Global Industrial Co Stock Market Value
| GIC Stock | USD 27.93 0.62 2.27% |
| Symbol | Global |
Global Industrial Price To Book Ratio
Is Trading Companies & Distributors 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 Industrial. 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 Industrial 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 (0.19) | Dividend Share 0.95 | Earnings Share 1.7 | Revenue Per Share 34.936 | Quarterly Revenue Growth (0.03) |
The market value of Global Industrial 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 Industrial's value that differs from its market value or its book value, called intrinsic value, which is Global Industrial'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 Global Industrial's market value can be influenced by many factors that don't directly affect Global Industrial'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 Global Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Industrial'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.
Global Industrial 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Global Industrial's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Global Industrial.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Global Industrial on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Global Industrial Co or generate 0.0% return on investment in Global Industrial over 180 days. Global Industrial is related to or competes with Distribution Solutions, Core Main, Applied Industrial, BlueLinx Holdings, DXP Enterprises, EVI Industries, and Watsco. Global Industrial Company, through its subsidiaries, operates as a value-added industrial distributor of industrial and ... More
Global Industrial Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Global Industrial's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Global Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 24.01 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.49 |
Global Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Industrial's standard deviation. In reality, there are many statistical measures that can use Global Industrial historical prices to predict the future Global Industrial's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.34) |
Global Industrial Backtested Returns
Global Industrial holds Efficiency (Sharpe) Ratio of -0.0807, which attests that the entity had a -0.0807% return per unit of risk over the last 3 months. Global Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Industrial's Standard Deviation of 3.18, market risk adjusted performance of (0.33), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Industrial is expected to be smaller as well. At this point, Global Industrial has a negative expected return of -0.26%. Please make sure to check out Global Industrial's value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if Global Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Global Industrial Co has insignificant predictability. Overlapping area represents the amount of predictability between Global Industrial time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Global Industrial price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Global Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 6.17 |
Global Industrial lagged returns against current returns
Autocorrelation, which is Global Industrial stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Global Industrial's stock expected returns. We can calculate the autocorrelation of Global Industrial returns to help us make a trade decision. For example, suppose you find that Global Industrial has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Global Industrial regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Global Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Global Industrial Lagged Returns
When evaluating Global Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Industrial stock have on its future price. Global Industrial autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Global Industrial autocorrelation shows the relationship between Global Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Global Industrial Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Global Industrial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Global Industrial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Global Industrial Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Global Industrial Co Stock:Check out Global Industrial Correlation, Global Industrial Volatility and Global Industrial Alpha and Beta module to complement your research on Global Industrial. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Global Industrial 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.