Global Partners Lp Stock Market Value
| GLPPRB Stock | 26.12 0.02 0.08% |
| Symbol | Global |
Is Stock 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.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in Global Partners on November 30, 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 30 days. Global Partners is related to or competes with Watsco, Fastenal, SiteOne Landscape, Ferguson Plc, and WW Grainger. Global Partners is entity of United States 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 | 0.1613 | |||
| Information Ratio | 0.0497 | |||
| Maximum Drawdown | 1.38 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.4658 |
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 | 0.1251 | |||
| Jensen Alpha | 0.0325 | |||
| Total Risk Alpha | 0.0273 | |||
| Sortino Ratio | 0.0721 | |||
| Treynor Ratio | 0.5723 |
Global Partners LP Backtested Returns
At this point, Global Partners is very steady. Global Partners LP holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Partners LP, which you can use to evaluate the volatility of the firm. Please check out Global Partners' Market Risk Adjusted Performance of 0.5823, risk adjusted performance of 0.1251, and Coefficient Of Variation of 534.33 to validate if the risk estimate we provide is consistent with the expected return of 0.0459%. Global Partners has a performance score of 15 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0591, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Global Partners' returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Partners is expected to be smaller as well. Global Partners LP right now retains a risk of 0.24%. Please check out Global Partners potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Global Partners will be following its current trending patterns.
Auto-correlation | -0.53 |
Good reverse predictability
Global Partners LP has good reverse predictability. Overlapping area represents the amount of predictability between Global Partners time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 Partners LP price movement. The serial correlation of -0.53 indicates that about 53.0% of current Global Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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 Partners LP offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Global Partners' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Global Partners Lp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Global Partners Lp Stock:Check out Global Partners Correlation, Global Partners Volatility and Global Partners Alpha and Beta module to complement your research on Global Partners. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Global Partners 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.