Globalfoundries Price Book Value Ratio from 2010 to 2024
| GFS Stock | USD 53.95 0.23 0.42% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter 3.01253602 | Current Value 4.77 | Quarterly Volatility 0.90134133 |
Check Globalfoundries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Globalfoundries main balance sheet or income statement drivers, such as Tax Provision of 59.4 M, Net Interest Income of 2.1 M or Interest Income of 156.4 M, as well as many exotic indicators such as Price To Sales Ratio of 6.36, Dividend Yield of 0.0 or PTB Ratio of 4.77. Globalfoundries financial statements analysis is a perfect complement when working with Globalfoundries Valuation or Volatility modules.
Globalfoundries | Price Book Value Ratio |
Latest Globalfoundries' Price Book Value Ratio Growth Pattern
Below is the plot of the Price Book Value Ratio of Globalfoundries over the last few years. It is Globalfoundries' Price Book Value Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Globalfoundries' overall financial position and show how it may be relating to other accounts over time.
| Price Book Value Ratio | 10 Years Trend |
|
Price Book Value Ratio |
| Timeline |
Globalfoundries Price Book Value Ratio Regression Statistics
| Arithmetic Mean | 4.88 | |
| Geometric Mean | 4.78 | |
| Coefficient Of Variation | 18.49 | |
| Mean Deviation | 0.63 | |
| Median | 5.19 | |
| Standard Deviation | 0.90 | |
| Sample Variance | 0.81 | |
| Range | 3.5355 | |
| R-Value | (0.49) | |
| Mean Square Error | 0.66 | |
| R-Squared | 0.24 | |
| Significance | 0.06 | |
| Slope | (0.1) | |
| Total Sum of Squares | 11.37 |
Globalfoundries Price Book Value Ratio History
About Globalfoundries Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Globalfoundries income statement, its balance sheet, and the statement of cash flows. Globalfoundries investors use historical funamental indicators, such as Globalfoundries's Price Book Value Ratio, to determine how well the company is positioned to perform in the future. Although Globalfoundries investors may use each financial statement separately, they are all related. The changes in Globalfoundries's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Globalfoundries's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Globalfoundries Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Globalfoundries. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price Book Value Ratio | 3.01 | 4.77 |
Pair Trading with Globalfoundries
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 Globalfoundries 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 Globalfoundries will appreciate offsetting losses from the drop in the long position's value.Moving together with Globalfoundries Stock
| 0.64 | MX | MagnaChip Semiconductor | PairCorr |
| 0.89 | ON | ON Semiconductor | PairCorr |
Moving against Globalfoundries Stock
| 0.44 | MU | Micron Technology Financial Report 26th of June 2024 | PairCorr |
The ability to find closely correlated positions to Globalfoundries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globalfoundries 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 Globalfoundries - 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 Globalfoundries to buy it.
The correlation of Globalfoundries 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 Globalfoundries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globalfoundries 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 Globalfoundries 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 the analysis of Globalfoundries Correlation against competitors. For more information on how to buy Globalfoundries Stock please use our How to Invest in Globalfoundries guide.Note that the Globalfoundries information on this page should be used as a complementary analysis to other Globalfoundries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Globalfoundries Stock analysis
When running Globalfoundries' price analysis, check to measure Globalfoundries' 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 Globalfoundries is operating at the current time. Most of Globalfoundries' value examination focuses on studying past and present price action to predict the probability of Globalfoundries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globalfoundries' price. Additionally, you may evaluate how the addition of Globalfoundries to your portfolios can decrease your overall portfolio volatility.
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Stocks Directory Find actively traded stocks across global markets | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
Is Globalfoundries' 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 Globalfoundries. If investors know Globalfoundries 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 Globalfoundries 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 (0.48) | Earnings Share 1.61 | Revenue Per Share 12.833 | Quarterly Revenue Growth (0.16) | Return On Assets 0.0363 |
The market value of Globalfoundries is measured differently than its book value, which is the value of Globalfoundries that is recorded on the company's balance sheet. Investors also form their own opinion of Globalfoundries' value that differs from its market value or its book value, called intrinsic value, which is Globalfoundries' 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 Globalfoundries' market value can be influenced by many factors that don't directly affect Globalfoundries' 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 Globalfoundries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Globalfoundries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globalfoundries' 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.