Gates Industrial Stock Market Value
| GTES Stock | USD 22.14 0.15 0.68% |
| Symbol | Gates |
Gates Industrial Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Gates Industrial. If investors know Gates 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 Gates Industrial 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 (0.38) | Earnings Share 0.83 | Revenue Per Share 13.107 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0908 |
The market value of Gates Industrial is measured differently than its book value, which is the value of Gates that is recorded on the company's balance sheet. Investors also form their own opinion of Gates Industrial's value that differs from its market value or its book value, called intrinsic value, which is Gates Industrial'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 Gates Industrial's market value can be influenced by many factors that don't directly affect Gates Industrial'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 Gates Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gates Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gates Industrial'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.
Gates Industrial '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 Gates Industrial'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 Gates Industrial.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Gates Industrial on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Gates Industrial or generate 0.0% return on investment in Gates Industrial over 30 days. Gates Industrial is related to or competes with Crane NXT, Donaldson, ITT, Franklin Electric, John Bean, Helios Technologies, and Gorman Rupp. Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwid... More
Gates Industrial 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 Gates Industrial'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 Gates Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.1286 | |||
| Maximum Drawdown | 7.8 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 3.47 |
Gates Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gates Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gates Industrial's standard deviation. In reality, there are many statistical measures that can use Gates Industrial historical prices to predict the future Gates Industrial's volatility.| Risk Adjusted Performance | 0.1607 | |||
| Jensen Alpha | 0.1645 | |||
| Total Risk Alpha | 0.0695 | |||
| Sortino Ratio | 0.1554 | |||
| Treynor Ratio | 0.2282 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gates Industrial'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.
Gates Industrial Backtested Returns
Gates Industrial appears to be very steady, given 3 months investment horizon. Gates Industrial holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gates Industrial, which you can use to evaluate the volatility of the firm. Please utilize Gates Industrial's Market Risk Adjusted Performance of 0.2382, downside deviation of 1.47, and Risk Adjusted Performance of 0.1607 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gates Industrial holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 1.53, 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, Gates Industrial will likely underperform. Please check Gates Industrial's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Gates Industrial's current trending patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Gates Industrial has good predictability. Overlapping area represents the amount of predictability between Gates Industrial 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 Gates Industrial price movement. The serial correlation of 0.68 indicates that around 68.0% of current Gates Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Gates Industrial lagged returns against current returns
Autocorrelation, which is Gates Industrial 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 Gates Industrial's stock expected returns. We can calculate the autocorrelation of Gates Industrial returns to help us make a trade decision. For example, suppose you find that Gates Industrial 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 |
Gates Industrial 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 Gates Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gates Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gates Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Gates Industrial Lagged Returns
When evaluating Gates Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gates Industrial stock have on its future price. Gates Industrial 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, Gates Industrial autocorrelation shows the relationship between Gates Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Gates Industrial.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Gates Stock Analysis
When running Gates Industrial's price analysis, check to measure Gates Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gates Industrial is operating at the current time. Most of Gates Industrial's value examination focuses on studying past and present price action to predict the probability of Gates Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gates Industrial's price. Additionally, you may evaluate how the addition of Gates Industrial to your portfolios can decrease your overall portfolio volatility.