Global Lights Acquisition Stock Market Value
| GLACU Stock | USD 10.80 0.08 0.75% |
| 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.
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.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in Global Lights on December 1, 2023 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 360 days. Global Lights is related to or competes with PowerUp Acquisition, Aurora Innovation, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. 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.
| Information Ratio | (0.80) | |||
| Maximum Drawdown | 0.6586 | |||
| Potential Upside | 0.1873 |
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 | 0.121 | |||
| Jensen Alpha | 0.017 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | 1.53 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Lights' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Global Lights Acquisition Backtested Returns
Currently, Global Lights Acquisition is very steady. Global Lights Acquisition holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Global Lights Acquisition, which you can use to evaluate the volatility of the firm. Please check out Global Lights' Standard Deviation of 0.1272, risk adjusted performance of 0.121, and Market Risk Adjusted Performance of 1.54 to validate if the risk estimate we provide is consistent with the expected return of 0.0293%. Global Lights has a performance score of 17 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.012, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Lights' returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Lights is expected to be smaller as well. Global Lights Acquisition right now retains a risk of 0.13%. Please check out Global Lights information ratio, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Global Lights will be following its current trending patterns.
Auto-correlation | 0.55 |
Modest predictability
Global Lights Acquisition has modest predictability. Overlapping area represents the amount of predictability between Global Lights time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th 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 Lights Acquisition price movement. The serial correlation of 0.55 indicates that about 55.0% of current Global Lights price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
Thematic Opportunities
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Additional 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.