Global Crossing Airlines Stock Market Value
| JETMF Stock | USD 0.56 0.03 5.08% |
| Symbol | Global |
Global Crossing '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 Crossing's otc 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 Global Crossing.
| 03/09/2024 |
| 05/08/2024 |
If you would invest 0.00 in Global Crossing on March 9, 2024 and sell it all today you would earn a total of 0.00 from holding Global Crossing Airlines or generate 0.0% return on investment in Global Crossing over 60 days. Global Crossing is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, Allegiant Travel, American Airlines, and Southwest Airlines. Global Crossing Airlines Group Inc. operates in the airline business More
Global Crossing 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 Crossing's otc 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 Global Crossing Airlines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.67 | |||
| Information Ratio | 0.003 | |||
| Maximum Drawdown | 19.68 | |||
| Value At Risk | (7.55) | |||
| Potential Upside | 6.9 |
Global Crossing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Crossing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Crossing's standard deviation. In reality, there are many statistical measures that can use Global Crossing historical prices to predict the future Global Crossing's volatility.| Risk Adjusted Performance | 0.0215 | |||
| Jensen Alpha | 0.0724 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0028 | |||
| Treynor Ratio | 0.8885 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Crossing'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 Crossing Airlines Backtested Returns
Global Crossing appears to be out of control, given 3 months investment horizon. Global Crossing Airlines holds Efficiency (Sharpe) Ratio of 0.0562, which attests that the entity had a 0.0562% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Global Crossing Airlines, which you can use to evaluate the volatility of the firm. Please utilize Global Crossing's Market Risk Adjusted Performance of 0.8985, downside deviation of 4.67, and Risk Adjusted Performance of 0.0215 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Global Crossing holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 0.0879, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Crossing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Crossing is expected to be smaller as well. Please check Global Crossing's treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Global Crossing's current trending patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Global Crossing Airlines has insignificant predictability. Overlapping area represents the amount of predictability between Global Crossing time series from 9th of March 2024 to 8th of April 2024 and 8th of April 2024 to 8th 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 Global Crossing Airlines price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Global Crossing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Crossing Airlines lagged returns against current returns
Autocorrelation, which is Global Crossing otc 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 Global Crossing's otc stock expected returns. We can calculate the autocorrelation of Global Crossing returns to help us make a trade decision. For example, suppose you find that Global Crossing has exhibited high autocorrelation historically, and you observe that the otc 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 |
Global Crossing 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 Crossing otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Crossing otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Crossing otc stock over time.
Current vs Lagged Prices |
| Timeline |
Global Crossing Lagged Returns
When evaluating Global Crossing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Crossing otc stock have on its future price. Global Crossing 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 Crossing autocorrelation shows the relationship between Global Crossing otc stock current value and its past values and can show if there is a momentum factor associated with investing in Global Crossing Airlines.
Regressed Prices |
| Timeline |
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Complementary Tools for Global OTC Stock analysis
When running Global Crossing's price analysis, check to measure Global Crossing'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 Global Crossing is operating at the current time. Most of Global Crossing's value examination focuses on studying past and present price action to predict the probability of Global Crossing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Crossing's price. Additionally, you may evaluate how the addition of Global Crossing to your portfolios can decrease your overall portfolio volatility.
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Global Crossing technical otc 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, otc market cycles, or different charting patterns.