Global Roic vs Ptb Ratio Analysis

GLP Stock  USD 53.65  0.27  0.50%   
Global Partners financial indicator trend analysis is much more than just examining Global Partners LP latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Partners LP is a good investment. Please check the relationship between Global Partners Roic and its Ptb Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Partners LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Roic vs Ptb Ratio

Roic vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Partners LP Roic account and Ptb Ratio. At this time, the significance of the direction appears to have no relationship.
The correlation between Global Partners' Roic and Ptb Ratio is 0.08. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of Global Partners LP, assuming nothing else is changed. The correlation between historical values of Global Partners' Roic and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Global Partners LP are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Roic i.e., Global Partners' Roic and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

0.08
Relationship DirectionPositive 
Relationship StrengthInsignificant

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Most indicators from Global Partners' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Partners LP current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Partners LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At this time, Global Partners' Tax Provision is relatively stable compared to the past year. As of 12/11/2024, Enterprise Value Over EBITDA is likely to grow to 9.49, while Selling General Administrative is likely to drop slightly above 141.4 M.
 2021 2022 2023 2024 (projected)
Interest Expense80.1M81.3M85.6M48.6M
Depreciation And Amortization102.2M104.8M110.1M115.6M

Global Partners fundamental ratios Correlations

0.770.180.760.890.380.730.32-0.450.380.920.980.60.070.570.240.720.340.760.340.460.740.340.750.860.59
0.770.360.440.50.320.40.33-0.580.320.590.780.920.160.370.140.350.80.490.370.80.320.350.480.450.53
0.180.360.3-0.130.190.350.49-0.620.19-0.030.090.220.530.470.320.360.430.070.190.13-0.21-0.050.42-0.130.34
0.760.440.30.770.680.990.67-0.620.680.720.740.20.410.920.510.940.010.630.110.130.77-0.040.980.80.68
0.890.5-0.130.770.420.740.16-0.240.420.920.920.35-0.030.530.10.76-0.030.790.20.310.860.260.710.990.62
0.380.320.190.680.420.680.75-0.671.00.360.430.140.640.80.30.560.120.39-0.290.030.42-0.190.660.460.62
0.730.40.350.990.740.680.67-0.620.680.70.710.150.430.930.50.96-0.020.610.10.080.72-0.020.980.770.67
0.320.330.490.670.160.750.67-0.870.750.160.280.150.820.860.690.490.320.25-0.040.020.33-0.390.680.20.35
-0.45-0.58-0.62-0.62-0.24-0.67-0.62-0.87-0.67-0.21-0.43-0.47-0.87-0.81-0.45-0.52-0.54-0.42-0.29-0.39-0.240.19-0.67-0.25-0.57
0.380.320.190.680.421.00.680.75-0.670.360.430.140.640.80.30.560.120.39-0.290.030.42-0.190.660.460.62
0.920.59-0.030.720.920.360.70.16-0.210.360.930.45-0.140.460.180.730.080.730.210.320.780.480.690.890.5
0.980.780.090.740.920.430.710.28-0.430.430.930.640.060.540.140.70.340.770.320.520.740.370.720.890.64
0.60.920.220.20.350.140.150.15-0.470.140.450.640.10.13-0.050.130.820.380.50.930.160.460.230.280.39
0.070.160.530.41-0.030.640.430.82-0.870.64-0.140.060.10.710.360.330.260.230.060.070.04-0.470.440.010.37
0.570.370.470.920.530.80.930.86-0.810.80.460.540.130.710.560.850.110.520.060.050.57-0.230.920.580.65
0.240.140.320.510.10.30.50.69-0.450.30.180.14-0.050.360.560.380.020.17-0.16-0.150.42-0.440.550.11-0.02
0.720.350.360.940.760.560.960.49-0.520.560.730.70.130.330.850.38-0.120.680.190.080.660.120.950.790.66
0.340.80.430.01-0.030.12-0.020.32-0.540.120.080.340.820.260.110.02-0.120.050.340.69-0.140.210.07-0.080.22
0.760.490.070.630.790.390.610.25-0.420.390.730.770.380.230.520.170.680.050.360.330.720.080.640.780.58
0.340.370.190.110.2-0.290.1-0.04-0.29-0.290.210.320.50.060.06-0.160.190.340.360.50.080.410.130.160.17
0.460.80.130.130.310.030.080.02-0.390.030.320.520.930.070.05-0.150.080.690.330.50.120.330.160.260.41
0.740.32-0.210.770.860.420.720.33-0.240.420.780.740.160.040.570.420.66-0.140.720.080.12-0.090.680.860.47
0.340.35-0.05-0.040.26-0.19-0.02-0.390.19-0.190.480.370.46-0.47-0.23-0.440.120.210.080.410.33-0.09-0.020.190.02
0.750.480.420.980.710.660.980.68-0.670.660.690.720.230.440.920.550.950.070.640.130.160.68-0.020.740.68
0.860.45-0.130.80.990.460.770.2-0.250.460.890.890.280.010.580.110.79-0.080.780.160.260.860.190.740.64
0.590.530.340.680.620.620.670.35-0.570.620.50.640.390.370.65-0.020.660.220.580.170.410.470.020.680.64
Click cells to compare fundamentals

