Grand Canyon (Germany) Market Value
| GKD Stock | 155.00 1.00 0.65% |
| 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.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Grand Canyon on June 8, 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 540 days. Grand Canyon is related to or competes with Aedas Homes, Haier Smart, INVITATION HOMES, and DFS Furniture. 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 | 1.67 | |||
| Information Ratio | 0.0742 | |||
| Maximum Drawdown | 18.39 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.46 |
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 | 0.1032 | |||
| Jensen Alpha | 0.1152 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.108 | |||
| Treynor Ratio | 0.1888 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grand Canyon's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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 thirty technical indicators for Grand Canyon Education, which you can use to evaluate the volatility of the firm. Please utilize Grand Canyon's market risk adjusted performance of 0.1988, and Risk Adjusted Performance of 0.1032 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 1.57, 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, Grand Canyon will likely underperform. Please check Grand Canyon's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to make a quick decision on whether Grand Canyon's current trending patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
Grand Canyon Education has below average predictability. Overlapping area represents the amount of predictability between Grand Canyon 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 Grand Canyon Education price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Grand Canyon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 82.99 |
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 |
Thematic Opportunities
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Additional Tools for Grand Stock Analysis
When running Grand Canyon's price analysis, check to measure Grand Canyon'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 Grand Canyon is operating at the current time. Most of Grand Canyon's value examination focuses on studying past and present price action to predict the probability of Grand Canyon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grand Canyon's price. Additionally, you may evaluate how the addition of Grand Canyon to your portfolios can decrease your overall portfolio volatility.