Globe Life Stock Market Value
| GL Stock | USD 78.60 2.84 3.75% |
| Symbol | Globe |
Globe Life Price To Book Ratio
Is Globe Life's industry 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 Globe Life. If investors know Globe 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 Globe Life 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 0.171 | Dividend Share 0.675 | Earnings Share 10.46 | Revenue Per Share 58.678 | Quarterly Revenue Growth 0.072 |
The market value of Globe Life is measured differently than its book value, which is the value of Globe that is recorded on the company's balance sheet. Investors also form their own opinion of Globe Life's value that differs from its market value or its book value, called intrinsic value, which is Globe Life'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 Globe Life's market value can be influenced by many factors that don't directly affect Globe Life'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 Globe Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globe Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globe Life'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.
Globe Life '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 Globe Life'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 Globe Life.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Globe Life on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Globe Life or generate 0.0% return on investment in Globe Life over 30 days. Globe Life is related to or competes with Prudential Public, CNO Financial, MetLife Preferred, American Equity, National Western, MetLife, and Prudential Financial. Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuiti... More
Globe Life 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 Globe Life'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 Globe Life upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 55.16 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 5.44 |
Globe Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globe Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globe Life's standard deviation. In reality, there are many statistical measures that can use Globe Life historical prices to predict the future Globe Life's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (1.35) | |||
| Treynor Ratio | (1.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Globe Life's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Globe Life Backtested Returns
Globe Life holds Efficiency (Sharpe) Ratio of -0.0383, which attests that the entity had a -0.0383% return per unit of risk over the last 3 months. Globe Life exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globe Life's Risk Adjusted Performance of (0.02), standard deviation of 7.48, and Market Risk Adjusted Performance of (1.48) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Globe Life's returns are expected to increase less than the market. However, during the bear market, the loss of holding Globe Life is expected to be smaller as well. Globe Life has an expected return of -0.29%. Please make sure to check out Globe Life potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Globe Life performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Globe Life has poor predictability. Overlapping area represents the amount of predictability between Globe Life time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Globe Life price movement. The serial correlation of 0.25 indicates that over 25.0% of current Globe Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 328.72 |
Globe Life lagged returns against current returns
Autocorrelation, which is Globe Life 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 Globe Life's stock expected returns. We can calculate the autocorrelation of Globe Life returns to help us make a trade decision. For example, suppose you find that Globe Life 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 |
Globe Life 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 Globe Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globe Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globe Life stock over time.
Current vs Lagged Prices |
| Timeline |
Globe Life Lagged Returns
When evaluating Globe Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globe Life stock have on its future price. Globe Life 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, Globe Life autocorrelation shows the relationship between Globe Life stock current value and its past values and can show if there is a momentum factor associated with investing in Globe Life.
Regressed Prices |
| Timeline |
Globe Life Investors Sentiment
The influence of Globe Life's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Globe. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Globe Life's public news can be used to forecast risks associated with an investment in Globe. The trend in average sentiment can be used to explain how an investor holding Globe can time the market purely based on public headlines and social activities around Globe Life. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Globe Life's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Globe Life's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Globe Life's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Globe Life.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Globe Life in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Globe Life's short interest history, or implied volatility extrapolated from Globe Life options trading.
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Try AI Portfolio ArchitectCheck out Globe Life Correlation, Globe Life Volatility and Globe Life Alpha and Beta module to complement your research on Globe Life. For more information on how to buy Globe Stock please use our How to buy in Globe Stock guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Globe Stock analysis
When running Globe Life's price analysis, check to measure Globe Life'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 Globe Life is operating at the current time. Most of Globe Life's value examination focuses on studying past and present price action to predict the probability of Globe Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Life's price. Additionally, you may evaluate how the addition of Globe Life to your portfolios can decrease your overall portfolio volatility.
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Globe Life 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.