Gladstone Commercial Corp Preferred Stock Market Value
| GOODN Preferred Stock | USD 24.09 0.12 0.50% |
| Symbol | Gladstone |
Gladstone Commercial '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 Gladstone Commercial's preferred 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 Gladstone Commercial.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Gladstone Commercial on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Gladstone Commercial Corp or generate 0.0% return on investment in Gladstone Commercial over 540 days. Gladstone Commercial is related to or competes with Gladstone Commercial, AGNC Investment, AGNC Investment, AGNC Investment, and Global Net. Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net lease... More
Gladstone Commercial 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 Gladstone Commercial's preferred 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 Gladstone Commercial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6003 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.94 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 1.42 |
Gladstone Commercial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gladstone Commercial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gladstone Commercial's standard deviation. In reality, there are many statistical measures that can use Gladstone Commercial historical prices to predict the future Gladstone Commercial's volatility.| Risk Adjusted Performance | 0.0944 | |||
| Jensen Alpha | 0.0594 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.5096 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gladstone Commercial'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.
Gladstone Commercial Corp Backtested Returns
As of now, Gladstone Preferred Stock is very steady. Gladstone Commercial Corp holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Gladstone Commercial Corp, which you can use to evaluate the volatility of the firm. Please check out Gladstone Commercial's risk adjusted performance of 0.0944, and Market Risk Adjusted Performance of 0.5196 to validate if the risk estimate we provide is consistent with the expected return of 0.0981%. Gladstone Commercial has a performance score of 10 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gladstone Commercial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gladstone Commercial is expected to be smaller as well. Gladstone Commercial Corp right now retains a risk of 0.7%. Please check out Gladstone Commercial coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Gladstone Commercial will be following its current trending patterns.
Auto-correlation | 0.61 |
Good predictability
Gladstone Commercial Corp has good predictability. Overlapping area represents the amount of predictability between Gladstone Commercial time series from 4th of June 2023 to 29th of February 2024 and 29th of February 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 Gladstone Commercial Corp price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Gladstone Commercial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.97 |
Gladstone Commercial Corp lagged returns against current returns
Autocorrelation, which is Gladstone Commercial preferred 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 Gladstone Commercial's preferred stock expected returns. We can calculate the autocorrelation of Gladstone Commercial returns to help us make a trade decision. For example, suppose you find that Gladstone Commercial has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Gladstone Commercial 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 Gladstone Commercial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gladstone Commercial preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gladstone Commercial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Gladstone Commercial Lagged Returns
When evaluating Gladstone Commercial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gladstone Commercial preferred stock have on its future price. Gladstone Commercial 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, Gladstone Commercial autocorrelation shows the relationship between Gladstone Commercial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Gladstone Commercial Corp.
Regressed Prices |
| Timeline |
Pair Trading with Gladstone Commercial
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 Gladstone Commercial 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 Gladstone Commercial will appreciate offsetting losses from the drop in the long position's value.Moving together with Gladstone Preferred Stock
| 0.67 | CTO-PA | CTO Realty Growth | PairCorr |
| 0.7 | MDV-PA | Modiv Inc | PairCorr |
| 0.76 | NXDT-PA | NexPoint Diversified Real | PairCorr |
Moving against Gladstone Preferred Stock
| 0.77 | FR | First Industrial Realty | PairCorr |
| 0.58 | SQFTP | Presidio Property Trust | PairCorr |
| 0.51 | O | Realty Income | PairCorr |
The ability to find closely correlated positions to Gladstone Commercial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gladstone Commercial 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 Gladstone Commercial - 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 Gladstone Commercial Corp to buy it.
The correlation of Gladstone Commercial 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 Gladstone Commercial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gladstone Commercial Corp 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 Gladstone Commercial 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.Other Information on Investing in Gladstone Preferred Stock
Gladstone Commercial financial ratios help investors to determine whether Gladstone Preferred 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 Gladstone with respect to the benefits of owning Gladstone Commercial security.