Globalstar Stock Alpha and Beta Analysis

GSAT Stock  USD 1.56  0.11  7.59%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Globalstar. It also helps investors analyze the systematic and unsystematic risks associated with investing in Globalstar over a specified time horizon. Remember, high Globalstar's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Globalstar's market risk premium analysis include:
Beta
2.3
Alpha
(0.21)
Risk
4.26
Sharpe Ratio
0.0342
Expected Return
0.15
Please note that although Globalstar alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Globalstar did 0.21  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Globalstar stock's relative risk over its benchmark. Globalstar has a beta of 2.30  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Globalstar will likely underperform. At this time, Globalstar's Book Value per Share is comparatively stable as compared to the past year. Price to Book Value is likely to gain to 7.15 in 2024, whereas Enterprise Value is likely to drop slightly above 2.1 B in 2024.

Enterprise Value

2.14 Billion

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Globalstar Backtesting, Globalstar Valuation, Globalstar Correlation, Globalstar Hype Analysis, Globalstar Volatility, Globalstar History and analyze Globalstar Performance.
For more information on how to buy Globalstar Stock please use our How to Invest in Globalstar guide.

Globalstar Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Globalstar market risk premium is the additional return an investor will receive from holding Globalstar long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Globalstar. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Globalstar's performance over market.
α-0.21   β2.30

Globalstar expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Globalstar's Buy-and-hold return. Our buy-and-hold chart shows how Globalstar performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Globalstar Market Price Analysis

Market price analysis indicators help investors to evaluate how Globalstar stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Globalstar shares will generate the highest return on investment. By understating and applying Globalstar stock market price indicators, traders can identify Globalstar position entry and exit signals to maximize returns.

Globalstar Return and Market Media

The median price of Globalstar for the period between Sat, Dec 2, 2023 and Fri, Mar 1, 2024 is 1.67 with a coefficient of variation of 9.41. The daily time series for the period is distributed with a sample standard deviation of 0.16, arithmetic mean of 1.69, and mean deviation of 0.13. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Filing
12/07/2023
2
Head-To-Head Survey Globalstar Quebecor
12/13/2023
3
Globalstar says director Lynch buys 750K shares in co
12/20/2023
4
Insider Buying Globalstar, Inc. Director Buys 417,500.00 in Stock
12/22/2023
5
James F. Lynch Purchases 500000 Shares of Globalstar, Inc. Stock - MarketBeat
12/29/2023
6
Hedge Fund and Insider Trading News David Tepper, Bill Ackman, Ken Griffin, Ricky Sandler, ValueAct Capital, Globalstar Inc , Lineage Cell Therapeutics, Inc. , ...
01/03/2024
7
Acquisition by Timothy Taylor of 120000 shares of Globalstar subject to Rule 16b-3
01/04/2024
8
Hedge Fund Anson Gains 18 percent as Activist Stock Wins Outpace Crypto Losses
01/29/2024
9
Globalstar Announces Commercial Availability of XCOM RAN Multipoint Radio System for Private Network Wireless Optimization Solution Being Deployed by Major Glob...
02/23/2024
10
Globalstar Q4 2023 Earnings Preview
02/27/2024
11
Metro One Telecommunications vs. Globalstar Head-To-Head Survey
02/29/2024

About Globalstar Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Globalstar or other stocks. Alpha measures the amount that position in Globalstar has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2023 2024 (projected)
Calculated Tax Rate3.092.71
Long Term Debt to Equity0.480.49

Globalstar Upcoming Company Events

As portrayed in its financial statements, the presentation of Globalstar's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Globalstar's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Globalstar's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Globalstar. Please utilize our Beneish M Score to check the likelihood of Globalstar's management manipulating its earnings.
6th of March 2024
Upcoming Quarterly Report
View
3rd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
6th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

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When determining whether Globalstar is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Globalstar Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Globalstar Stock. Highlighted below are key reports to facilitate an investment decision about Globalstar Stock:
Check out Globalstar Backtesting, Globalstar Valuation, Globalstar Correlation, Globalstar Hype Analysis, Globalstar Volatility, Globalstar History and analyze Globalstar Performance.
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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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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