Galecto Debt To Assets from 2010 to 2026
| GLTO Stock | USD 27.36 1.12 4.27% |
Debt To Assets | First Reported 2010-12-31 | Previous Quarter 0.003835 | Current Value 0.005238 | Quarterly Volatility 0.00153763 |
Check Galecto financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Galecto's main balance sheet or income statement drivers, such as Net Interest Income of 1 M, Depreciation And Amortization of 354.2 K or Interest Expense of 617.9 K, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 0.37. Galecto financial statements analysis is a perfect complement when working with Galecto Valuation or Volatility modules.
Galecto | Debt To Assets | Build AI portfolio with Galecto Stock |
Evaluating Galecto's Debt To Assets across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Galecto's fundamental strength.
Latest Galecto's Debt To Assets Growth Pattern
Below is the plot of the Debt To Assets of Galecto over the last few years. It is Galecto's Debt To Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Galecto's overall financial position and show how it may be relating to other accounts over time.
| Debt To Assets | 10 Years Trend |
|
Debt To Assets |
| Timeline |
Galecto Debt To Assets Regression Statistics
| Arithmetic Mean | 0.01 | |
| Geometric Mean | 0.01 | |
| Coefficient Of Variation | 27.30 | |
| Mean Deviation | 0.0009 | |
| Median | 0.01 | |
| Standard Deviation | 0 | |
| Sample Variance | 0.00000236 | |
| Range | 0.0072 | |
| R-Value | 0.15 | |
| Mean Square Error | 0.00000247 | |
| R-Squared | 0.02 | |
| Significance | 0.58 | |
| Slope | 0.000044 | |
| Total Sum of Squares | 0.000038 |
Galecto Debt To Assets History
About Galecto Financial Statements
Galecto investors utilize fundamental indicators, such as Debt To Assets, to predict how Galecto Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Debt To Assets | 0.00 | 0.01 |
Pair Trading with Galecto
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 Galecto 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 Galecto will appreciate offsetting losses from the drop in the long position's value.Moving together with Galecto Stock
| 0.73 | ENTA | Enanta Pharmaceuticals Earnings Call This Week | PairCorr |
Moving against Galecto Stock
| 0.74 | HUMA | Humacyte | PairCorr |
| 0.63 | DNA | Ginkgo Bioworks Holdings | PairCorr |
| 0.45 | MYGN | Myriad Genetics | PairCorr |
| 0.33 | EVAX | Evaxion Biotech AS | PairCorr |
| 0.32 | LTRN | Lantern Pharma | PairCorr |
The ability to find closely correlated positions to Galecto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Galecto 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 Galecto - 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 Galecto to buy it.
The correlation of Galecto is a statistical measure of how it moves in relation to other instruments. 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 Galecto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Galecto 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 Galecto 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.Check out the analysis of Galecto Correlation against competitors. To learn how to invest in Galecto Stock, please use our How to Invest in Galecto guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Will Biotechnology sector continue expanding? Could Galecto diversify its offerings? Factors like these will boost the valuation of Galecto. Market participants price Galecto higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Galecto data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
The market value of Galecto is measured differently than its book value, which is the value of Galecto that is recorded on the company's balance sheet. Investors also form their own opinion of Galecto's value that differs from its market value or its book value, called intrinsic value, which is Galecto's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Galecto's market value can be influenced by many factors that don't directly affect Galecto'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 Galecto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Galecto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Galecto's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.