Galileo Tech (Israel) Market Value
| GLTC Stock | 15.20 1.20 8.57% |
| Symbol | Galileo |
Galileo Tech '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 Galileo Tech's 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 Galileo Tech.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Galileo Tech on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Galileo Tech or generate 0.0% return on investment in Galileo Tech over 60 days. Galileo Tech is related to or competes with Intelicanna, Aerodrome, Opal Balance, B Communications, Holmes Place, Nova, and Petrochemical. Israel Ltd. develops a system of technology to convert municipal solid waste, green waste, and waste tires into useable ... More
Galileo Tech 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 Galileo Tech's 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 Galileo Tech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 37.16 | |||
| Value At Risk | (10.55) | |||
| Potential Upside | 8.57 |
Galileo Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Galileo Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galileo Tech's standard deviation. In reality, there are many statistical measures that can use Galileo Tech historical prices to predict the future Galileo Tech's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (1.28) | |||
| Treynor Ratio | 0.1378 |
Galileo Tech Backtested Returns
Galileo Tech holds Efficiency (Sharpe) Ratio of -0.0544, which attests that the entity had a -0.0544% return per unit of risk over the last 3 months. Galileo Tech exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Galileo Tech's Standard Deviation of 6.09, market risk adjusted performance of 0.1478, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -2.34, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Galileo Tech are expected to decrease by larger amounts. On the other hand, during market turmoil, Galileo Tech is expected to outperform it. At this point, Galileo Tech has a negative expected return of -0.34%. Please make sure to check out Galileo Tech's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Galileo Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Galileo Tech has very weak predictability. Overlapping area represents the amount of predictability between Galileo Tech time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Galileo Tech price movement. The serial correlation of 0.17 indicates that over 17.0% of current Galileo Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.33 |
Galileo Tech lagged returns against current returns
Autocorrelation, which is Galileo Tech 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 Galileo Tech's stock expected returns. We can calculate the autocorrelation of Galileo Tech returns to help us make a trade decision. For example, suppose you find that Galileo Tech 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 |
Galileo Tech 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 Galileo Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galileo Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galileo Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Galileo Tech Lagged Returns
When evaluating Galileo Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galileo Tech stock have on its future price. Galileo Tech 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, Galileo Tech autocorrelation shows the relationship between Galileo Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Galileo Tech.
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.Other Information on Investing in Galileo Stock
Galileo Tech financial ratios help investors to determine whether Galileo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Galileo with respect to the benefits of owning Galileo Tech security.