PT Global (Germany) Market Value
| 06L Stock | 0.01 0.0005 7.69% |
| Symbol | 06L |
PT 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 PT 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 PT Global.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in PT Global on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding PT Global Mediacom or generate 0.0% return on investment in PT Global over 30 days. PT Global is related to or competes with Walt Disney, Charter Communications, Warner Music, ViacomCBS, ViacomCBS, Vivendi SE, and CTS Eventim. More
PT 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 PT 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 PT Global Mediacom upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.25 |
PT Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Global's standard deviation. In reality, there are many statistical measures that can use PT Global historical prices to predict the future PT Global's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | 1.03 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PT 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.
PT Global Mediacom Backtested Returns
PT Global Mediacom retains Efficiency (Sharpe Ratio) of -0.16, which implies the firm had a -0.16% return per unit of price deviation over the last 3 months. PT Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Global's information ratio of (0.13), and Market Risk Adjusted Performance of 1.04 to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PT Global are expected to decrease at a much lower rate. During the bear market, PT Global is likely to outperform the market. At this point, PT Global Mediacom has a negative expected return of -0.49%. Please make sure to check PT Global's mean deviation, information ratio, potential upside, as well as the relationship between the standard deviation and total risk alpha , to decide if PT Global Mediacom performance from the past will be repeated at some future date.
Auto-correlation | 0.00 |
No correlation between past and present
PT Global Mediacom has no correlation between past and present. Overlapping area represents the amount of predictability between PT Global time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 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 PT Global Mediacom price movement. The serial correlation of 0.0 indicates that just 0.0% of current PT Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PT Global Mediacom lagged returns against current returns
Autocorrelation, which is PT 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 PT Global's stock expected returns. We can calculate the autocorrelation of PT Global returns to help us make a trade decision. For example, suppose you find that PT 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 |
PT 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 PT Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Global stock over time.
Current vs Lagged Prices |
| Timeline |
PT Global Lagged Returns
When evaluating PT Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Global stock have on its future price. PT 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, PT Global autocorrelation shows the relationship between PT Global stock current value and its past values and can show if there is a momentum factor associated with investing in PT Global Mediacom.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for 06L Stock Analysis
When running PT Global's price analysis, check to measure PT 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 PT Global is operating at the current time. Most of PT Global's value examination focuses on studying past and present price action to predict the probability of PT 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 PT Global's price. Additionally, you may evaluate how the addition of PT Global to your portfolios can decrease your overall portfolio volatility.