Glarner Kantonalbank (Switzerland) Market Value
| GLKBN Stock | CHF 21.20 0.10 0.47% |
| Symbol | Glarner |
Glarner Kantonalbank '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 Glarner Kantonalbank'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 Glarner Kantonalbank.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Glarner Kantonalbank on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Glarner Kantonalbank or generate 0.0% return on investment in Glarner Kantonalbank over 60 days. Glarner Kantonalbank is related to or competes with Berner Kantonalbank, Luzerner Kantonalbank, Banque Cantonale, Liechtensteinische, and St Galler. Glarner Kantonalbank provides various banking products and services for private and corporate customers primarily in the... More
Glarner Kantonalbank 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 Glarner Kantonalbank'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 Glarner Kantonalbank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.67 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.38 |
Glarner Kantonalbank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Glarner Kantonalbank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Glarner Kantonalbank's standard deviation. In reality, there are many statistical measures that can use Glarner Kantonalbank historical prices to predict the future Glarner Kantonalbank's volatility.| Risk Adjusted Performance | 0.0031 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.16) |
Glarner Kantonalbank Backtested Returns
Currently, Glarner Kantonalbank is very steady. Glarner Kantonalbank holds Efficiency (Sharpe) Ratio of 0.0039, which attests that the entity had a 0.0039% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Glarner Kantonalbank, which you can use to evaluate the volatility of the firm. Please check out Glarner Kantonalbank's market risk adjusted performance of (0.15), and Risk Adjusted Performance of 0.0031 to validate if the risk estimate we provide is consistent with the expected return of 0.003%. The company retains a Market Volatility (i.e., Beta) of 0.0432, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Glarner Kantonalbank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Glarner Kantonalbank is expected to be smaller as well. Glarner Kantonalbank right now retains a risk of 0.78%. Please check out Glarner Kantonalbank value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Glarner Kantonalbank will be following its current trending patterns.
Auto-correlation | -0.58 |
Good reverse predictability
Glarner Kantonalbank has good reverse predictability. Overlapping area represents the amount of predictability between Glarner Kantonalbank time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th of November 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 Glarner Kantonalbank price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Glarner Kantonalbank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Glarner Kantonalbank lagged returns against current returns
Autocorrelation, which is Glarner Kantonalbank 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 Glarner Kantonalbank's stock expected returns. We can calculate the autocorrelation of Glarner Kantonalbank returns to help us make a trade decision. For example, suppose you find that Glarner Kantonalbank 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 |
Glarner Kantonalbank 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 Glarner Kantonalbank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Glarner Kantonalbank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Glarner Kantonalbank stock over time.
Current vs Lagged Prices |
| Timeline |
Glarner Kantonalbank Lagged Returns
When evaluating Glarner Kantonalbank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Glarner Kantonalbank stock have on its future price. Glarner Kantonalbank 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, Glarner Kantonalbank autocorrelation shows the relationship between Glarner Kantonalbank stock current value and its past values and can show if there is a momentum factor associated with investing in Glarner Kantonalbank.
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.Additional Tools for Glarner Stock Analysis
When running Glarner Kantonalbank's price analysis, check to measure Glarner Kantonalbank'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 Glarner Kantonalbank is operating at the current time. Most of Glarner Kantonalbank's value examination focuses on studying past and present price action to predict the probability of Glarner Kantonalbank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glarner Kantonalbank's price. Additionally, you may evaluate how the addition of Glarner Kantonalbank to your portfolios can decrease your overall portfolio volatility.