Global Partners Lp Stock Market Value
| GLP Stock | USD 54.18 2.51 4.43% |
| Symbol | Global |
Is Oil & Gas Storage & Transportation 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 Partners. 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 Partners listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Global Partners LP 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 Partners' value that differs from its market value or its book value, called intrinsic value, which is Global Partners' 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 Partners' market value can be influenced by many factors that don't directly affect Global Partners' 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 Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Partners' 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 Partners '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 Partners' 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 Partners.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in Global Partners on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Global Partners LP or generate 0.0% return on investment in Global Partners over 360 days. Global Partners is related to or competes with Plains All, Genesis Energy, Western Midstream, Hess Midstream, DT Midstream, MPLX LP, and Antero Midstream. Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasol... More
Global Partners 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 Partners' 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 Partners LP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | 0.0875 | |||
| Maximum Drawdown | 9.3 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 4.44 |
Global Partners Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Partners' standard deviation. In reality, there are many statistical measures that can use Global Partners historical prices to predict the future Global Partners' volatility.| Risk Adjusted Performance | 0.1054 | |||
| Jensen Alpha | 0.2147 | |||
| Total Risk Alpha | 0.0832 | |||
| Sortino Ratio | 0.0908 | |||
| Treynor Ratio | 0.2482 |
Global Partners LP Backtested Returns
Global Partners appears to be very steady, given 3 months investment horizon. Global Partners LP holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Global Partners LP, which you can use to evaluate the volatility of the firm. Please utilize Global Partners' Downside Deviation of 2.51, risk adjusted performance of 0.1054, and Market Risk Adjusted Performance of 0.2582 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Global Partners holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 1.2, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Global Partners will likely underperform. Please check Global Partners' expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Global Partners' current trending patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
Global Partners LP has very weak reverse predictability. Overlapping area represents the amount of predictability between Global Partners time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. 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 Partners LP price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Global Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 23.15 |
Global Partners LP lagged returns against current returns
Autocorrelation, which is Global Partners 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 Partners' stock expected returns. We can calculate the autocorrelation of Global Partners returns to help us make a trade decision. For example, suppose you find that Global Partners 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 Partners 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 Partners stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Partners stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Partners stock over time.
Current vs Lagged Prices |
| Timeline |
Global Partners Lagged Returns
When evaluating Global Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Partners stock have on its future price. Global Partners 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 Partners autocorrelation shows the relationship between Global Partners stock current value and its past values and can show if there is a momentum factor associated with investing in Global Partners LP.
Regressed Prices |
| Timeline |
Pair Trading with Global Partners
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Global Partners position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Global Partners will appreciate offsetting losses from the drop in the long position's value.Moving against Global Stock
The ability to find closely correlated positions to Global Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Partners when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Partners - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Partners LP to buy it.
The correlation of Global Partners is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Partners LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Global Partners can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Global Stock Analysis
When running Global Partners' price analysis, check to measure Global Partners' 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 Partners is operating at the current time. Most of Global Partners' value examination focuses on studying past and present price action to predict the probability of Global Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Partners' price. Additionally, you may evaluate how the addition of Global Partners to your portfolios can decrease your overall portfolio volatility.