global Fashion 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 Fashion autocorrelation shows the relationship between Global Fashion stock current value and its past values and can show if there is a momentum factor associated with investing in Global Fashion Group.
Regressed Prices |
| Timeline |
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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.Additional Tools for Global Stock Analysis
When running Global Fashion's price analysis, check to measure Global Fashion'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 Global Fashion is operating at the current time. Most of Global Fashion's value examination focuses on studying past and present price action to predict the probability of Global Fashion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Fashion's price. Additionally, you may evaluate how the addition of Global Fashion to your portfolios can decrease your overall portfolio volatility.