Globe Life Stock Probability of Future Stock Price Finishing Under 109.05
| GL Stock | USD 111.24 0.46 0.41% |
Globe |
Globe Life Target Price Odds to finish below 109.05
The tendency of Globe Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 109.05 or more in 90 days |
| 111.24 | 90 days | 109.05 | about 76.6 |
Based on a normal probability distribution, the odds of Globe Life to drop to $ 109.05 or more in 90 days from now is about 76.6 (This Globe Life probability density function shows the probability of Globe Stock to fall within a particular range of prices over 90 days) . Probability of Globe Life price to stay between $ 109.05 and its current price of $111.24 at the end of the 90-day period is about 16.36 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 1.08 . This usually indicates Globe Life market returns are very sensitive to returns on the market. As the market goes up or down, Globe Life is expected to follow. Additionally Globe Life has an alpha of 0.0206, implying that it can generate a 0.0206 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Globe Life Price Density |
| Price |
Predictive Modules for Globe Life
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Globe Life. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Globe Life Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Globe Life is not an exception. The market had few large corrections towards the Globe Life's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Globe Life, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Globe Life within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | 1.08 | |
σ | Overall volatility | 2.88 | |
Ir | Information ratio | 0.02 |
Globe Life Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Globe Life for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Globe Life can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Globe Life reports 2.12 B of total liabilities with total debt to equity ratio (D/E) of 0.47, which is normal for its line of buisiness. Globe Life has a current ratio of 0.61, implying that it has not enough working capital to pay out debt commitments in time. Note however, debt could still be an excellent tool for Globe to invest in growth at high rates of return. | |
| Globe Life has a strong financial position based on the latest SEC filings | |
| Over 85.0% of Globe Life shares are owned by institutional investors | |
| On 1st of November 2024 Globe Life paid $ 0.24 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Jim Cramer on Globe Life Inc. Its Not Exciting, Its Not Boring, Its Just Fine |
Globe Life Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Globe Stock often depends not only on the future outlook of the current and potential Globe Life's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Globe Life's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 96.4 M | |
| Cash And Short Term Investments | 103.2 M |
Globe Life Technical Analysis
Globe Life's future price can be derived by breaking down and analyzing its technical indicators over time. Globe Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Globe Life. In general, you should focus on analyzing Globe Stock price patterns and their correlations with different microeconomic environments and drivers.
Globe Life Predictive Forecast Models
Globe Life's time-series forecasting models is one of many Globe Life's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Globe Life's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Globe Life
Checking the ongoing alerts about Globe Life for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Globe Life help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Globe Life reports 2.12 B of total liabilities with total debt to equity ratio (D/E) of 0.47, which is normal for its line of buisiness. Globe Life has a current ratio of 0.61, implying that it has not enough working capital to pay out debt commitments in time. Note however, debt could still be an excellent tool for Globe to invest in growth at high rates of return. | |
| Globe Life has a strong financial position based on the latest SEC filings | |
| Over 85.0% of Globe Life shares are owned by institutional investors | |
| On 1st of November 2024 Globe Life paid $ 0.24 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Jim Cramer on Globe Life Inc. Its Not Exciting, Its Not Boring, Its Just Fine |
Check out Globe Life Backtesting, Globe Life Valuation, Globe Life Correlation, Globe Life Hype Analysis, Globe Life Volatility, Globe Life History as well as Globe Life Performance. For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Life & Health Insurance space 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 Globe Life. If investors know Globe 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 Globe Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.284 | Dividend Share 0.945 | Earnings Share 11.8 | Revenue Per Share 62.39 | Quarterly Revenue Growth 0.052 |
The market value of Globe Life is measured differently than its book value, which is the value of Globe that is recorded on the company's balance sheet. Investors also form their own opinion of Globe Life's value that differs from its market value or its book value, called intrinsic value, which is Globe Life'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 Globe Life's market value can be influenced by many factors that don't directly affect Globe Life'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 Globe Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globe Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globe Life'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.