Gogo Inc Stock Market Value
| GOGO Stock | USD 7.78 0.09 1.14% |
| Symbol | Gogo |
Gogo Inc Price To Book Ratio
Is Wireless Telecommunication Services 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 Gogo. If investors know Gogo 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 Gogo 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 (0.50) | Earnings Share 0.43 | Revenue Per Share 3.139 | Quarterly Revenue Growth 0.026 | Return On Assets 0.0847 |
The market value of Gogo Inc is measured differently than its book value, which is the value of Gogo that is recorded on the company's balance sheet. Investors also form their own opinion of Gogo's value that differs from its market value or its book value, called intrinsic value, which is Gogo'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 Gogo's market value can be influenced by many factors that don't directly affect Gogo'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 Gogo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gogo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gogo'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.
Gogo '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 Gogo'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 Gogo.
| 06/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Gogo on June 20, 2023 and sell it all today you would earn a total of 0.00 from holding Gogo Inc or generate 0.0% return on investment in Gogo over 540 days. Gogo is related to or competes with Digital Ally, Kandi Technologies, Yelp, and National Beverage. Gogo Inc., through its subsidiaries, provides broadband connectivity services to the aviation industry in the United Sta... More
Gogo 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 Gogo'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 Gogo Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 38.75 | |||
| Value At Risk | (5.73) | |||
| Potential Upside | 5.08 |
Gogo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gogo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gogo's standard deviation. In reality, there are many statistical measures that can use Gogo historical prices to predict the future Gogo's volatility.| Risk Adjusted Performance | 0.0256 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.67) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0781 |
Gogo Inc Backtested Returns
As of now, Gogo Stock is slightly risky. Gogo Inc holds Efficiency (Sharpe) Ratio of 0.0359, which attests that the entity had a 0.0359% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Gogo Inc, which you can use to evaluate the volatility of the firm. Please check out Gogo's Risk Adjusted Performance of 0.0256, market risk adjusted performance of 0.0881, and Downside Deviation of 3.41 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Gogo has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.35, 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, Gogo will likely underperform. Gogo Inc right now retains a risk of 4.94%. Please check out Gogo potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Gogo will be following its current trending patterns.
Auto-correlation | 0.38 |
Below average predictability
Gogo Inc has below average predictability. Overlapping area represents the amount of predictability between Gogo time series from 20th of June 2023 to 16th of March 2024 and 16th of March 2024 to 11th of December 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 Gogo Inc price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Gogo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1.39 |
Gogo Inc lagged returns against current returns
Autocorrelation, which is Gogo 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 Gogo's stock expected returns. We can calculate the autocorrelation of Gogo returns to help us make a trade decision. For example, suppose you find that Gogo 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 |
Gogo 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 Gogo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gogo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gogo stock over time.
Current vs Lagged Prices |
| Timeline |
Gogo Lagged Returns
When evaluating Gogo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gogo stock have on its future price. Gogo 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, Gogo autocorrelation shows the relationship between Gogo stock current value and its past values and can show if there is a momentum factor associated with investing in Gogo Inc.
Regressed Prices |
| Timeline |
Pair Trading with Gogo
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 Gogo 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 Gogo will appreciate offsetting losses from the drop in the long position's value.Moving against Gogo Stock
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| 0.71 | ATNI | ATN International | PairCorr |
| 0.61 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.6 | FYBR | Frontier Communications | PairCorr |
The ability to find closely correlated positions to Gogo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gogo 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 Gogo - 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 Gogo Inc to buy it.
The correlation of Gogo 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 Gogo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gogo Inc 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 Gogo 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.Check out Gogo Correlation, Gogo Volatility and Gogo Alpha and Beta module to complement your research on Gogo. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Gogo 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.