Gitlab Inc Stock Market Value
| GTLB Stock | USD 65.57 0.77 1.19% |
| Symbol | Gitlab |
Gitlab Inc Price To Book Ratio
Is Systems Software 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 Gitlab. If investors know Gitlab 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 Gitlab listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.34) | Revenue Per Share 4.226 | Quarterly Revenue Growth 0.308 | Return On Assets (0.08) | Return On Equity (0.48) |
The market value of Gitlab Inc is measured differently than its book value, which is the value of Gitlab that is recorded on the company's balance sheet. Investors also form their own opinion of Gitlab's value that differs from its market value or its book value, called intrinsic value, which is Gitlab'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 Gitlab's market value can be influenced by many factors that don't directly affect Gitlab'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 Gitlab's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gitlab is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gitlab'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.
Gitlab '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 Gitlab'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 Gitlab.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Gitlab on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Gitlab Inc or generate 0.0% return on investment in Gitlab over 30 days. Gitlab is related to or competes with Palo Alto, Uipath, Block, Adobe Systems, Crowdstrike Holdings, Palantir Technologies, and Zscaler. GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Eu... More
Gitlab 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 Gitlab'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 Gitlab Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | 0.1176 | |||
| Maximum Drawdown | 26.58 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 5.93 |
Gitlab Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gitlab's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gitlab's standard deviation. In reality, there are many statistical measures that can use Gitlab historical prices to predict the future Gitlab's volatility.| Risk Adjusted Performance | 0.1203 | |||
| Jensen Alpha | 0.3447 | |||
| Total Risk Alpha | 0.0523 | |||
| Sortino Ratio | 0.195 | |||
| Treynor Ratio | 0.2833 |
Gitlab Inc Backtested Returns
Gitlab appears to be very steady, given 3 months investment horizon. Gitlab Inc holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. By evaluating Gitlab's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Gitlab's Downside Deviation of 2.21, risk adjusted performance of 0.1203, and Market Risk Adjusted Performance of 0.2933 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gitlab holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 1.88, 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, Gitlab will likely underperform. Please check Gitlab's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Gitlab's current trending patterns will revert.
Auto-correlation | 0.86 |
Very good predictability
Gitlab Inc has very good predictability. Overlapping area represents the amount of predictability between Gitlab time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Gitlab Inc price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Gitlab price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 3.25 |
Gitlab Inc lagged returns against current returns
Autocorrelation, which is Gitlab 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 Gitlab's stock expected returns. We can calculate the autocorrelation of Gitlab returns to help us make a trade decision. For example, suppose you find that Gitlab 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 |
Gitlab 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 Gitlab stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gitlab stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gitlab stock over time.
Current vs Lagged Prices |
| Timeline |
Gitlab Lagged Returns
When evaluating Gitlab's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gitlab stock have on its future price. Gitlab 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, Gitlab autocorrelation shows the relationship between Gitlab stock current value and its past values and can show if there is a momentum factor associated with investing in Gitlab Inc.
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.When determining whether Gitlab Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gitlab's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gitlab Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gitlab Inc Stock:Check out Gitlab Correlation, Gitlab Volatility and Gitlab Alpha and Beta module to complement your research on Gitlab. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Gitlab 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.