Grand Canyon (Germany) Market Value
| GKD Stock | EUR 152.00 2.00 1.30% |
| Symbol | Grand |
Grand Canyon '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 Grand Canyon'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 Grand Canyon.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Grand Canyon on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Grand Canyon Education or generate 0.0% return on investment in Grand Canyon over 390 days. Grand Canyon is related to or competes with IDP EDUCATION, TAL Education, Graham Holdings, Strategic Education, Chegg, and Laureate Education. Grand Canyon Education, Inc. provides education services in the United States More
Grand Canyon 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 Grand Canyon'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 Grand Canyon Education upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.1203 | |||
| Maximum Drawdown | 14.92 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 4.58 |
Grand Canyon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grand Canyon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grand Canyon's standard deviation. In reality, there are many statistical measures that can use Grand Canyon historical prices to predict the future Grand Canyon's volatility.| Risk Adjusted Performance | 0.1129 | |||
| Jensen Alpha | 0.2861 | |||
| Total Risk Alpha | 0.2352 | |||
| Sortino Ratio | 0.188 | |||
| Treynor Ratio | 0.4843 |
Grand Canyon Education Backtested Returns
Grand Canyon appears to be very steady, given 3 months investment horizon. Grand Canyon Education holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Grand Canyon Education, which you can use to evaluate the volatility of the firm. Please utilize Grand Canyon's risk adjusted performance of 0.1129, and Market Risk Adjusted Performance of 0.4943 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grand Canyon holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Grand Canyon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grand Canyon is expected to be smaller as well. Please check Grand Canyon's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Grand Canyon's current trending patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
Grand Canyon Education has modest predictability. Overlapping area represents the amount of predictability between Grand Canyon time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 Grand Canyon Education price movement. The serial correlation of 0.54 indicates that about 54.0% of current Grand Canyon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 143.74 |
Grand Canyon Education lagged returns against current returns
Autocorrelation, which is Grand Canyon 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 Grand Canyon's stock expected returns. We can calculate the autocorrelation of Grand Canyon returns to help us make a trade decision. For example, suppose you find that Grand Canyon 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 |
Grand Canyon 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 Grand Canyon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grand Canyon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grand Canyon stock over time.
Current vs Lagged Prices |
| Timeline |
Grand Canyon Lagged Returns
When evaluating Grand Canyon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grand Canyon stock have on its future price. Grand Canyon 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, Grand Canyon autocorrelation shows the relationship between Grand Canyon stock current value and its past values and can show if there is a momentum factor associated with investing in Grand Canyon Education.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Grand Stock
When determining whether Grand Canyon Education is a strong investment it is important to analyze Grand Canyon's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Grand Canyon's future performance. For an informed investment choice regarding Grand Stock, refer to the following important reports:Check out Grand Canyon Correlation, Grand Canyon Volatility and Grand Canyon Alpha and Beta module to complement your research on Grand Canyon. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Grand Canyon 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.