Globe Life Stock Market Value

GL Stock  USD 116.37  0.23  0.20%   
Globe Life's market value is the price at which a share of Globe Life trades on a public exchange. It measures the collective expectations of Globe Life investors about its performance. Globe Life is selling for 116.37 as of the 29th of March 2024. This is a -0.2 percent decrease since the beginning of the trading day. The stock's lowest day price was 115.7.
With this module, you can estimate the performance of a buy and hold strategy of Globe Life and determine expected loss or profit from investing in Globe Life over a given investment horizon. Check 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.
Symbol

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
0.168
Dividend Share
0.9
Earnings Share
10.07
Revenue Per Share
57.283
Quarterly Revenue Growth
0.06
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.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Globe Life on April 9, 2022 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 720 days. Globe Life is related to or competes with ATT, Coca Cola, International Business, Cisco Systems, McDonalds, and Intel. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
115.34116.41117.48
Details
Intrinsic
Valuation
LowRealHigh
104.10105.17128.01
Details
Naive
Forecast
LowNextHigh
117.19118.26119.33
Details
9 Analysts
Consensus
LowTargetHigh
115.17126.56140.48
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Globe Life. Your research has to be compared to or analyzed against Globe Life's peers to derive any actionable benefits. When done correctly, Globe Life's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Globe Life.

Globe Life Backtested Returns

Globe Life holds Efficiency (Sharpe) Ratio of -0.0647, which attests that the entity had a -0.0647% return per unit of risk over the last 3 months. Globe Life exposes twenty-two 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 (0.03), market risk adjusted performance of (0.16), and Standard Deviation of 1.03 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.39, which attests to possible diversification benefits within a given portfolio. 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 -0.0694%. 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

    
  0.86  

Very good predictability

Globe Life has very good predictability. Overlapping area represents the amount of predictability between Globe Life time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 0.86 indicates that approximately 86.0% of current Globe Life price fluctuation can be explain by its past prices.
Correlation Coefficient0.86
Spearman Rank Test0.72
Residual Average0.0
Price Variance44.66

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  

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When determining whether Globe Life is a strong investment it is important to analyze Globe Life's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Globe Life's future performance. For an informed investment choice regarding Globe Stock, refer to the following important reports:
Check 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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.
A focus of Globe Life technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Globe Life trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...