Glimpse Group Stock Market Value
| VRAR Stock | USD 0.70 0.04 5.41% |
| Symbol | Glimpse |
Glimpse Group 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 Glimpse. If investors know Glimpse 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 Glimpse listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.43) | Revenue Per Share 0.528 | Quarterly Revenue Growth (0.41) | Return On Assets (0.25) | Return On Equity (0.56) |
The market value of Glimpse Group is measured differently than its book value, which is the value of Glimpse that is recorded on the company's balance sheet. Investors also form their own opinion of Glimpse's value that differs from its market value or its book value, called intrinsic value, which is Glimpse'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 Glimpse's market value can be influenced by many factors that don't directly affect Glimpse'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 Glimpse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Glimpse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Glimpse'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.
Glimpse '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 Glimpse'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 Glimpse.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Glimpse on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Glimpse Group or generate 0.0% return on investment in Glimpse over 180 days. Glimpse is related to or competes with Palo Alto, GigaCloud Technology, Pagaya Technologies, Telos Corp, Cemtrex, Uipath, and SentinelOne. The Glimpse Group, Inc., a virtual reality and augmented reality platform company, provides enterprise-focused software,... More
Glimpse 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 Glimpse'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 Glimpse Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 36.86 | |||
| Value At Risk | (7.79) | |||
| Potential Upside | 9.38 |
Glimpse Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Glimpse's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Glimpse's standard deviation. In reality, there are many statistical measures that can use Glimpse historical prices to predict the future Glimpse's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (1.32) | |||
| Treynor Ratio | (0.26) |
Glimpse Group Backtested Returns
Glimpse Group holds Efficiency (Sharpe) Ratio of -0.0389, which attests that the entity had a -0.0389% return per unit of risk over the last 3 months. Glimpse Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Glimpse's Standard Deviation of 5.78, market risk adjusted performance of (0.25), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.38, 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, Glimpse will likely underperform. At this point, Glimpse Group has a negative expected return of -0.23%. Please make sure to check out Glimpse's potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Glimpse Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Glimpse Group has good predictability. Overlapping area represents the amount of predictability between Glimpse 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 Glimpse Group price movement. The serial correlation of 0.7 indicates that around 70.0% of current Glimpse price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Glimpse Group lagged returns against current returns
Autocorrelation, which is Glimpse 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 Glimpse's stock expected returns. We can calculate the autocorrelation of Glimpse returns to help us make a trade decision. For example, suppose you find that Glimpse 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 |
Glimpse 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 Glimpse stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Glimpse stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Glimpse stock over time.
Current vs Lagged Prices |
| Timeline |
Glimpse Lagged Returns
When evaluating Glimpse's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Glimpse stock have on its future price. Glimpse 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, Glimpse autocorrelation shows the relationship between Glimpse stock current value and its past values and can show if there is a momentum factor associated with investing in Glimpse Group.
Regressed Prices |
| Timeline |
Pair Trading with Glimpse
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 Glimpse 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 Glimpse will appreciate offsetting losses from the drop in the long position's value.Moving against Glimpse Stock
| 0.74 | CETXP | Cemtrex Pref | PairCorr |
| 0.71 | FFIV | F5 Networks | PairCorr |
| 0.68 | S | SentinelOne | PairCorr |
| 0.68 | FOUR | Shift4 Payments | PairCorr |
| 0.66 | DBX | Dropbox | PairCorr |
The ability to find closely correlated positions to Glimpse could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Glimpse 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 Glimpse - 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 Glimpse Group to buy it.
The correlation of Glimpse 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 Glimpse moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Glimpse Group 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 Glimpse 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.Additional Tools for Glimpse Stock Analysis
When running Glimpse's price analysis, check to measure Glimpse's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Glimpse is operating at the current time. Most of Glimpse's value examination focuses on studying past and present price action to predict the probability of Glimpse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glimpse's price. Additionally, you may evaluate how the addition of Glimpse to your portfolios can decrease your overall portfolio volatility.