Global Lights Acquisition Stock Price on May 30, 2024
| GLAC Stock | USD 10.66 0.02 0.19% |
If you're considering investing in Global Stock, it is important to understand the factors that can impact its price. As of today, the current price of Global Lights stands at 10.66, as last reported on the 5th of January, with the highest price reaching 10.68 and the lowest price hitting 10.66 during the day. At this point, Global Lights is very steady. Global Lights Acquisition holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Global Lights Acquisition, which you can use to evaluate the volatility of the firm. Please check out Global Lights' Market Risk Adjusted Performance of (3.76), coefficient of variation of 469.82, and Risk Adjusted Performance of 0.1195 to validate if the risk estimate we provide is consistent with the expected return of 0.0241%.
At present, Global Lights' Capital Stock is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 87.5 M, whereas Total Stockholder Equity is projected to grow to (2 M). . The current year's Price Earnings Ratio is expected to grow to 210.55, whereas Price Book Value Ratio is forecasted to decline to (7.23). Global Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Global |
Sharpe Ratio = 0.1894
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Estimated Market Risk
| 0.13 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Global Lights is performing at about 14% 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 Global Lights by adding it to a well-diversified portfolio.
Global Lights Valuation on May 30, 2024
It is possible to determine the worth of Global Lights on a given historical date. On May 30, 2024 Global was worth 10.27 at the beginning of the trading date compared to the closed value of 10.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Global Lights stock. Still, in general, we apply an absolute valuation method to find Global Lights' 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 Global Lights where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Global Lights' related companies.
| Open | High | Low | Close | Volume | |
| 10.26 | 10.26 | 10.26 | 10.26 | 2.00 | |
05/30/2024 | 10.27 | 10.27 | 10.27 | 10.27 | 4,602 |
| 10.26 | 10.29 | 10.26 | 10.28 | 371,349 |
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Global Lights Trading Date Momentum on May 30, 2024
| On May 31 2024 Global Lights Acquisition was traded for 10.28 at the closing time. The top price for the day was 10.29 and the lowest listed price was 10.26 . The trading volume for the day was 371.3 K. The trading history from May 31, 2024 was a factor to the next trading day price growth. The overall trading delta against the next closing price was 0.10% . The overall trading delta against the current closing price is 0.19% . |
Global Lights Acquisition Fundamentals Correlations and Trends
By evaluating Global Lights' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Global Lights' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Global financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Global Lights Stock history
Global Lights 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 Global is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Global Lights Acquisition 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 Global Lights stock prices may prove useful in developing a viable investing in Global Lights
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 3 M | 2.9 M | |
| Net Loss | -331.4 K | -348 K |
Global Lights Stock Technical Analysis
Global Lights 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
Global Lights Period Price Range
Low | January 5, 2025
| High |
0.00 | 0.00 |
Global Lights Acquisition cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
Global Lights January 5, 2025 Market Strength
Market strength indicators help investors to evaluate how Global Lights stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Global Lights shares will generate the highest return on investment. By undertsting and applying Global Lights stock market strength indicators, traders can identify Global Lights Acquisition entry and exit signals to maximize returns
Global Lights Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Global Lights' price direction in advance. Along with the technical and fundamental analysis of Global Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Global 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 | 0.1195 | |||
| Jensen Alpha | 0.0174 | |||
| Total Risk Alpha | 0.0154 | |||
| Sortino Ratio | 0.0231 | |||
| Treynor Ratio | (3.77) |
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Complementary Tools for Global Stock analysis
When running Global Lights' price analysis, check to measure Global Lights' 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 Lights is operating at the current time. Most of Global Lights' value examination focuses on studying past and present price action to predict the probability of Global Lights' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Lights' price. Additionally, you may evaluate how the addition of Global Lights to your portfolios can decrease your overall portfolio volatility.
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