Galectoinc Stock Market Value
GLTO Stock | USD 0.68 0.02 2.86% |
Symbol | GalectoInc |
Is GalectoInc'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 GalectoInc. If investors know GalectoInc 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 GalectoInc 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 GalectoInc is measured differently than its book value, which is the value of GalectoInc that is recorded on the company's balance sheet. Investors also form their own opinion of GalectoInc's value that differs from its market value or its book value, called intrinsic value, which is GalectoInc'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 GalectoInc's market value can be influenced by many factors that don't directly affect GalectoInc'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 GalectoInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if GalectoInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GalectoInc'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.
GalectoInc '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 GalectoInc'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 GalectoInc.
04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in GalectoInc on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding GalectoInc or generate 0.0% return on investment in GalectoInc over 30 days. GalectoInc is related to or competes with Terns Pharmaceuticals, Day One, Acumen Pharmaceuticals, Amylyx Pharmaceuticals, MoonLake Immunotherapeuti, Molecular Partners, and Centessa Pharmaceuticals. Galecto, Inc., a clinical-stage biotechnology company, develops molecules for the treatment of fibrosis, cancer, inflamm... More
GalectoInc 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 GalectoInc'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 GalectoInc upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 4.98 | |||
Information Ratio | 0.0302 | |||
Maximum Drawdown | 23.08 | |||
Value At Risk | (6.58) | |||
Potential Upside | 7.46 |
GalectoInc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GalectoInc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GalectoInc's standard deviation. In reality, there are many statistical measures that can use GalectoInc historical prices to predict the future GalectoInc's volatility.Risk Adjusted Performance | 0.0363 | |||
Jensen Alpha | 0.2627 | |||
Total Risk Alpha | (0.16) | |||
Sortino Ratio | 0.0276 | |||
Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GalectoInc'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.
GalectoInc Backtested Returns
GalectoInc appears to be abnormally volatile, given 3 months investment horizon. GalectoInc holds Efficiency (Sharpe) Ratio of 0.0433, which attests that the entity had a 0.0433% return per unit of risk over the last 3 months. We have found thirty technical indicators for GalectoInc, which you can use to evaluate the volatility of the firm. Please utilize GalectoInc's Downside Deviation of 4.98, market risk adjusted performance of (0.11), and Risk Adjusted Performance of 0.0363 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GalectoInc holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of -1.53, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GalectoInc are expected to decrease by larger amounts. On the other hand, during market turmoil, GalectoInc is expected to outperform it. Please check GalectoInc's sortino ratio and the relationship between the downside variance and market facilitation index , to make a quick decision on whether GalectoInc's current trending patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
GalectoInc has very weak reverse predictability. Overlapping area represents the amount of predictability between GalectoInc time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 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 GalectoInc price movement. The serial correlation of -0.09 indicates that less than 9.0% of current GalectoInc price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.09 | |
Spearman Rank Test | 0.01 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
GalectoInc lagged returns against current returns
Autocorrelation, which is GalectoInc 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 GalectoInc's stock expected returns. We can calculate the autocorrelation of GalectoInc returns to help us make a trade decision. For example, suppose you find that GalectoInc 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 |
GalectoInc 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 GalectoInc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GalectoInc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GalectoInc stock over time.
Current vs Lagged Prices |
Timeline |
GalectoInc Lagged Returns
When evaluating GalectoInc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GalectoInc stock have on its future price. GalectoInc 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, GalectoInc autocorrelation shows the relationship between GalectoInc stock current value and its past values and can show if there is a momentum factor associated with investing in GalectoInc.
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 GalectoInc 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, GalectoInc's short interest history, or implied volatility extrapolated from GalectoInc options trading.
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Try AI Portfolio ArchitectCheck out GalectoInc Correlation, GalectoInc Volatility and GalectoInc Alpha and Beta module to complement your research on GalectoInc. To learn how to invest in GalectoInc Stock, please use our How to Invest in GalectoInc guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for GalectoInc Stock analysis
When running GalectoInc's price analysis, check to measure GalectoInc'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 GalectoInc is operating at the current time. Most of GalectoInc's value examination focuses on studying past and present price action to predict the probability of GalectoInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GalectoInc's price. Additionally, you may evaluate how the addition of GalectoInc to your portfolios can decrease your overall portfolio volatility.
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