Global Lights Acquisition Stock Probability of Future Stock Price Finishing Over 10.76
GLAC Stock | USD 10.62 0.01 0.09% |
Global |
Global Lights Target Price Odds to finish over 10.76
The tendency of Global 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 move over $ 10.76 or more in 90 days |
10.62 | 90 days | 10.76 | near 1 |
Based on a normal probability distribution, the odds of Global Lights to move over $ 10.76 or more in 90 days from now is near 1 (This Global Lights Acquisition probability density function shows the probability of Global Stock to fall within a particular range of prices over 90 days) . Probability of Global Lights Acquisition price to stay between its current price of $ 10.62 and $ 10.76 at the end of the 90-day period is about 8.06 .
Given the investment horizon of 90 days Global Lights Acquisition has a beta of -0.0023. This usually indicates as returns on the benchmark increase, returns on holding Global Lights are expected to decrease at a much lower rate. During a bear market, however, Global Lights Acquisition is likely to outperform the market. Additionally Global Lights Acquisition has an alpha of 0.0221, implying that it can generate a 0.0221 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Global Lights Price Density |
Price |
Predictive Modules for Global Lights
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Global Lights Acquisition. 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.Global Lights Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Global Lights is not an exception. The market had few large corrections towards the Global Lights' 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 Global Lights Acquisition, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Global Lights within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | -0.0023 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.53 |
Global Lights 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 Global Lights for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Global Lights Acquisition can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.Global Lights Acquisition currently holds 2.64 M in liabilities with Debt to Equity (D/E) ratio of 18.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Global Lights Acquisition has a current ratio of 0.82, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Global Lights' use of debt, we should always consider it together with its cash and equity. | |
Global Lights Acquisition currently holds about 192 K in cash with (1.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09. | |
Roughly 67.0% of Global Lights shares are owned by institutional investors | |
Latest headline from gurufocus.com: Karpus Management, Inc. Reduces Stake in Global Lights Acquisition Corp |
Global Lights 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 Global Stock often depends not only on the future outlook of the current and potential Global Lights' 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. Global Lights' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding | 2.6 M | |
Cash And Short Term Investments | 1391.00 |
Global Lights Technical Analysis
Global Lights' future price can be derived by breaking down and analyzing its technical indicators over time. Global Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Global Lights Acquisition. In general, you should focus on analyzing Global Stock price patterns and their correlations with different microeconomic environments and drivers.
Global Lights Predictive Forecast Models
Global Lights' time-series forecasting models is one of many Global Lights' 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 Global Lights' 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 Global Lights Acquisition
Checking the ongoing alerts about Global Lights for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Global Lights Acquisition help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Global Lights Acquisition currently holds 2.64 M in liabilities with Debt to Equity (D/E) ratio of 18.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Global Lights Acquisition has a current ratio of 0.82, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Global Lights' use of debt, we should always consider it together with its cash and equity. | |
Global Lights Acquisition currently holds about 192 K in cash with (1.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09. | |
Roughly 67.0% of Global Lights shares are owned by institutional investors | |
Latest headline from gurufocus.com: Karpus Management, Inc. Reduces Stake in Global Lights Acquisition Corp |
Check out Global Lights Backtesting, Global Lights Valuation, Global Lights Correlation, Global Lights Hype Analysis, Global Lights Volatility, Global Lights History as well as Global Lights Performance. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Asset Management & Custody Banks 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 Global Lights. 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 Lights listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.28 | Return On Assets (0.01) |
The market value of Global Lights Acquisition 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 Lights' value that differs from its market value or its book value, called intrinsic value, which is Global Lights' 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 Lights' market value can be influenced by many factors that don't directly affect Global Lights' 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 Lights' value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Lights is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Lights' 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.