Globus Maritime Stock Market Value
| GLBS Stock | USD 2.18 0.19 9.55% |
| Symbol | Globus |
Globus Maritime Price To Book Ratio
Is Marine Transportation 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 Globus Maritime. If investors know Globus 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 Globus Maritime 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 (0.20) | Earnings Share 0.33 | Revenue Per Share 1.556 | Quarterly Revenue Growth 0.215 | Return On Assets 0.0056 |
The market value of Globus Maritime is measured differently than its book value, which is the value of Globus that is recorded on the company's balance sheet. Investors also form their own opinion of Globus Maritime's value that differs from its market value or its book value, called intrinsic value, which is Globus Maritime'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 Globus Maritime's market value can be influenced by many factors that don't directly affect Globus Maritime'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 Globus Maritime's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globus Maritime is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globus Maritime'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.
Globus Maritime '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 Globus Maritime'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 Globus Maritime.
| 06/23/2024 |
| 09/21/2024 |
If you would invest 0.00 in Globus Maritime on June 23, 2024 and sell it all today you would earn a total of 0.00 from holding Globus Maritime or generate 0.0% return on investment in Globus Maritime over 90 days. Globus Maritime is related to or competes with Safe Bulkers, Safe Bulkers, Safe Bulkers, EuroDry, Pyxis Tankers, and Ardmore Shpng. Globus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide More
Globus Maritime 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 Globus Maritime'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 Globus Maritime upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.0215 | |||
| Maximum Drawdown | 14.95 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 7.57 |
Globus Maritime Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globus Maritime's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globus Maritime's standard deviation. In reality, there are many statistical measures that can use Globus Maritime historical prices to predict the future Globus Maritime's volatility.| Risk Adjusted Performance | 0.0579 | |||
| Jensen Alpha | 0.0144 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0325 | |||
| Treynor Ratio | 0.1243 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Globus Maritime'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.
Globus Maritime Backtested Returns
Globus Maritime appears to be unstable, given 3 months investment horizon. Globus Maritime holds Efficiency (Sharpe) Ratio of 0.0772, which attests that the entity had a 0.0772% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Globus Maritime, which you can use to evaluate the volatility of the firm. Please utilize Globus Maritime's Market Risk Adjusted Performance of 0.1343, risk adjusted performance of 0.0579, and Downside Deviation of 2.01 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Globus Maritime holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 1.45, 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, Globus Maritime will likely underperform. Please check Globus Maritime's maximum drawdown, as well as the relationship between the expected short fall and rate of daily change , to make a quick decision on whether Globus Maritime's current trending patterns will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Globus Maritime has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Globus Maritime time series from 23rd of June 2024 to 7th of August 2024 and 7th of August 2024 to 21st of September 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 Globus Maritime price movement. The serial correlation of -0.71 indicates that around 71.0% of current Globus Maritime price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Globus Maritime lagged returns against current returns
Autocorrelation, which is Globus Maritime 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 Globus Maritime's stock expected returns. We can calculate the autocorrelation of Globus Maritime returns to help us make a trade decision. For example, suppose you find that Globus Maritime 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 |
Globus Maritime 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 Globus Maritime stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globus Maritime stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globus Maritime stock over time.
Current vs Lagged Prices |
| Timeline |
Globus Maritime Lagged Returns
When evaluating Globus Maritime's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globus Maritime stock have on its future price. Globus Maritime 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, Globus Maritime autocorrelation shows the relationship between Globus Maritime stock current value and its past values and can show if there is a momentum factor associated with investing in Globus Maritime.
Regressed Prices |
| Timeline |
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Additional Tools for Globus Stock Analysis
When running Globus Maritime's price analysis, check to measure Globus Maritime'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 Globus Maritime is operating at the current time. Most of Globus Maritime's value examination focuses on studying past and present price action to predict the probability of Globus Maritime's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Maritime's price. Additionally, you may evaluate how the addition of Globus Maritime to your portfolios can decrease your overall portfolio volatility.