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.
| 03/21/2024 |
| 05/20/2024 |
If you would invest 0.00 in GP Global on March 21, 2024 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 60 days. GP Global is related to or competes with Amot Investments, Isras Investment, Aura Investments, Sure Tech, Harel Insurance, and Ram On. 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.
| Information Ratio | 0.2021 | |||
| Maximum Drawdown | 20.66 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 4.25 |
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.| Risk Adjusted Performance | 0.1491 | |||
| Jensen Alpha | 0.5734 | |||
| Total Risk Alpha | 0.2146 | |||
| Treynor Ratio | 1.94 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GP Global'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.
GP Global Power Backtested Returns
GP Global appears to be very steady, given 3 months investment horizon. GP Global Power retains Efficiency (Sharpe Ratio) of 0.35, which attests that the entity had a 0.35% return per unit of price deviation over the last 3 months. We have found nineteen technical indicators for GP Global, which you can use to evaluate the volatility of the firm. Please utilize GP Global's Information Ratio of 0.2021, coefficient of variation of 414.38, and Market Risk Adjusted Performance of 1.95 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GP Global holds a performance score of 27. The company owns a Beta (Systematic Risk) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GP Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding GP Global is expected to be smaller as well. Please check GP Global's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to make a quick decision on whether GP Global's current price history will revert.
Auto-correlation | 0.00 |
No correlation between past and present
GP Global Power has no correlation between past and present. Overlapping area represents the amount of predictability between GP Global time series from 21st of March 2024 to 20th of April 2024 and 20th of April 2024 to 20th of May 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 0.0 indicates that just 0.0% of current GP Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 3168.08 |
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.Check out GP Global Correlation, GP Global Volatility and GP Global Alpha and Beta module to complement your research on GP Global. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for GPGB Stock analysis
When running GP Global's price analysis, check to measure GP Global'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 GP Global is operating at the current time. Most of GP Global's value examination focuses on studying past and present price action to predict the probability of GP Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GP Global's price. Additionally, you may evaluate how the addition of GP Global to your portfolios can decrease your overall portfolio volatility.
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GP Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.