Gildan Activewear Stock Market Value
| GIL Stock | USD 49.62 0.06 0.12% |
| Symbol | Gildan |
Gildan Activewear Price To Book Ratio
Is Apparel, Accessories & Luxury Goods 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 Gildan Activewear. If investors know Gildan 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 Gildan Activewear 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 0.124 | Dividend Share 0.801 | Earnings Share 2.51 | Revenue Per Share 19.316 | Quarterly Revenue Growth 0.024 |
The market value of Gildan Activewear is measured differently than its book value, which is the value of Gildan that is recorded on the company's balance sheet. Investors also form their own opinion of Gildan Activewear's value that differs from its market value or its book value, called intrinsic value, which is Gildan Activewear'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 Gildan Activewear's market value can be influenced by many factors that don't directly affect Gildan Activewear'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 Gildan Activewear's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gildan Activewear is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gildan Activewear'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.
Gildan Activewear '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 Gildan Activewear'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 Gildan Activewear.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Gildan Activewear on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Gildan Activewear or generate 0.0% return on investment in Gildan Activewear over 540 days. Gildan Activewear is related to or competes with Vince Holding, Ermenegildo Zegna, Columbia Sportswear, G III, Oxford Industries, Kontoor Brands, and PVH Corp. Gildan Activewear Inc. manufactures and sells various apparel products in the United States, North America, Europe, Asia... More
Gildan Activewear 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 Gildan Activewear'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 Gildan Activewear upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | 0.0322 | |||
| Maximum Drawdown | 3.82 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.84 |
Gildan Activewear Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gildan Activewear's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gildan Activewear's standard deviation. In reality, there are many statistical measures that can use Gildan Activewear historical prices to predict the future Gildan Activewear's volatility.| Risk Adjusted Performance | 0.1354 | |||
| Jensen Alpha | 0.1293 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0309 | |||
| Treynor Ratio | 0.6877 |
Gildan Activewear Backtested Returns
As of now, Gildan Stock is very steady. Gildan Activewear holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gildan Activewear, which you can use to evaluate the volatility of the firm. Please check out Gildan Activewear's Downside Deviation of 1.01, market risk adjusted performance of 0.6977, and Risk Adjusted Performance of 0.1354 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Gildan Activewear has a performance score of 15 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gildan Activewear's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gildan Activewear is expected to be smaller as well. Gildan Activewear right now retains a risk of 0.91%. Please check out Gildan Activewear total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Gildan Activewear will be following its current trending patterns.
Auto-correlation | 0.66 |
Good predictability
Gildan Activewear has good predictability. Overlapping area represents the amount of predictability between Gildan Activewear time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 Gildan Activewear price movement. The serial correlation of 0.66 indicates that around 66.0% of current Gildan Activewear price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 28.15 |
Gildan Activewear lagged returns against current returns
Autocorrelation, which is Gildan Activewear 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 Gildan Activewear's stock expected returns. We can calculate the autocorrelation of Gildan Activewear returns to help us make a trade decision. For example, suppose you find that Gildan Activewear 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 |
Gildan Activewear 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 Gildan Activewear stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gildan Activewear stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gildan Activewear stock over time.
Current vs Lagged Prices |
| Timeline |
Gildan Activewear Lagged Returns
When evaluating Gildan Activewear's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gildan Activewear stock have on its future price. Gildan Activewear 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, Gildan Activewear autocorrelation shows the relationship between Gildan Activewear stock current value and its past values and can show if there is a momentum factor associated with investing in Gildan Activewear.
Regressed Prices |
| Timeline |
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Gildan Activewear 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.