GlaxoSmithKline Plc (Mexico) Market Value
| GSKN Stock | MXN 655.00 0.00 0.00% |
| Symbol | GlaxoSmithKline |
GlaxoSmithKline Plc '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 GlaxoSmithKline Plc'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 GlaxoSmithKline Plc.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in GlaxoSmithKline Plc on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding GlaxoSmithKline plc or generate 0.0% return on investment in GlaxoSmithKline Plc over 30 days. GlaxoSmithKline Plc is related to or competes with Air Transport, Grupo Sports, Verizon Communications, Southern Copper, First Majestic, and McEwen Mining. GSK plc, together with its subsidiaries, engages in the creation, discovery, development, manufacture, and marketing of ... More
GlaxoSmithKline Plc 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 GlaxoSmithKline Plc'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 GlaxoSmithKline plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.55 | |||
| Potential Upside | 0.2429 |
GlaxoSmithKline Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GlaxoSmithKline Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GlaxoSmithKline Plc's standard deviation. In reality, there are many statistical measures that can use GlaxoSmithKline Plc historical prices to predict the future GlaxoSmithKline Plc's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GlaxoSmithKline Plc'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.
GlaxoSmithKline plc Backtested Returns
GlaxoSmithKline plc holds Efficiency (Sharpe) Ratio of -0.0326, which attests that the entity had a -0.0326% return per unit of standard deviation over the last 3 months. GlaxoSmithKline plc exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GlaxoSmithKline Plc's risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GlaxoSmithKline Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding GlaxoSmithKline Plc is expected to be smaller as well. GlaxoSmithKline plc has an expected return of -0.0345%. Please make sure to check out GlaxoSmithKline Plc market risk adjusted performance, coefficient of variation, variance, as well as the relationship between the mean deviation and standard deviation , to decide if GlaxoSmithKline plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -92,233,720,368,547,760 |
Near perfect reversele predictability
GlaxoSmithKline plc has near perfect reversele predictability. Overlapping area represents the amount of predictability between GlaxoSmithKline Plc time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 GlaxoSmithKline plc price movement. The serial correlation of -9.223372036854776E16 indicates that 9.223372036854776E16% of current GlaxoSmithKline Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -92233.7 T | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GlaxoSmithKline plc lagged returns against current returns
Autocorrelation, which is GlaxoSmithKline Plc 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 GlaxoSmithKline Plc's stock expected returns. We can calculate the autocorrelation of GlaxoSmithKline Plc returns to help us make a trade decision. For example, suppose you find that GlaxoSmithKline Plc 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 |
GlaxoSmithKline Plc 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 GlaxoSmithKline Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GlaxoSmithKline Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GlaxoSmithKline Plc stock over time.
Current vs Lagged Prices |
| Timeline |
GlaxoSmithKline Plc Lagged Returns
When evaluating GlaxoSmithKline Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GlaxoSmithKline Plc stock have on its future price. GlaxoSmithKline Plc 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, GlaxoSmithKline Plc autocorrelation shows the relationship between GlaxoSmithKline Plc stock current value and its past values and can show if there is a momentum factor associated with investing in GlaxoSmithKline plc.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards GlaxoSmithKline Plc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, GlaxoSmithKline Plc's short interest history, or implied volatility extrapolated from GlaxoSmithKline Plc options trading.
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Complementary Tools for GlaxoSmithKline Stock analysis
When running GlaxoSmithKline Plc's price analysis, check to measure GlaxoSmithKline Plc'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 GlaxoSmithKline Plc is operating at the current time. Most of GlaxoSmithKline Plc's value examination focuses on studying past and present price action to predict the probability of GlaxoSmithKline Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GlaxoSmithKline Plc's price. Additionally, you may evaluate how the addition of GlaxoSmithKline Plc to your portfolios can decrease your overall portfolio volatility.
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