Global Stock Market Value

CO
 Stock
  

USD 2.99  0.00  0.00%   

Global Cord's market value is the price at which a share of Global Cord stock trades on a public exchange. It measures the collective expectations of Global Cord Blood investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Global Cord Blood and determine expected loss or profit from investing in Global Cord over a given investment horizon. Continue to Global Cord Correlation, Global Cord Volatility and Global Cord Alpha and Beta module to complement your research on Global Cord.
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Is Global Cord's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Global Cord. If investors know Global will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Global Cord listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Global Cord Blood is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global Cord's value that differs from its market value or its book value, called intrinsic value, which is Global Cord's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Global Cord's market value can be influenced by many factors that don't directly affect Global Cord's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Global Cord's value and its price as these two are different measures arrived at by different means. Investors typically determine Global Cord value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Cord's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Global Cord '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 Cord'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 Global Cord.
0.00
10/17/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
10/07/2022
0.00
If you would invest  0.00  in Global Cord on October 17, 2020 and sell it all today you would earn a total of 0.00 from holding Global Cord Blood or generate 0.0% return on investment in Global Cord over 720 days. Global Cord is related to or competes with Amazon. Global Cord Blood Corporation, together with its subsidiaries, provides umbilical cord blood storage and ancillary servi... More

Global Cord 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 Cord'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 Global Cord Blood upside and downside potential and time the market with a certain degree of confidence.

Global Cord Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Cord's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Cord's standard deviation. In reality, there are many statistical measures that can use Global Cord historical prices to predict the future Global Cord's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Global Cord'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. Please use the tools below to analyze the current value of Global Cord in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.152.988.85
Details
Intrinsic
Valuation
LowReal ValueHigh
0.183.709.57
Details
1 Analysts
Consensus
LowTarget PriceHigh
6.506.506.50
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Global Cord. Your research has to be compared to or analyzed against Global Cord's peers to derive any actionable benefits. When done correctly, Global Cord's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Global Cord Blood.

Global Cord Blood Backtested Returns

Global Cord appears to be very risky, given 3 months investment horizon. Global Cord Blood holds Efficiency (Sharpe) Ratio of 0.0637, which attests that the entity had 0.0637% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Global Cord Blood, which you can use to evaluate the future volatility of the firm. Please utilize Global Cord's Downside Deviation of 4.66, market risk adjusted performance of (1.54), and Risk Adjusted Performance of 0.0458 to validate if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Global Cord holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of -0.1104, which attests to not very significant fluctuations relative to the market. Let's try to break down what Global's beta means in this case. As returns on the market increase, returns on owning Global Cord are expected to decrease at a much lower rate. During the bear market, Global Cord is likely to outperform the market. Although it is vital to follow Global Cord Blood current price history, it is good to be conservative about what you can do with the information regarding equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Global Cord Blood technical indicators, you can presently evaluate if the expected return of 0.37% will be sustainable into the future. Please utilizes Global Cord jensen alpha, as well as the relationship between the potential upside and skewness to make a quick decision on whether Global Cord Blood current trending patterns will revert.

Auto-correlation

    
  -0.67  

Very good reverse predictability

Global Cord Blood has very good reverse predictability. Overlapping area represents the amount of predictability between Global Cord time series from 17th of October 2020 to 12th of October 2021 and 12th of October 2021 to 7th of October 2022. 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 Cord Blood price movement. The serial correlation of -0.67 indicates that around 67.0% of current Global Cord price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test-0.62
Residual Average0.0
Price Variance0.63

Global Cord Blood lagged returns against current returns

Autocorrelation, which is Global Cord 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 Cord's stock expected returns. We can calculate the autocorrelation of Global Cord returns to help us make a trade decision. For example, suppose you find that Global Cord stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Global Cord 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 Cord stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Cord stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Cord stock over time.
   Current vs Lagged Prices   
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       Timeline  

Global Cord Lagged Returns

When evaluating Global Cord's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Cord stock have on its future price. Global Cord 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 Cord autocorrelation shows the relationship between Global Cord stock current value and its past values and can show if there is a momentum factor associated with investing in Global Cord Blood.
   Regressed Prices   
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       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 Global Cord 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, Global Cord's short interest history, or implied volatility extrapolated from Global Cord options trading.

Pair Trading with Global Cord

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Global Cord position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Global Cord will appreciate offsetting losses from the drop in the long position's value.

Moving against Global Cord

-0.53DISWalt Disney Fiscal Year End 9th of November 2022 PairCorr
The ability to find closely correlated positions to Global Cord could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Cord when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Cord - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Cord Blood to buy it.
The correlation of Global Cord is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Cord moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Cord Blood moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Global Cord can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Global Cord Correlation, Global Cord Volatility and Global Cord Alpha and Beta module to complement your research on Global Cord. You can also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for analysis

When running Global Cord Blood price analysis, check to measure Global Cord'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 Cord is operating at the current time. Most of Global Cord's value examination focuses on studying past and present price action to predict the probability of Global Cord's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Global Cord's price. Additionally, you may evaluate how the addition of Global Cord to your portfolios can decrease your overall portfolio volatility.
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Global Cord 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.
A focus of Global Cord technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Global Cord trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...