Grindrod (South Africa) Price on April 12, 2024

GND Stock   1,185  5.00  0.42%   
If you're considering investing in Grindrod Stock, it is important to understand the factors that can impact its price. As of today, the current price of Grindrod stands at 1,185, as last reported on the 10th of January, with the highest price reaching 1,207 and the lowest price hitting 1,172 during the day. Grindrod holds Efficiency (Sharpe) Ratio of -0.26, which attests that the entity had a -0.26% return per unit of risk over the last 3 months. Grindrod exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grindrod's Market Risk Adjusted Performance of 5.52, standard deviation of 1.53, and Risk Adjusted Performance of (0.18) to validate the risk estimate we provide.
  
Grindrod Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2633

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Estimated Market Risk

 1.54
  actual daily
13
87% of assets are more volatile

Expected Return

 -0.41
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.26
  actual daily
0
Most of other assets perform better
Based on monthly moving average Grindrod is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Grindrod by adding Grindrod to a well-diversified portfolio.

Grindrod Valuation on April 12, 2024

It is possible to determine the worth of Grindrod on a given historical date. On April 12, 2024 Grindrod was worth 1329.0 at the beginning of the trading date compared to the closed value of 1305.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Grindrod stock. Still, in general, we apply an absolute valuation method to find Grindrod's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Grindrod where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Grindrod's related companies.
 Open High Low Close Volume
  1,287    1,353    1,284    1,332    1,459,625  
04/12/2024
  1,329    1,332    1,300    1,305    413,974  
  1,305    1,312    1,300    1,309    246,599  
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Open Value
1329.0
1305.0
Closing Value
1,334
Upside

Grindrod Trading Date Momentum on April 12, 2024

On April 15 2024 Grindrod was traded for  1,309  at the closing time. The highest price during the trading period was 1,312  and the lowest recorded bid was listed for  1,300 . The volume for the day was 246.6 K. This history from April 15, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 0.31% . The overall trading delta to the current price is 2.68% .

Grindrod Fundamentals Correlations and Trends

By evaluating Grindrod's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Grindrod's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Grindrod financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Grindrod Stock history

Grindrod investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Grindrod is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Grindrod will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Grindrod stock prices may prove useful in developing a viable investing in Grindrod

Grindrod Stock Technical Analysis

Grindrod 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.
A focus of Grindrod technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Grindrod trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Grindrod Period Price Range

Low
January 10, 2025
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High

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Grindrod cannot be verified against its exchange. Please verify the symbol is currently traded on Johannesburg Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Grindrod January 10, 2025 Market Strength

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

Grindrod Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Grindrod's price direction in advance. Along with the technical and fundamental analysis of Grindrod Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Grindrod to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Grindrod Stock analysis

When running Grindrod's price analysis, check to measure Grindrod'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 Grindrod is operating at the current time. Most of Grindrod's value examination focuses on studying past and present price action to predict the probability of Grindrod's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grindrod's price. Additionally, you may evaluate how the addition of Grindrod to your portfolios can decrease your overall portfolio volatility.
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