Globalstar Stock Market Value
| GSAT Stock | USD 1.59 0.03 1.92% |
| Symbol | Globalstar |
Globalstar Valuation
Is Globalstar'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 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 (0.01) | Revenue Per Share 0.117 | Quarterly Revenue Growth 0.533 | Return On Assets 0.0008 | Return On Equity (0.06) |
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.
| 10/31/2023 |
| 11/30/2023 |
If you would invest 0.00 in Globalstar on October 31, 2023 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 30 days. Globalstar is related to or competes with Intel, Coca Cola, Alcoa Corp, McDonalds, General Electric, Home Depot, and Disney. 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 | 3.27 | |||
| Information Ratio | 0.162 | |||
| Maximum Drawdown | 30.46 | |||
| Value At Risk | (4.93) | |||
| Potential Upside | 6.5 |
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 | 0.135 | |||
| Jensen Alpha | 0.6883 | |||
| Total Risk Alpha | 0.6853 | |||
| Sortino Ratio | 0.2111 | |||
| Treynor Ratio | 0.3291 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Globalstar'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. Please use the tools below to analyze the current value of Globalstar in the context of predictive analytics.
Globalstar Backtested Returns
We consider Globalstar risky. Globalstar holds Efficiency (Sharpe) Ratio of 0.0526, which attests that the entity had 0.0526% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Globalstar, which you can use to evaluate the future volatility of the firm. Please check out Globalstar Downside Deviation of 3.27, risk adjusted performance of 0.135, and Market Risk Adjusted Performance of 0.3391 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Globalstar has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 2.0968, 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. Although it is important to respect Globalstar current price history, it is better to be realistic regarding the information on the equity's current price movements. Our main philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Globalstar technical indicators, you can presently evaluate if the expected return of 0.16% will be sustainable into the future. Globalstar right now retains a risk of 3.1%. Please check out Globalstar standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Globalstar will be following its current trending patterns.
Auto-correlation | -0.84 |
Excellent reverse predictability
Globalstar has excellent reverse predictability. Overlapping area represents the amount of predictability between Globalstar time series from 31st of October 2023 to 15th of November 2023 and 15th of November 2023 to 30th of November 2023. 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 -0.84 indicates that around 84.0% of current Globalstar price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 stock 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 stock 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 |
Globalstar Investors Sentiment
The influence of Globalstar's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Globalstar. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Globalstar's public news can be used to forecast risks associated with an investment in Globalstar. The trend in average sentiment can be used to explain how an investor holding Globalstar can time the market purely based on public headlines and social activities around Globalstar. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Globalstar's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Globalstar's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Globalstar's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Globalstar.
Globalstar Implied Volatility | 58.16 |
Globalstar's implied volatility exposes the market's sentiment of Globalstar stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Globalstar's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Globalstar stock will not fluctuate a lot when Globalstar's options are near their expiration.
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 Globalstar 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, Globalstar's short interest history, or implied volatility extrapolated from Globalstar options trading.
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Check out Globalstar Correlation, Globalstar Volatility and Globalstar Alpha and Beta module to complement your research on Globalstar. For more information on how to buy Globalstar Stock please use our How to Invest in Globalstar guide.Note that the Globalstar information on this page should be used as a complementary analysis to other Globalstar'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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary 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.
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Globalstar 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.