Global Lights Acquisition Stock Market Value
| GLAC Stock | USD 10.64 0.02 0.19% |
| Symbol | Global |
Global Lights Acquisition Price To Book Ratio
Is Asset Management & Custody Banks 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 Lights. 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 Lights listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.28 | Return On Assets (0.01) |
The market value of Global Lights Acquisition 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 Lights' value that differs from its market value or its book value, called intrinsic value, which is Global Lights' 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 Lights' market value can be influenced by many factors that don't directly affect Global Lights' 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 Lights' value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Lights is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Lights' 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 Lights '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 Lights' 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 Lights.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Global Lights on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Global Lights Acquisition or generate 0.0% return on investment in Global Lights over 720 days. Global Lights is related to or competes with Zhihu, Dave Busters, NETGEAR, Q2 Holdings, Sphere Entertainment, Asure Software, and Sandstorm Gold. As of October 24, 2019, Greenland Acquisition Corporation was acquired by Zhongchai Holding Limited, in a reverse merger... More
Global Lights 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 Lights' 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 Lights Acquisition upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2826 | |||
| Information Ratio | (0.61) | |||
| Maximum Drawdown | 0.9565 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.2865 |
Global Lights Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Lights' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Lights' standard deviation. In reality, there are many statistical measures that can use Global Lights historical prices to predict the future Global Lights' volatility.| Risk Adjusted Performance | 0.1132 | |||
| Jensen Alpha | 0.0226 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.33) | |||
| Treynor Ratio | (3.20) |
Global Lights Acquisition Backtested Returns
At this point, Global Lights is very steady. Global Lights Acquisition holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight 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 (3.19), coefficient of variation of 479.45, and Risk Adjusted Performance of 0.1132 to validate if the risk estimate we provide is consistent with the expected return of 0.0313%. Global Lights has a performance score of 15 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0068, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Global Lights are expected to decrease at a much lower rate. During the bear market, Global Lights is likely to outperform the market. Global Lights Acquisition right now retains a risk of 0.15%. Please check out Global Lights sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Global Lights will be following its current trending patterns.
Auto-correlation | 0.54 |
Modest predictability
Global Lights Acquisition has modest predictability. Overlapping area represents the amount of predictability between Global Lights time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 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 Lights Acquisition price movement. The serial correlation of 0.54 indicates that about 54.0% of current Global Lights price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Lights Acquisition lagged returns against current returns
Autocorrelation, which is Global Lights 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 Lights' stock expected returns. We can calculate the autocorrelation of Global Lights returns to help us make a trade decision. For example, suppose you find that Global Lights 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 Lights 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 Lights stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Lights stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Lights stock over time.
Current vs Lagged Prices |
| Timeline |
Global Lights Lagged Returns
When evaluating Global Lights' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Lights stock have on its future price. Global Lights 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 Lights autocorrelation shows the relationship between Global Lights stock current value and its past values and can show if there is a momentum factor associated with investing in Global Lights Acquisition.
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 Lights Acquisition is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Global Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Global Lights Acquisition Stock. Highlighted below are key reports to facilitate an investment decision about Global Lights Acquisition Stock:Check out Global Lights Correlation, Global Lights Volatility and Global Lights Alpha and Beta module to complement your research on Global Lights. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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.