Global Cash from 2010 to 2024
| GLP Stock | USD 56.41 0.44 0.77% |
Cash | First Reported 2003-12-31 | Previous Quarter 14.1 M | Current Value 20.6 M | Quarterly Volatility 11.4 M |
Check Global Partners financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Global Partners' main balance sheet or income statement drivers, such as Depreciation And Amortization of 115.6 M, Interest Expense of 48.6 M or Total Revenue of 10.7 B, as well as many indicators such as Price To Sales Ratio of 0.0459, Dividend Yield of 0.08 or PTB Ratio of 1.89. Global financial statements analysis is a perfect complement when working with Global Partners Valuation or Volatility modules.
Global | Cash |
Latest Global Partners' Cash Growth Pattern
Below is the plot of the Cash of Global Partners LP over the last few years. Cash refers to the most liquid asset of Global Partners LP, which is listed under current asset account on Global Partners LP balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Global Partners customers. The amounts must be unrestricted with restricted cash listed in a different Global Partners account. It is the total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts. Global Partners' Cash historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Global Partners' overall financial position and show how it may be relating to other accounts over time.
| Cash | 10 Years Trend |
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Cash |
| Timeline |
Global Cash Regression Statistics
| Arithmetic Mean | 9,132,940 | |
| Geometric Mean | 6,943,401 | |
| Coefficient Of Variation | 64.79 | |
| Mean Deviation | 4,521,411 | |
| Median | 9,217,000 | |
| Standard Deviation | 5,917,285 | |
| Sample Variance | 35T | |
| Range | 19.5M | |
| R-Value | 0.70 | |
| Mean Square Error | 19.4T | |
| R-Squared | 0.49 | |
| Significance | 0 | |
| Slope | 921,674 | |
| Total Sum of Squares | 490.2T |
Global Cash History
Other Fundumenentals of Global Partners LP
Global Partners Cash component correlations
Click cells to compare fundamentals
About Global Partners Financial Statements
Global Partners shareholders use historical fundamental indicators, such as Cash, to determine how well the company is positioned to perform in the future. Although Global Partners investors may analyze each financial statement separately, they are all interrelated. The changes in Global Partners' assets and liabilities, for example, are also reflected in the revenues and expenses on on Global Partners' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Pair Trading with Global Partners
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 Partners 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 Partners will appreciate offsetting losses from the drop in the long position's value.Moving together with Global Stock
| 0.82 | AM | Antero Midstream Partners | PairCorr |
| 0.95 | EE | Excelerate Energy | PairCorr |
| 0.93 | ET | Energy Transfer LP | PairCorr |
| 0.93 | DLNG | Dynagas LNG Partners | PairCorr |
Moving against Global Stock
| 0.84 | PXS | Pyxis Tankers | PairCorr |
| 0.83 | LPG | Dorian LPG | PairCorr |
| 0.78 | NAT | Nordic American Tankers | PairCorr |
| 0.76 | PXSAW | Pyxis Tankers | PairCorr |
| 0.66 | FRO | Frontline Downward Rally | PairCorr |
The ability to find closely correlated positions to Global Partners 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 Partners 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 Partners - 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 Partners LP to buy it.
The correlation of Global Partners 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 Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Partners LP 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 Partners 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.Additional Tools for Global Stock Analysis
When running Global Partners' price analysis, check to measure Global Partners' 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 Global Partners is operating at the current time. Most of Global Partners' value examination focuses on studying past and present price action to predict the probability of Global Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Partners' price. Additionally, you may evaluate how the addition of Global Partners to your portfolios can decrease your overall portfolio volatility.