Globe Life Stock Price on October 31, 2024
| GL Stock | USD 108.99 0.23 0.21% |
Below is the normalized historical share price chart for Globe Life extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Globe Life stands at 108.99, as last reported on the 22nd of November, with the highest price reaching 109.79 and the lowest price hitting 108.21 during the day.
If you're considering investing in Globe Stock, it is important to understand the factors that can impact its price. As of now, Globe Stock is very steady. Globe Life holds Efficiency (Sharpe) Ratio of 0.0736, which attests that the entity had a 0.0736% return per unit of risk over the last 3 months. We have found thirty technical indicators for Globe Life, which you can use to evaluate the volatility of the firm. Please check out Globe Life's Downside Deviation of 1.71, market risk adjusted performance of 0.1718, and Risk Adjusted Performance of 0.0935 to validate if the risk estimate we provide is consistent with the expected return of 0.12%.
At this time, Globe Life's Common Stock is quite stable compared to the past year. Common Stock Total Equity is expected to rise to about 122.7 M this year, although the value of Common Stock Shares Outstanding will most likely fall to about 91.5 M. . At this time, Globe Life's Price Earnings Ratio is quite stable compared to the past year. Price To Operating Cash Flows Ratio is expected to rise to 9.97 this year, although Price Book Value Ratio will most likely fall to 2.45. Globe Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 30th of December 1987 | 200 Day MA 98.838 | 50 Day MA 107.3842 | Beta 0.807 |
Globe |
Sharpe Ratio = 0.0736
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Estimated Market Risk
| 1.59 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Globe Life is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Globe Life by adding it to a well-diversified portfolio.
Price Book 1.9682 | Price Sales 1.5974 | Shares Float 81.8 M | Dividend Share 0.945 | Wall Street Target Price 132.2 |
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Globe Life Valuation on October 31, 2024
It is possible to determine the worth of Globe Life on a given historical date. On October 31, 2024 Globe was worth 106.21 at the beginning of the trading date compared to the closed value of 105.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Globe Life stock. Still, in general, we apply an absolute valuation method to find Globe Life's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Globe Life where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Globe Life's related companies.
| Open | High | Low | Close | Volume | |
| 106.93 | 108.07 | 106.59 | 107.00 | 427,804 | |
10/31/2024 | 106.21 | 107.27 | 105.59 | 105.60 | 441,843 |
| 105.32 | 106.49 | 103.73 | 104.02 | 580,778 |
| Backtest Globe Life | | | Globe Life History | | | Globe Life Valuation | Previous | Next |
Globe Life Trading Date Momentum on October 31, 2024
| On November 01 2024 Globe Life was traded for 104.02 at the closing time. The highest price during the trading period was 106.49 and the lowest recorded bid was listed for 103.73 . The volume for the day was 580.8 K. This history from November 1, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.50% . The overall trading delta to the current price is 4.94% . |
Globe Life Fundamentals Correlations and Trends
By evaluating Globe Life's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Globe Life's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Globe financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Globe Life Stock history
Globe Life investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Globe is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Globe Life will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Globe Life stock prices may prove useful in developing a viable investing in Globe Life
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 96.4 M | 91.5 M | |
| Net Income Applicable To Common Shares | 850.7 M | 799.5 M |
Globe Life Stock Technical Analysis
Globe Life 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.
Price Boundaries
Globe Life Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Globe Life cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Globe Life November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Globe Life stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Globe Life shares will generate the highest return on investment. By undertsting and applying Globe Life stock market strength indicators, traders can identify Globe Life entry and exit signals to maximize returns
Globe Life Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Globe Life's price direction in advance. Along with the technical and fundamental analysis of Globe Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Globe to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0935 | |||
| Jensen Alpha | 0.0671 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0438 | |||
| Treynor Ratio | 0.1618 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globe Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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.