Global Hemp Group Stock Market Value
| GBHPF Stock | USD 0.07 0 2.86% |
| Symbol | Global |
Global Hemp '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 Hemp's pink sheet 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 Hemp.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in Global Hemp on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding Global Hemp Group or generate 0.0% return on investment in Global Hemp over 90 days. Global Hemp is related to or competes with Trulieve Cannabis, and Cronos. Global Hemp Group Inc. engages in the production and processing of industrial hemp in the United States More
Global Hemp 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 Hemp's pink sheet 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 Hemp Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 31.65 | |||
| Information Ratio | 0.1649 | |||
| Maximum Drawdown | 258.18 | |||
| Value At Risk | (40.00) | |||
| Potential Upside | 86.36 |
Global Hemp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Hemp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Hemp's standard deviation. In reality, there are many statistical measures that can use Global Hemp historical prices to predict the future Global Hemp's volatility.| Risk Adjusted Performance | 0.1125 | |||
| Jensen Alpha | 6.56 | |||
| Total Risk Alpha | 6.96 | |||
| Sortino Ratio | 0.2087 | |||
| Treynor Ratio | (0.93) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Hemp'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 Hemp Group Backtested Returns
Global Hemp is out of control given 3 months investment horizon. Global Hemp Group holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 6.3% are justified by taking the suggested risk. Use Global Hemp Group Market Risk Adjusted Performance of (0.92), downside deviation of 31.65, and Risk Adjusted Performance of 0.1125 to evaluate company specific risk that cannot be diversified away. Global Hemp holds a performance score of 12 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -7.13, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Global Hemp are expected to decrease by larger amounts. On the other hand, during market turmoil, Global Hemp is expected to outperform it. Use Global Hemp Group treynor ratio and the relationship between the downside variance and day typical price , to analyze future returns on Global Hemp Group.
Auto-correlation | -0.24 |
Weak reverse predictability
Global Hemp Group has weak reverse predictability. Overlapping area represents the amount of predictability between Global Hemp time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 Hemp Group price movement. The serial correlation of -0.24 indicates that over 24.0% of current Global Hemp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Hemp Group lagged returns against current returns
Autocorrelation, which is Global Hemp pink sheet'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 Hemp's pink sheet expected returns. We can calculate the autocorrelation of Global Hemp returns to help us make a trade decision. For example, suppose you find that Global Hemp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Hemp 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 Hemp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Hemp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Hemp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Global Hemp Lagged Returns
When evaluating Global Hemp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Hemp pink sheet have on its future price. Global Hemp 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 Hemp autocorrelation shows the relationship between Global Hemp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Global Hemp Group.
Regressed Prices |
| Timeline |
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Other Information on Investing in Global Pink Sheet
Global Hemp financial ratios help investors to determine whether Global Pink Sheet 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 Hemp security.