Globalstar Stock Market Value
| GSAT Stock | USD 1.98 0.13 7.03% |
| Symbol | Globalstar |
Globalstar Price To Book Ratio
Is Diversified Telecommunication Services space 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 Globalstar. If investors know Globalstar 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 Globalstar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.03) | Revenue Per Share 0.121 | Quarterly Revenue Growth 0.096 | Return On Assets (0.01) | Return On Equity (0.13) |
The market value of Globalstar is measured differently than its book value, which is the value of Globalstar that is recorded on the company's balance sheet. Investors also form their own opinion of Globalstar's value that differs from its market value or its book value, called intrinsic value, which is Globalstar'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 Globalstar's market value can be influenced by many factors that don't directly affect Globalstar'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 Globalstar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Globalstar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Globalstar'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.
Globalstar '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 Globalstar'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 Globalstar.
| 08/10/2024 |
| 11/08/2024 |
If you would invest 0.00 in Globalstar on August 10, 2024 and sell it all today you would earn a total of 0.00 from holding Globalstar or generate 0.0% return on investment in Globalstar over 90 days. Globalstar is related to or competes with Iridium Communications, Lumen Technologies, InterDigital, Cogent Communications, Cable One, Orange SA, and T Mobile. Globalstar, Inc. provides mobile satellite services worldwide More
Globalstar 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 Globalstar'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 Globalstar upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.57 | |||
| Information Ratio | 0.1219 | |||
| Maximum Drawdown | 35.73 | |||
| Value At Risk | (4.90) | |||
| Potential Upside | 10.09 |
Globalstar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Globalstar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Globalstar's standard deviation. In reality, there are many statistical measures that can use Globalstar historical prices to predict the future Globalstar's volatility.| Risk Adjusted Performance | 0.126 | |||
| Jensen Alpha | 0.683 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.2271 | |||
| Treynor Ratio | 0.5701 |
Globalstar Backtested Returns
Globalstar appears to be dangerous, given 3 months investment horizon. Globalstar holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. By evaluating Globalstar's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please utilize Globalstar's Market Risk Adjusted Performance of 0.5801, downside deviation of 3.57, and Risk Adjusted Performance of 0.126 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Globalstar holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 1.73, 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, Globalstar will likely underperform. Please check Globalstar's maximum drawdown, as well as the relationship between the expected short fall and rate of daily change , to make a quick decision on whether Globalstar's current trending patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Globalstar has insignificant reverse predictability. Overlapping area represents the amount of predictability between Globalstar time series from 10th of August 2024 to 24th of September 2024 and 24th of September 2024 to 8th of November 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 Globalstar price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Globalstar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Globalstar lagged returns against current returns
Autocorrelation, which is Globalstar 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 Globalstar's stock expected returns. We can calculate the autocorrelation of Globalstar returns to help us make a trade decision. For example, suppose you find that Globalstar 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 |
Globalstar 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 Globalstar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Globalstar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Globalstar stock over time.
Current vs Lagged Prices |
| Timeline |
Globalstar Lagged Returns
When evaluating Globalstar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Globalstar stock have on its future price. Globalstar 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, Globalstar autocorrelation shows the relationship between Globalstar stock current value and its past values and can show if there is a momentum factor associated with investing in Globalstar.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Globalstar Stock Analysis
When running Globalstar's price analysis, check to measure Globalstar'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 Globalstar is operating at the current time. Most of Globalstar's value examination focuses on studying past and present price action to predict the probability of Globalstar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globalstar's price. Additionally, you may evaluate how the addition of Globalstar to your portfolios can decrease your overall portfolio volatility.