Global Payments Stock Market Value
| GPN Stock | USD 117.05 0.72 0.62% |
| Symbol | Global |
Global Payments Price To Book Ratio
Is Transaction & Payment Processing Services 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 Payments. 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 Payments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.11) | Dividend Share 1 | Earnings Share 5.31 | Revenue Per Share 39.009 | Quarterly Revenue Growth 0.051 |
The market value of Global Payments 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 Payments' value that differs from its market value or its book value, called intrinsic value, which is Global Payments' 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 Payments' market value can be influenced by many factors that don't directly affect Global Payments' 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 Payments' value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Payments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Payments' 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 Payments '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 Payments' 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 Payments.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Global Payments on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Global Payments or generate 0.0% return on investment in Global Payments over 180 days. Global Payments is related to or competes with Copart, ABM Industries, Thomson Reuters, Aramark Holdings, Maximus, AZZ Incorporated, and Cass Information. Global Payments Inc. provides payment technology and software solutions for card, electronic, check, and digital-based p... More
Global Payments 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 Payments' 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 Payments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.18 | |||
| Information Ratio | 0.0043 | |||
| Maximum Drawdown | 9.86 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 3.43 |
Global Payments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Payments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Payments' standard deviation. In reality, there are many statistical measures that can use Global Payments historical prices to predict the future Global Payments' volatility.| Risk Adjusted Performance | 0.0501 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.004 | |||
| Treynor Ratio | 0.0731 |
Global Payments Backtested Returns
As of now, Global Stock is very steady. Global Payments holds Efficiency (Sharpe) Ratio of 0.0558, which attests that the entity had a 0.0558% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Global Payments, which you can use to evaluate the volatility of the firm. Please check out Global Payments' Risk Adjusted Performance of 0.0501, downside deviation of 2.18, and Market Risk Adjusted Performance of 0.0831 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Global Payments has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.48, 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 Payments will likely underperform. Global Payments right now retains a risk of 2.09%. Please check out Global Payments expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Global Payments will be following its current trending patterns.
Auto-correlation | 0.48 |
Average predictability
Global Payments has average predictability. Overlapping area represents the amount of predictability between Global Payments time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Global Payments price movement. The serial correlation of 0.48 indicates that about 48.0% of current Global Payments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 37.42 |
Global Payments lagged returns against current returns
Autocorrelation, which is Global Payments 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 Payments' stock expected returns. We can calculate the autocorrelation of Global Payments returns to help us make a trade decision. For example, suppose you find that Global Payments 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 Payments 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 Payments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Payments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Payments stock over time.
Current vs Lagged Prices |
| Timeline |
Global Payments Lagged Returns
When evaluating Global Payments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Payments stock have on its future price. Global Payments 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 Payments autocorrelation shows the relationship between Global Payments stock current value and its past values and can show if there is a momentum factor associated with investing in Global Payments.
Regressed Prices |
| Timeline |
Pair Trading with Global Payments
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 Payments 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 Payments will appreciate offsetting losses from the drop in the long position's value.Moving together with Global Stock
Moving against Global Stock
| 0.43 | BW | Babcock Wilcox Enter | PairCorr |
| 0.41 | GPAK | Gamer Pakistan Common | PairCorr |
| 0.39 | DE | Deere Company Fiscal Year End 27th of November 2024 | PairCorr |
| 0.39 | FA | First Advantage Corp | PairCorr |
| 0.32 | EH | Ehang Holdings | PairCorr |
The ability to find closely correlated positions to Global Payments 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 Payments 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 Payments - 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 Payments to buy it.
The correlation of Global Payments 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 Payments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Payments 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 Payments 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.Check out Global Payments Correlation, Global Payments Volatility and Global Payments Alpha and Beta module to complement your research on Global Payments. To learn how to invest in Global Stock, please use our How to Invest in Global Payments guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Global Payments 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.