Globe Life Stock Market Value
| GL Stock | USD 108.99 0.23 0.21% |
| Symbol | Globe |
Globe Life Price To Book Ratio
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.
Globe Life '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 Globe Life'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 Globe Life.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Globe Life on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Globe Life or generate 0.0% return on investment in Globe Life over 360 days. Globe Life is related to or competes with Prudential Public, CNO Financial, MetLife Preferred, MetLife, Prudential Financial, Unum, and Lincoln National. Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuiti... More
Globe Life 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 Globe Life'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 Globe Life upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.0564 | |||
| Maximum Drawdown | 8.5 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 1.91 |
Globe Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globe Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globe Life's standard deviation. In reality, there are many statistical measures that can use Globe Life historical prices to predict the future Globe Life's volatility.| Risk Adjusted Performance | 0.0929 | |||
| Jensen Alpha | 0.0809 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0526 | |||
| Treynor Ratio | 0.1587 |
Globe Life Backtested Returns
As of now, Globe Stock is very steady. Globe Life holds Efficiency (Sharpe) Ratio of 0.0742, which attests that the entity had a 0.0742% return per unit of risk over the last 3 months. We have found twenty-nine 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 0.1687, and Risk Adjusted Performance of 0.0929 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Globe Life has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.1, which attests to a somewhat significant risk relative to the market. Globe Life returns are very sensitive to returns on the market. As the market goes up or down, Globe Life is expected to follow. Globe Life right now retains a risk of 1.6%. Please check out Globe Life treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to decide if Globe Life will be following its current trending patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Globe Life has very good reverse predictability. Overlapping area represents the amount of predictability between Globe Life time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 Globe Life price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Globe Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 119.08 |
Globe Life lagged returns against current returns
Autocorrelation, which is Globe Life 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 Globe Life's stock expected returns. We can calculate the autocorrelation of Globe Life returns to help us make a trade decision. For example, suppose you find that Globe Life 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 |
Globe Life 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 Globe Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globe Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globe Life stock over time.
Current vs Lagged Prices |
| Timeline |
Globe Life Lagged Returns
When evaluating Globe Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globe Life stock have on its future price. Globe Life 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, Globe Life autocorrelation shows the relationship between Globe Life stock current value and its past values and can show if there is a momentum factor associated with investing in Globe Life.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Globe Life Correlation, Globe Life Volatility and Globe Life Alpha and Beta module to complement your research on Globe Life. For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.