Glaukos Corp Stock Market Value
| GKOS Stock | USD 143.65 0.96 0.67% |
| Symbol | Glaukos |
Glaukos Corp Price To Book Ratio
Is Health Care Equipment & Supplies 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 Glaukos Corp. If investors know Glaukos 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 Glaukos Corp 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 18.963 | Earnings Share (2.93) | Revenue Per Share 7.056 | Quarterly Revenue Growth 0.239 | Return On Assets (0.08) |
The market value of Glaukos Corp is measured differently than its book value, which is the value of Glaukos that is recorded on the company's balance sheet. Investors also form their own opinion of Glaukos Corp's value that differs from its market value or its book value, called intrinsic value, which is Glaukos Corp'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 Glaukos Corp's market value can be influenced by many factors that don't directly affect Glaukos Corp'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 Glaukos Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Glaukos Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Glaukos Corp'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.
Glaukos Corp '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 Glaukos Corp'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 Glaukos Corp.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Glaukos Corp on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Glaukos Corp or generate 0.0% return on investment in Glaukos Corp over 540 days. Glaukos Corp is related to or competes with Orthopediatrics Corp, CONMED, LivaNova PLC, Paragon 28, Orthofix Medical, Bruker, and Nevro Corp. Glaukos Corporation, an ophthalmic medical technology and pharmaceutical company, focuses on the development of novel th... More
Glaukos Corp 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 Glaukos Corp'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 Glaukos Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.23 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.3 |
Glaukos Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Glaukos Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Glaukos Corp's standard deviation. In reality, there are many statistical measures that can use Glaukos Corp historical prices to predict the future Glaukos Corp's volatility.| Risk Adjusted Performance | 0.0422 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0606 |
Glaukos Corp Backtested Returns
Currently, Glaukos Corp is very steady. Glaukos Corp holds Efficiency (Sharpe) Ratio of 0.0631, which attests that the entity had a 0.0631% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Glaukos Corp, which you can use to evaluate the volatility of the firm. Please check out Glaukos Corp's risk adjusted performance of 0.0422, and Market Risk Adjusted Performance of 0.0706 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Glaukos Corp has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.59, 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, Glaukos Corp will likely underperform. Glaukos Corp right now retains a risk of 2.32%. Please check out Glaukos Corp coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Glaukos Corp will be following its current trending patterns.
Auto-correlation | 0.43 |
Average predictability
Glaukos Corp has average predictability. Overlapping area represents the amount of predictability between Glaukos Corp time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Glaukos Corp price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Glaukos Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 242.45 |
Glaukos Corp lagged returns against current returns
Autocorrelation, which is Glaukos Corp 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 Glaukos Corp's stock expected returns. We can calculate the autocorrelation of Glaukos Corp returns to help us make a trade decision. For example, suppose you find that Glaukos Corp 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 |
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Glaukos Corp 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 Glaukos Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Glaukos Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Glaukos Corp stock over time.
Current vs Lagged Prices |
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Glaukos Corp Lagged Returns
When evaluating Glaukos Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Glaukos Corp stock have on its future price. Glaukos Corp 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, Glaukos Corp autocorrelation shows the relationship between Glaukos Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Glaukos Corp.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for Glaukos Stock Analysis
When running Glaukos Corp's price analysis, check to measure Glaukos Corp'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 Glaukos Corp is operating at the current time. Most of Glaukos Corp's value examination focuses on studying past and present price action to predict the probability of Glaukos Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glaukos Corp's price. Additionally, you may evaluate how the addition of Glaukos Corp to your portfolios can decrease your overall portfolio volatility.