Global Ship Lease Stock Market Value
| GSL Stock | USD 22.26 0.14 0.62% |
| Symbol | Global |
Global Ship Lease Price To Book Ratio
Is Marine Transportation 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 Ship. 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 Ship 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 (0.05) | Dividend Share 1.575 | Earnings Share 8.92 | Revenue Per Share 19.793 | Quarterly Revenue Growth (0) |
The market value of Global Ship Lease 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 Ship's value that differs from its market value or its book value, called intrinsic value, which is Global Ship's 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 Ship's market value can be influenced by many factors that don't directly affect Global Ship's 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 Ship's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Ship is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Ship's 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 Ship '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 Ship'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 Global Ship.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Global Ship on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Global Ship Lease or generate 0.0% return on investment in Global Ship over 30 days. Global Ship is related to or competes with Costamare, Navios Maritime, Genco Shipping, Star Bulk, Golden Ocean, Diana Shipping, and Danaos. Global Ship Lease, Inc. owns and charters containerships of various sizes under fixed-rate charters to container shippin... More
Global Ship 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 Ship'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 Global Ship Lease upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 8.24 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 2.46 |
Global Ship Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Ship's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Ship's standard deviation. In reality, there are many statistical measures that can use Global Ship historical prices to predict the future Global Ship's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Ship'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.
Global Ship Lease Backtested Returns
Global Ship Lease holds Efficiency (Sharpe) Ratio of -0.0929, which attests that the entity had a -0.0929% return per unit of risk over the last 3 months. Global Ship Lease exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Ship's Standard Deviation of 1.69, market risk adjusted performance of (0.36), and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Ship's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Ship is expected to be smaller as well. At this point, Global Ship Lease has a negative expected return of -0.16%. Please make sure to check out Global Ship's skewness, as well as the relationship between the day median price and relative strength index , to decide if Global Ship Lease performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.85 |
Excellent reverse predictability
Global Ship Lease has excellent reverse predictability. Overlapping area represents the amount of predictability between Global Ship time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Ship Lease price movement. The serial correlation of -0.85 indicates that around 85.0% of current Global Ship price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Global Ship Lease lagged returns against current returns
Autocorrelation, which is Global Ship 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 Ship's stock expected returns. We can calculate the autocorrelation of Global Ship returns to help us make a trade decision. For example, suppose you find that Global Ship 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 Ship 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 Ship stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Ship stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Ship stock over time.
Current vs Lagged Prices |
| Timeline |
Global Ship Lagged Returns
When evaluating Global Ship's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Ship stock have on its future price. Global Ship 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 Ship autocorrelation shows the relationship between Global Ship stock current value and its past values and can show if there is a momentum factor associated with investing in Global Ship Lease.
Regressed Prices |
| Timeline |
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Global Ship 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.