Galileo Tech (Israel) Market Value

GLTC Stock   122.00  1.40  1.16%   
Galileo Tech's market value is the price at which a share of Galileo Tech trades on a public exchange. It measures the collective expectations of Galileo Tech investors about its performance. Galileo Tech is trading at 122.00 as of the 4th of March 2025, a 1.16 percent increase since the beginning of the trading day. The stock's open price was 120.6.
With this module, you can estimate the performance of a buy and hold strategy of Galileo Tech and determine expected loss or profit from investing in Galileo Tech over a given investment horizon. Check out Galileo Tech Correlation, Galileo Tech Volatility and Galileo Tech Alpha and Beta module to complement your research on Galileo Tech.
Symbol

Please note, there is a significant difference between Galileo Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Galileo Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Galileo Tech'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.

Galileo Tech '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 Galileo Tech'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 Galileo Tech.
0.00
03/15/2023
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/04/2025
0.00
If you would invest  0.00  in Galileo Tech on March 15, 2023 and sell it all today you would earn a total of 0.00 from holding Galileo Tech or generate 0.0% return on investment in Galileo Tech over 720 days. Galileo Tech is related to or competes with Nextgen, Gencell, Bonus Biogroup, Intelicanna, and Aerodrome. Israel Ltd. develops a system of technology to convert municipal solid waste, green waste, and waste tires into useable ... More

Galileo Tech 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 Galileo Tech'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 Galileo Tech upside and downside potential and time the market with a certain degree of confidence.

Galileo Tech Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Galileo Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Galileo Tech's standard deviation. In reality, there are many statistical measures that can use Galileo Tech historical prices to predict the future Galileo Tech's volatility.
Hype
Prediction
LowEstimatedHigh
115.30122.00128.70
Details
Intrinsic
Valuation
LowRealHigh
96.84103.54134.20
Details
Naive
Forecast
LowNextHigh
121.89128.59135.29
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
101.54118.58135.62
Details

Galileo Tech Backtested Returns

Galileo Tech holds Efficiency (Sharpe) Ratio of -0.0173, which attests that the entity had a -0.0173 % return per unit of risk over the last 3 months. Galileo Tech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Galileo Tech's Market Risk Adjusted Performance of 0.1222, insignificant risk adjusted performance, and Standard Deviation of 6.27 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.88, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Galileo Tech are expected to decrease slowly. On the other hand, during market turmoil, Galileo Tech is expected to outperform it slightly. At this point, Galileo Tech has a negative expected return of -0.12%. Please make sure to check out Galileo Tech's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Galileo Tech performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.71  

Good predictability

Galileo Tech has good predictability. Overlapping area represents the amount of predictability between Galileo Tech time series from 15th of March 2023 to 9th of March 2024 and 9th of March 2024 to 4th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Galileo Tech price movement. The serial correlation of 0.71 indicates that around 71.0% of current Galileo Tech price fluctuation can be explain by its past prices.
Correlation Coefficient0.71
Spearman Rank Test0.77
Residual Average0.0
Price Variance2123.07

Galileo Tech lagged returns against current returns

Autocorrelation, which is Galileo Tech 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 Galileo Tech's stock expected returns. We can calculate the autocorrelation of Galileo Tech returns to help us make a trade decision. For example, suppose you find that Galileo Tech 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  

Galileo Tech 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 Galileo Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Galileo Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Galileo Tech stock over time.
   Current vs Lagged Prices   
       Timeline  

Galileo Tech Lagged Returns

When evaluating Galileo Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Galileo Tech stock have on its future price. Galileo Tech 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, Galileo Tech autocorrelation shows the relationship between Galileo Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Galileo Tech.
   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.

Other Information on Investing in Galileo Stock

Galileo Tech financial ratios help investors to determine whether Galileo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Galileo with respect to the benefits of owning Galileo Tech security.