Globus Spirits (India) Market Value

GLOBUSSPR   897.90  9.35  1.03%   
Globus Spirits' market value is the price at which a share of Globus Spirits trades on a public exchange. It measures the collective expectations of Globus Spirits Limited investors about its performance. Globus Spirits is selling for under 897.90 as of the 10th of December 2024; that is 1.03 percent decrease since the beginning of the trading day. The stock's lowest day price was 893.0.
With this module, you can estimate the performance of a buy and hold strategy of Globus Spirits Limited and determine expected loss or profit from investing in Globus Spirits over a given investment horizon. Check out Globus Spirits Correlation, Globus Spirits Volatility and Globus Spirits Alpha and Beta module to complement your research on Globus Spirits.
Symbol

Please note, there is a significant difference between Globus Spirits' value and its price as these two are different measures arrived at by different means. Investors typically determine if Globus Spirits is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globus Spirits' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Globus Spirits '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 Globus Spirits' 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 Globus Spirits.
0.00
09/11/2024
No Change 0.00  0.0 
In 3 months and 1 day
12/10/2024
0.00
If you would invest  0.00  in Globus Spirits on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Globus Spirits Limited or generate 0.0% return on investment in Globus Spirits over 90 days. Globus Spirits is related to or competes with ADF Foods, Agro Tech, Praxis Home, Univa Foods, Ami Organics, Yatra Online, and Osia Hyper. Globus Spirits is entity of India. It is traded as Stock on NSE exchange. More

Globus Spirits 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 Globus Spirits' 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 Globus Spirits Limited upside and downside potential and time the market with a certain degree of confidence.

Globus Spirits Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Globus Spirits' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globus Spirits' standard deviation. In reality, there are many statistical measures that can use Globus Spirits historical prices to predict the future Globus Spirits' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Globus Spirits' 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.
Hype
Prediction
LowEstimatedHigh
839.09842.50987.69
Details
Intrinsic
Valuation
LowRealHigh
889.77893.18987.69
Details
Naive
Forecast
LowNextHigh
1,0321,0361,039
Details
Earnings
Estimates (0)
LowProjected EPSHigh
25.5025.5025.50
Details

Globus Spirits Backtested Returns

Globus Spirits holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Globus Spirits exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globus Spirits' Standard Deviation of 3.75, market risk adjusted performance of (0.13), and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.41, 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, Globus Spirits will likely underperform. At this point, Globus Spirits has a negative expected return of -0.44%. Please make sure to check out Globus Spirits' skewness, as well as the relationship between the day median price and relative strength index , to decide if Globus Spirits performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.64  

Good predictability

Globus Spirits Limited has good predictability. Overlapping area represents the amount of predictability between Globus Spirits time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Globus Spirits price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Globus Spirits price fluctuation can be explain by its past prices.
Correlation Coefficient0.64
Spearman Rank Test0.33
Residual Average0.0
Price Variance10.1 K

Globus Spirits lagged returns against current returns

Autocorrelation, which is Globus Spirits 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 Globus Spirits' stock expected returns. We can calculate the autocorrelation of Globus Spirits returns to help us make a trade decision. For example, suppose you find that Globus Spirits 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  

Globus Spirits 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 Globus Spirits stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globus Spirits stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globus Spirits stock over time.
   Current vs Lagged Prices   
       Timeline  

Globus Spirits Lagged Returns

When evaluating Globus Spirits' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globus Spirits stock have on its future price. Globus Spirits 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, Globus Spirits autocorrelation shows the relationship between Globus Spirits stock current value and its past values and can show if there is a momentum factor associated with investing in Globus Spirits Limited.
   Regressed Prices   
       Timeline  

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Additional Tools for Globus Stock Analysis

When running Globus Spirits' price analysis, check to measure Globus Spirits' 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 Globus Spirits is operating at the current time. Most of Globus Spirits' value examination focuses on studying past and present price action to predict the probability of Globus Spirits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Spirits' price. Additionally, you may evaluate how the addition of Globus Spirits to your portfolios can decrease your overall portfolio volatility.