Global Return On Capital Employed from 2010 to 2024
| GLP Stock | USD 47.91 0.00 0.00% |
Return On Capital Employed | First Reported 2010-12-31 | Previous Quarter 0.09896392 | Current Value 0.1 | Quarterly Volatility 0.06053298 |
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 | Return On Capital Employed |
Latest Global Partners' Return On Capital Employed Growth Pattern
Below is the plot of the Return On Capital Employed of Global Partners LP over the last few years. It is Global Partners' Return On Capital Employed 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.
| Return On Capital Employed | 10 Years Trend |
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Return On Capital Employed |
| Timeline |
Global Return On Capital Employed Regression Statistics
| Arithmetic Mean | 0.08 | |
| Coefficient Of Variation | 76.60 | |
| Mean Deviation | 0.04 | |
| Median | 0.07 | |
| Standard Deviation | 0.06 | |
| Sample Variance | 0 | |
| Range | 0.2965 | |
| R-Value | 0.32 | |
| Mean Square Error | 0 | |
| R-Squared | 0.10 | |
| Significance | 0.24 | |
| Slope | 0 | |
| Total Sum of Squares | 0.05 |
Global Return On Capital Employed History
About Global Partners Financial Statements
Global Partners shareholders use historical fundamental indicators, such as Return On Capital Employed, 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.
| Last Reported | Projected for Next Year | ||
| Return On Capital Employed | 0.10 | 0.10 |
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
| 0.87 | EE | Excelerate Energy | PairCorr |
| 0.87 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.77 | DLNG | Dynagas LNG Partners | PairCorr |
Moving against Global Stock
| 0.64 | TK | Teekay | PairCorr |
| 0.63 | FRO | Frontline | PairCorr |
| 0.58 | PXSAW | Pyxis Tankers | PairCorr |
| 0.57 | DHT | DHT Holdings | PairCorr |
| 0.47 | BPT | BP Prudhoe Bay | 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.