G Iii Apparel Group Stock Market Value
| GIII Stock | USD 30.11 0.89 3.05% |
| Symbol | GIII |
G III Apparel Price To Book Ratio
Is Apparel, Accessories & Luxury Goods 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 G III. If investors know GIII 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 G III 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 0.514 | Earnings Share 3.98 | Revenue Per Share 68.024 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0696 |
The market value of G III Apparel is measured differently than its book value, which is the value of GIII that is recorded on the company's balance sheet. Investors also form their own opinion of G III's value that differs from its market value or its book value, called intrinsic value, which is G III'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 G III's market value can be influenced by many factors that don't directly affect G III'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 G III's value and its price as these two are different measures arrived at by different means. Investors typically determine if G III is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, G III'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.
G III '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 G III'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 G III.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in G III on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding G III Apparel Group or generate 0.0% return on investment in G III over 360 days. G III is related to or competes with Oxford Industries, Ermenegildo Zegna, Kontoor Brands, Columbia Sportswear, Vince Holding, Gildan Activewear, and PVH Corp. G-III Apparel Group, Ltd. designs, sources, and markets womens and mens apparel in the United States and internationally More
G III 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 G III'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 G III Apparel Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.047 | |||
| Maximum Drawdown | 26.82 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 3.72 |
G III Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for G III's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as G III's standard deviation. In reality, there are many statistical measures that can use G III historical prices to predict the future G III's volatility.| Risk Adjusted Performance | 0.0727 | |||
| Jensen Alpha | 0.1986 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0787 | |||
| Treynor Ratio | 0.401 |
G III Apparel Backtested Returns
G III appears to be not too volatile, given 3 months investment horizon. G III Apparel holds Efficiency (Sharpe) Ratio of 0.074, which attests that the company had a 0.074% return per unit of risk over the last 3 months. We have found thirty technical indicators for G III Apparel, which you can use to evaluate the volatility of the entity. Please utilize G III's semi deviation of 1.89, and Downside Deviation of 2.07 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, G III holds a performance score of 5. The firm retains a Market Volatility (i.e., Beta) of 0.71, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, G III's returns are expected to increase less than the market. However, during the bear market, the loss of holding G III is expected to be smaller as well. Please check G III's semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether G III's current trending patterns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
G III Apparel Group has very good reverse predictability. Overlapping area represents the amount of predictability between G III time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 G III Apparel price movement. The serial correlation of -0.7 indicates that around 70.0% of current G III price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 5.94 |
G III Apparel lagged returns against current returns
Autocorrelation, which is G III 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 G III's stock expected returns. We can calculate the autocorrelation of G III returns to help us make a trade decision. For example, suppose you find that G III 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 |
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G III 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 G III stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if G III stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in G III stock over time.
Current vs Lagged Prices |
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G III Lagged Returns
When evaluating G III's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of G III stock have on its future price. G III 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, G III autocorrelation shows the relationship between G III stock current value and its past values and can show if there is a momentum factor associated with investing in G III Apparel Group.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether G III Apparel offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of G III'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 G Iii Apparel Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on G Iii Apparel Group Stock:Check out G III Correlation, G III Volatility and G III Alpha and Beta module to complement your research on G III. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
G III 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.