GP Global (Israel) Market Value
| GPGB Stock | 1,632 0.00 0.00% |
| Symbol | GPGB |
GP Global '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 GP Global'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 GP Global.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in GP Global on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding GP Global Power or generate 0.0% return on investment in GP Global over 720 days. GP Global is related to or competes with Hod Assaf, Infimer, Carmit, Afcon Holdings, Bram Indus, and Alony Hetz. More
GP Global 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 GP Global'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 GP Global Power upside and downside potential and time the market with a certain degree of confidence.
GP Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GP Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GP Global's standard deviation. In reality, there are many statistical measures that can use GP Global historical prices to predict the future GP Global's volatility.GP Global Power Backtested Returns
We have found three technical indicators for GP Global, which you can use to evaluate the volatility of the firm. The company owns a Beta (Systematic Risk) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and GP Global are completely uncorrelated.
Auto-correlation | -0.67 |
Very good reverse predictability
GP Global Power has very good reverse predictability. Overlapping area represents the amount of predictability between GP Global time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 GP Global Power price movement. The serial correlation of -0.67 indicates that around 67.0% of current GP Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 20.9 K |
GP Global Power lagged returns against current returns
Autocorrelation, which is GP Global 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 GP Global's stock expected returns. We can calculate the autocorrelation of GP Global returns to help us make a trade decision. For example, suppose you find that GP Global 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 |
GP Global 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 GP Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GP Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GP Global stock over time.
Current vs Lagged Prices |
| Timeline |
GP Global Lagged Returns
When evaluating GP Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GP Global stock have on its future price. GP Global 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, GP Global autocorrelation shows the relationship between GP Global stock current value and its past values and can show if there is a momentum factor associated with investing in GP Global Power.
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.Other Information on Investing in GPGB Stock
GP Global financial ratios help investors to determine whether GPGB 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 GPGB with respect to the benefits of owning GP Global security.