Glanbia PLC (Ireland) Market Value
GL9 Stock | EUR 17.84 0.14 0.79% |
Symbol | Glanbia |
Glanbia PLC '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 Glanbia PLC'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 Glanbia PLC.
03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Glanbia PLC on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Glanbia PLC or generate 0.0% return on investment in Glanbia PLC over 30 days. Glanbia PLC is related to or competes with Kingspan Group, Smurfit Kappa, and Bank of Ireland. More
Glanbia PLC 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 Glanbia PLC'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 Glanbia PLC upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.28 | |||
Information Ratio | 0.0595 | |||
Maximum Drawdown | 10.06 | |||
Value At Risk | (2.20) | |||
Potential Upside | 1.99 |
Glanbia PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Glanbia PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Glanbia PLC's standard deviation. In reality, there are many statistical measures that can use Glanbia PLC historical prices to predict the future Glanbia PLC's volatility.Risk Adjusted Performance | 0.0821 | |||
Jensen Alpha | 0.1567 | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | 0.0705 | |||
Treynor Ratio | 0.7854 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Glanbia PLC'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.
Glanbia PLC Backtested Returns
Glanbia PLC appears to be very steady, given 3 months investment horizon. Glanbia PLC holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Glanbia PLC, which you can use to evaluate the volatility of the firm. Please utilize Glanbia PLC's market risk adjusted performance of 0.7954, and Risk Adjusted Performance of 0.0821 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Glanbia PLC holds a performance score of 11. 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, Glanbia PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Glanbia PLC is expected to be smaller as well. Please check Glanbia PLC's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Glanbia PLC's current trending patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Glanbia PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Glanbia PLC 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 Glanbia PLC price movement. The serial correlation of -0.16 indicates that over 16.0% of current Glanbia PLC price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.16 | |
Spearman Rank Test | -0.37 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
Glanbia PLC lagged returns against current returns
Autocorrelation, which is Glanbia PLC 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 Glanbia PLC's stock expected returns. We can calculate the autocorrelation of Glanbia PLC returns to help us make a trade decision. For example, suppose you find that Glanbia PLC 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 |
Glanbia PLC 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 Glanbia PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Glanbia PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Glanbia PLC stock over time.
Current vs Lagged Prices |
Timeline |
Glanbia PLC Lagged Returns
When evaluating Glanbia PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Glanbia PLC stock have on its future price. Glanbia PLC 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, Glanbia PLC autocorrelation shows the relationship between Glanbia PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Glanbia PLC.
Regressed Prices |
Timeline |
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 Glanbia PLC 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, Glanbia PLC's short interest history, or implied volatility extrapolated from Glanbia PLC options trading.
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Try AI Portfolio ArchitectCheck out Glanbia PLC Correlation, Glanbia PLC Volatility and Glanbia PLC Alpha and Beta module to complement your research on Glanbia PLC. Note that the Glanbia PLC information on this page should be used as a complementary analysis to other Glanbia PLC's 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Glanbia Stock analysis
When running Glanbia PLC's price analysis, check to measure Glanbia PLC'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 Glanbia PLC is operating at the current time. Most of Glanbia PLC's value examination focuses on studying past and present price action to predict the probability of Glanbia PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glanbia PLC's price. Additionally, you may evaluate how the addition of Glanbia PLC to your portfolios can decrease your overall portfolio volatility.
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