Great Elm Capital Stock Market Value
| GECCO Stock | USD 24.85 0.05 0.20% |
| Symbol | Great |
Is Business 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 Great Elm. If investors know Great 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 Great Elm listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Great Elm Capital is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Elm's value that differs from its market value or its book value, called intrinsic value, which is Great Elm'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 Great Elm's market value can be influenced by many factors that don't directly affect Great Elm'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 Great Elm's value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Elm is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Elm'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 Elm '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 Elm'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 Elm.
| 10/20/2024 |
| 11/19/2024 |
If you would invest 0.00 in Great Elm on October 20, 2024 and sell it all today you would earn a total of 0.00 from holding Great Elm Capital or generate 0.0% return on investment in Great Elm over 30 days. Great Elm is related to or competes with Prospect Capital, State Street, OFS Credit, OFS Credit, Atlas Corp, Atlas Corp, and Principal Financial. More
Great Elm 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 Great Elm'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 Elm Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4837 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.8972 |
Great Elm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great Elm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great Elm's standard deviation. In reality, there are many statistical measures that can use Great Elm historical prices to predict the future Great Elm's volatility.| Risk Adjusted Performance | 0.0223 | |||
| Jensen Alpha | 0.0179 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Great Elm'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.
Great Elm Capital Backtested Returns
As of now, Great Stock is very steady. Great Elm Capital holds Efficiency (Sharpe) Ratio of 0.0967, which attests that the entity had a 0.0967% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Great Elm Capital, which you can use to evaluate the volatility of the firm. Please check out Great Elm's Downside Deviation of 0.4837, market risk adjusted performance of (0.06), and Risk Adjusted Performance of 0.0223 to validate if the risk estimate we provide is consistent with the expected return of 0.0437%. Great Elm has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Great Elm are expected to decrease at a much lower rate. During the bear market, Great Elm is likely to outperform the market. Great Elm Capital right now retains a risk of 0.45%. Please check out Great Elm downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Great Elm will be following its current trending patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Great Elm Capital has weak reverse predictability. Overlapping area represents the amount of predictability between Great Elm time series from 20th of October 2024 to 4th of November 2024 and 4th of November 2024 to 19th 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 Great Elm Capital price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Great Elm price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Great Elm Capital lagged returns against current returns
Autocorrelation, which is Great Elm 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 Elm's stock expected returns. We can calculate the autocorrelation of Great Elm returns to help us make a trade decision. For example, suppose you find that Great Elm 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 Elm 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 Elm stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great Elm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great Elm stock over time.
Current vs Lagged Prices |
| Timeline |
Great Elm Lagged Returns
When evaluating Great Elm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great Elm stock have on its future price. Great Elm 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 Elm autocorrelation shows the relationship between Great Elm stock current value and its past values and can show if there is a momentum factor associated with investing in Great Elm Capital.
Regressed Prices |
| Timeline |
Pair Trading with Great Elm
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 Great Elm 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 Great Elm will appreciate offsetting losses from the drop in the long position's value.Moving together with Great Stock
Moving against Great Stock
| 0.63 | SVVC | Firsthand Technology | PairCorr |
| 0.51 | JPPYY | Jupai Holdings | PairCorr |
| 0.47 | BCGWW | Binah Capital Group, | PairCorr |
| 0.44 | GLAE | Glassbridge Enterprises | PairCorr |
The ability to find closely correlated positions to Great Elm could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Elm 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 Great Elm - 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 Great Elm Capital to buy it.
The correlation of Great Elm 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 Great Elm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Elm Capital 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 Great Elm 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 Great Elm Correlation, Great Elm Volatility and Great Elm Alpha and Beta module to complement your research on Great Elm. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Great Elm 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.