Galp Energa Stock Market Value
| GLPEY Stock | USD 8.26 0.11 1.35% |
| Symbol | Galp |
Galp Energa '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 Galp Energa's pink sheet 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 Galp Energa.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Galp Energa on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Galp Energa or generate 0.0% return on investment in Galp Energa over 270 days. Galp Energa is related to or competes with Shell PLC, Equinor ASA, BP PLC, Eni SPA, MOL PLC, PTT PCL, and OMV AG. Galp Energia, SGPS, S.A. operates as an integrated energy operator in Portugal and internationally More
Galp Energa 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 Galp Energa's pink sheet 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 Galp Energa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 7.62 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 1.54 |
Galp Energa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galp Energa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galp Energa's standard deviation. In reality, there are many statistical measures that can use Galp Energa historical prices to predict the future Galp Energa's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (1.44) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Galp Energa's 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.
Galp Energa Backtested Returns
Galp Energa holds Efficiency (Sharpe) Ratio of -0.26, which attests that the entity had a -0.26% return per unit of risk over the last 3 months. Galp Energa exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Galp Energa's Risk Adjusted Performance of (0.20), market risk adjusted performance of (1.43), and Standard Deviation of 1.5 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Galp Energa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Galp Energa is expected to be smaller as well. At this point, Galp Energa has a negative expected return of -0.39%. Please make sure to check out Galp Energa's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Galp Energa performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Galp Energa has excellent reverse predictability. Overlapping area represents the amount of predictability between Galp Energa time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 Galp Energa price movement. The serial correlation of -0.83 indicates that around 83.0% of current Galp Energa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Galp Energa lagged returns against current returns
Autocorrelation, which is Galp Energa pink sheet'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 Galp Energa's pink sheet expected returns. We can calculate the autocorrelation of Galp Energa returns to help us make a trade decision. For example, suppose you find that Galp Energa has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Galp Energa 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 Galp Energa pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galp Energa pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galp Energa pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Galp Energa Lagged Returns
When evaluating Galp Energa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galp Energa pink sheet have on its future price. Galp Energa 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, Galp Energa autocorrelation shows the relationship between Galp Energa pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Galp Energa.
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.Additional Tools for Galp Pink Sheet Analysis
When running Galp Energa's price analysis, check to measure Galp Energa's 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 Galp Energa is operating at the current time. Most of Galp Energa's value examination focuses on studying past and present price action to predict the probability of Galp Energa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galp Energa's price. Additionally, you may evaluate how the addition of Galp Energa to your portfolios can decrease your overall portfolio volatility.