Gms Inc Stock Market Value
| GMS Stock | USD 90.08 1.06 1.16% |
| Symbol | GMS |
GMS Inc Price To Book Ratio
Is GMS'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 GMS. If investors know GMS 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 GMS 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 (0.16) | Earnings Share 7.05 | Revenue Per Share 132.882 | Quarterly Revenue Growth 0.019 | Return On Assets 0.0884 |
The market value of GMS Inc is measured differently than its book value, which is the value of GMS that is recorded on the company's balance sheet. Investors also form their own opinion of GMS's value that differs from its market value or its book value, called intrinsic value, which is GMS'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 GMS's market value can be influenced by many factors that don't directly affect GMS'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 GMS's value and its price as these two are different measures arrived at by different means. Investors typically determine if GMS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GMS'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.
GMS '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 GMS'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 GMS.
| 10/21/2023 |
| 04/18/2024 |
If you would invest 0.00 in GMS on October 21, 2023 and sell it all today you would earn a total of 0.00 from holding GMS Inc or generate 0.0% return on investment in GMS over 180 days. GMS is related to or competes with Quanex Building, Apogee Enterprises, Azek, Beacon Roofing, Janus International, Masonite International, and Gibraltar Industries. GMS Inc. distributes wallboard, ceilings, steel framing and complementary construction products in the United States and... More
GMS 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 GMS'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 GMS Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | 0.1068 | |||
| Maximum Drawdown | 5.78 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.41 |
GMS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GMS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GMS's standard deviation. In reality, there are many statistical measures that can use GMS historical prices to predict the future GMS's volatility.| Risk Adjusted Performance | 0.0979 | |||
| Jensen Alpha | 0.1295 | |||
| Total Risk Alpha | 0.0939 | |||
| Sortino Ratio | 0.1053 | |||
| Treynor Ratio | 0.1359 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GMS'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.
GMS Inc Backtested Returns
We consider GMS very steady. GMS Inc holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for GMS Inc, which you can use to evaluate the volatility of the firm. Please check out GMS's risk adjusted performance of 0.0979, and Market Risk Adjusted Performance of 0.1459 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. GMS has a performance score of 9 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.43, 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, GMS will likely underperform. GMS Inc currently retains a risk of 1.42%. Please check out GMS value at risk, as well as the relationship between the skewness and day median price , to decide if GMS will be following its current trending patterns.
Auto-correlation | 0.93 |
Excellent predictability
GMS Inc has excellent predictability. Overlapping area represents the amount of predictability between GMS time series from 21st of October 2023 to 19th of January 2024 and 19th of January 2024 to 18th 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 GMS Inc price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current GMS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 26.72 |
GMS Inc lagged returns against current returns
Autocorrelation, which is GMS 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 GMS's stock expected returns. We can calculate the autocorrelation of GMS returns to help us make a trade decision. For example, suppose you find that GMS 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 |
GMS 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 GMS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GMS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GMS stock over time.
Current vs Lagged Prices |
| Timeline |
GMS Lagged Returns
When evaluating GMS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GMS stock have on its future price. GMS 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, GMS autocorrelation shows the relationship between GMS stock current value and its past values and can show if there is a momentum factor associated with investing in GMS Inc.
Regressed Prices |
| Timeline |
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Complementary Tools for GMS Stock analysis
When running GMS's price analysis, check to measure GMS'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 GMS is operating at the current time. Most of GMS's value examination focuses on studying past and present price action to predict the probability of GMS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GMS's price. Additionally, you may evaluate how the addition of GMS to your portfolios can decrease your overall portfolio volatility.
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GMS 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.