Global Partners Account Relationship Matchups

Global Partners fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.8B2.5B2.8B3.2B3.4B1.9B
Total Current Liabilities753.9M497.5M839.6M971.5M982.8M702.7M
Total Stockholder Equity(5.1M)1.6M(1.9M)788.4M798.8M838.8M
Property Plant And Equipment Net1.4B1.4B1.4B1.5B1.8B1.9B
Net Debt1.7B1.5B1.6B1.4B1.5B897.7M
Cash12.0M9.7M10.8M4.0M19.6M20.6M
Non Current Assets Total1.8B1.8B1.8B2.0B2.4B2.6B
Non Currrent Assets Other31.1M26.6M32.3M30.7M123.8M130.0M
Other Assets61.6M57.1M32.3M30.7M(86.3M)(82.0M)
Cash And Short Term Investments12.0M9.7M10.8M4.0M19.6M20.6M
Common Stock Shares Outstanding34.3M34.3M34.3M34.0M34.0M24.0M
Liabilities And Stockholders Equity2.4B2.0B2.3B3.2B3.5B1.8B
Total Liab2.3B2.0B2.3B2.4B2.6B1.6B
Total Current Assets1.0B781.4M1.1B1.2B1.1B923.6M
Other Stockholder Equity5.1M(2.2M)(1.9M)406K658.7M691.6M
Property Plant And Equipment Gross1.4B1.4B1.4B1.5B2.8B2.9B
Other Current Liab12.7M143.3M175.0M179.3M189.9M199.4M
Other Liab149.6M164.7M158.4M187.7M215.9M226.7M
Accounts Payable373.4M207.9M353.3M530.9M648.7M418.8M
Long Term Debt690.5M737.6M932.7M840.0M1.1B586.9M
Inventory450.5M384.4M509.5M566.7M397.3M461.2M
Other Current Assets121.0M157.6M132.4M117.3M121.0M76.4M
Intangible Assets46.8M35.9M26.0M26.9M20.7M19.7M
Property Plant Equipment1.1B1.1B1.4B1.5B1.7B1.8B
Short Long Term Debt Total1.7B1.5B1.6B1.4B1.5B1.0B
Current Deferred Revenue42.6M150.7M167.8M187.6M215.7M226.5M
Net Receivables421.0M229.7M412.3M481.2M559.9M454.9M
Non Current Liabilities Total1.6B1.5B1.5B1.4B1.7B995.0M
Accumulated Other Comprehensive Income(5.1M)1.6M(1.9M)(449K)381K362.0K
Short Term Debt217.1M109.8M267.1M218.3M76.7M72.9M
Retained Earnings(470.8M)(494.5M)(533.5M)(788.5M)(658.7M)(625.7M)
Good Will324.5M323.6M328.1M427.8M429.2M299.8M
Deferred Long Term Liab42.9M42.9M56.2M56.8M65.3M39.0M
Common Stock398.5M428.8M392.1M649.0M658.7M499.7M
Net Tangible Assets88M136.0M173.6M193.9M174.5M143.2M
Non Current Liabilities Other861.9M753.6M53.5M57.3M61.2M58.1M
Long Term Debt Total690.5M737.6M1.1B981.8M1.1B790.7M
Short Long Term Debt148.9M34.4M204.7M153.4M16.8M16.0M
Capital Lease Obligations307.5M302.0M435.0M438.1M398.6M320.9M

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

  0.7AM Antero Midstream PartnersPairCorr
  0.96EE Excelerate EnergyPairCorr
  0.95ET Energy Transfer LP Aggressive PushPairCorr
  0.94DLNG Dynagas LNG PartnersPairCorr

Moving against Global Stock

  0.89PXS Pyxis TankersPairCorr
  0.86LPG Dorian LPGPairCorr
  0.86NAT Nordic American TankersPairCorr
  0.78FRO FrontlinePairCorr
  0.77PXSAW Pyxis TankersPairCorr
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.
Pair CorrelationCorrelation Matching

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.