Global Ship Lease Preferred Stock Market Value
| GSL-PB Preferred Stock | USD 26.21 0.11 0.42% |
| Symbol | Global |
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 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 Global Ship.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Global Ship on October 26, 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 Safe Bulkers, Diana Shipping, Costamare, and Safe Bulkers. 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 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 Global Ship Lease upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5506 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.03 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 1.02 |
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 | 0.0578 | |||
| Jensen Alpha | 0.0155 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.2034 |
Global Ship Lease Backtested Returns
At this point, Global Ship is very steady. Global Ship Lease holds Efficiency (Sharpe) Ratio of 0.0782, which attests that the entity had a 0.0782% return per unit of risk over the last 3 months. We have found thirty technical indicators for Global Ship Lease, which you can use to evaluate the volatility of the firm. Please check out Global Ship's Risk Adjusted Performance of 0.0578, downside deviation of 0.5506, and Market Risk Adjusted Performance of 0.2134 to validate if the risk estimate we provide is consistent with the expected return of 0.0485%. Global Ship has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. 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. Global Ship Lease right now retains a risk of 0.62%. Please check out Global Ship sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if Global Ship will be following its current trending patterns.
Auto-correlation | -0.43 |
Modest reverse predictability
Global Ship Lease has modest reverse predictability. Overlapping area represents the amount of predictability between Global Ship time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Global Ship Lease price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Global Ship price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Global Ship Lease lagged returns against current returns
Autocorrelation, which is Global Ship 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 Global Ship's preferred 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 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 |
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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Ship preferred 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 preferred 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 preferred 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 preferred 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 |
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 Global Preferred Stock
Global Ship financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Ship security.