Great-West Lifeco's market value is the price at which a share of Great-West Lifeco trades on a public exchange. It measures the collective expectations of Great West Lifeco investors about its performance. Great-West Lifeco is trading at 31.60 as of the 5th of January 2025. This is a 1.86 percent decrease since the beginning of the trading day. The stock's lowest day price was 31.6. With this module, you can estimate the performance of a buy and hold strategy of Great West Lifeco and determine expected loss or profit from investing in Great-West Lifeco over a given investment horizon. Check out Great-West Lifeco Correlation, Great-West Lifeco Volatility and Great-West Lifeco Alpha and Beta module to complement your research on Great-West Lifeco.
Please note, there is a significant difference between Great-West Lifeco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Great-West Lifeco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great-West Lifeco'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.
Great-West Lifeco '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 Great-West Lifeco'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 Great-West Lifeco.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Great-West Lifeco'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 Great West Lifeco upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great-West Lifeco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great-West Lifeco's standard deviation. In reality, there are many statistical measures that can use Great-West Lifeco historical prices to predict the future Great-West Lifeco's volatility.
At this point, Great-West Lifeco is very steady. Great West Lifeco holds Efficiency (Sharpe) Ratio of 0.0595, which attests that the entity had a 0.0595% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Great West Lifeco, which you can use to evaluate the volatility of the firm. Please check out Great-West Lifeco's Downside Deviation of 1.53, risk adjusted performance of 0.0699, and Market Risk Adjusted Performance of 2.01 to validate if the risk estimate we provide is consistent with the expected return of 0.0644%. Great-West Lifeco has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0398, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Great-West Lifeco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Great-West Lifeco is expected to be smaller as well. Great West Lifeco right now retains a risk of 1.08%. Please check out Great-West Lifeco downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to decide if Great-West Lifeco will be following its current trending patterns.
Auto-correlation
-0.42
Modest reverse predictability
Great West Lifeco has modest reverse predictability. Overlapping area represents the amount of predictability between Great-West Lifeco time series from 6th of December 2024 to 21st of December 2024 and 21st of December 2024 to 5th of January 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 Great West Lifeco price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Great-West Lifeco price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.42
Spearman Rank Test
-0.77
Residual Average
0.0
Price Variance
0.07
Great West Lifeco lagged returns against current returns
Autocorrelation, which is Great-West Lifeco 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 Great-West Lifeco's stock expected returns. We can calculate the autocorrelation of Great-West Lifeco returns to help us make a trade decision. For example, suppose you find that Great-West Lifeco 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
Great-West Lifeco 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 Great-West Lifeco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great-West Lifeco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great-West Lifeco stock over time.
Current vs Lagged Prices
Timeline
Great-West Lifeco Lagged Returns
When evaluating Great-West Lifeco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great-West Lifeco stock have on its future price. Great-West Lifeco 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, Great-West Lifeco autocorrelation shows the relationship between Great-West Lifeco stock current value and its past values and can show if there is a momentum factor associated with investing in Great West Lifeco.
Other Information on Investing in Great-West Stock
Great-West Lifeco financial ratios help investors to determine whether Great-West 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 Great-West with respect to the benefits of owning Great-West Lifeco security.