Globant Sa Stock Market Value
| GLOB Stock | USD 227.76 1.79 0.78% |
| Symbol | Globant |
Globant SA Price To Book Ratio
Is Application 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 Globant SA. If investors know Globant 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 Globant SA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.024 | Earnings Share 3.85 | Revenue Per Share 53.121 | Quarterly Revenue Growth 0.181 | Return On Assets 0.0609 |
The market value of Globant SA is measured differently than its book value, which is the value of Globant that is recorded on the company's balance sheet. Investors also form their own opinion of Globant SA's value that differs from its market value or its book value, called intrinsic value, which is Globant SA'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 Globant SA's market value can be influenced by many factors that don't directly affect Globant SA'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 Globant SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globant SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globant SA'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.
Globant SA '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 Globant SA'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 Globant SA.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Globant SA on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Globant SA or generate 0.0% return on investment in Globant SA over 180 days. Globant SA is related to or competes with Accenture Plc, Concentrix, Cognizant Technology, CDW Corp, ASGN, ExlService Holdings, and CACI International. Globant S.A. operates as a technology services company worldwide More
Globant SA 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 Globant SA'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 Globant SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.0427 | |||
| Maximum Drawdown | 20.7 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.32 |
Globant SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globant SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globant SA's standard deviation. In reality, there are many statistical measures that can use Globant SA historical prices to predict the future Globant SA's volatility.| Risk Adjusted Performance | 0.0803 | |||
| Jensen Alpha | 0.0842 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0405 | |||
| Treynor Ratio | 0.1974 |
Globant SA Backtested Returns
Globant SA appears to be very steady, given 3 months investment horizon. Globant SA holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Globant SA, which you can use to evaluate the volatility of the firm. Please utilize Globant SA's Risk Adjusted Performance of 0.0803, market risk adjusted performance of 0.2074, and Downside Deviation of 2.73 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Globant SA holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 1.21, 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, Globant SA will likely underperform. Please check Globant SA's semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Globant SA's current trending patterns will revert.
Auto-correlation | 0.71 |
Good predictability
Globant SA has good predictability. Overlapping area represents the amount of predictability between Globant SA time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Globant SA price movement. The serial correlation of 0.71 indicates that around 71.0% of current Globant SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 185.37 |
Globant SA lagged returns against current returns
Autocorrelation, which is Globant SA 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 Globant SA's stock expected returns. We can calculate the autocorrelation of Globant SA returns to help us make a trade decision. For example, suppose you find that Globant SA 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 |
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Globant SA 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 Globant SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globant SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globant SA stock over time.
Current vs Lagged Prices |
| Timeline |
Globant SA Lagged Returns
When evaluating Globant SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globant SA stock have on its future price. Globant SA 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, Globant SA autocorrelation shows the relationship between Globant SA stock current value and its past values and can show if there is a momentum factor associated with investing in Globant SA.
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 Globant SA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Globant SA'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 Globant Sa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Globant Sa Stock:Check out Globant SA Correlation, Globant SA Volatility and Globant SA Alpha and Beta module to complement your research on Globant SA. For information on how to trade Globant Stock refer to our How to Trade Globant Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Globant SA 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.