Global E Online Stock Market Value
| GLBE Stock | USD 51.86 0.20 0.39% |
| Symbol | Global |
Global E Online Price To Book Ratio
Is Broadline Retail 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 Global E. If investors know Global 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 Global E listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.59) | Revenue Per Share 3.814 | Quarterly Revenue Growth 0.26 | Return On Assets (0.05) | Return On Equity (0.12) |
The market value of Global E Online is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global E's value that differs from its market value or its book value, called intrinsic value, which is Global E'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 Global E's market value can be influenced by many factors that don't directly affect Global E'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 Global E's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global E is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global E'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.
Global E '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 Global E'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 Global E.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Global E on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Global E Online or generate 0.0% return on investment in Global E over 30 days. Global E is related to or competes with MercadoLibre, PDD Holdings, JD, Alibaba Group, Sea, Etsy, and Vipshop Holdings. Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cr... More
Global E 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 Global E'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 Global E Online upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.2 | |||
| Maximum Drawdown | 11.98 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 4.7 |
Global E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global E's standard deviation. In reality, there are many statistical measures that can use Global E historical prices to predict the future Global E's volatility.| Risk Adjusted Performance | 0.1997 | |||
| Jensen Alpha | 0.4811 | |||
| Total Risk Alpha | 0.2269 | |||
| Sortino Ratio | 0.2637 | |||
| Treynor Ratio | 0.5336 |
Global E Online Backtested Returns
Global E appears to be very steady, given 3 months investment horizon. Global E Online holds Efficiency (Sharpe) Ratio of 0.27, which attests that the entity had a 0.27% return per unit of risk over the last 3 months. By evaluating Global E's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Global E's Downside Deviation of 1.9, market risk adjusted performance of 0.5436, and Risk Adjusted Performance of 0.1997 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Global E holds a performance score of 21. The company retains a Market Volatility (i.e., Beta) of 1.16, 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, Global E will likely underperform. Please check Global E's sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to make a quick decision on whether Global E's current trending patterns will revert.
Auto-correlation | 0.76 |
Good predictability
Global E Online has good predictability. Overlapping area represents the amount of predictability between Global E time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Global E Online price movement. The serial correlation of 0.76 indicates that around 76.0% of current Global E price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 22.13 |
Global E Online lagged returns against current returns
Autocorrelation, which is Global E 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 Global E's stock expected returns. We can calculate the autocorrelation of Global E returns to help us make a trade decision. For example, suppose you find that Global E 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 |
Global E 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 Global E stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global E stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global E stock over time.
Current vs Lagged Prices |
| Timeline |
Global E Lagged Returns
When evaluating Global E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global E stock have on its future price. Global E 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, Global E autocorrelation shows the relationship between Global E stock current value and its past values and can show if there is a momentum factor associated with investing in Global E Online.
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 Global E Online is a strong investment it is important to analyze Global E's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Global E's future performance. For an informed investment choice regarding Global Stock, refer to the following important reports:Check out Global E Correlation, Global E Volatility and Global E Alpha and Beta module to complement your research on Global E. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Global E 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.