Grindrod's market value is the price at which a share of Grindrod trades on a public exchange. It measures the collective expectations of Grindrod investors about its performance. Grindrod is trading at 1190.00 as of the 9th of January 2025, a 2.06 percent increase since the beginning of the trading day. The stock's lowest day price was 1150.0. With this module, you can estimate the performance of a buy and hold strategy of Grindrod and determine expected loss or profit from investing in Grindrod over a given investment horizon. Check out Grindrod Correlation, Grindrod Volatility and Grindrod Alpha and Beta module to complement your research on Grindrod.
Please note, there is a significant difference between Grindrod's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grindrod is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grindrod'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.
Grindrod '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 Grindrod'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 Grindrod.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Grindrod'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 Grindrod upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grindrod's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grindrod's standard deviation. In reality, there are many statistical measures that can use Grindrod historical prices to predict the future Grindrod's volatility.
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-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grindrod's Standard Deviation of 1.54, risk adjusted performance of (0.20), and Market Risk Adjusted Performance of (2.89) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grindrod's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grindrod is expected to be smaller as well. At this point, Grindrod has a negative expected return of -0.39%. Please make sure to check out Grindrod's value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if Grindrod performance from the past will be repeated at some point in the near future.
Auto-correlation
0.07
Virtually no predictability
Grindrod has virtually no predictability. Overlapping area represents the amount of predictability between Grindrod time series from 10th of November 2024 to 10th of December 2024 and 10th of December 2024 to 9th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Grindrod price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Grindrod price fluctuation can be explain by its past prices.
Correlation Coefficient
0.07
Spearman Rank Test
0.12
Residual Average
0.0
Price Variance
393.56
Grindrod lagged returns against current returns
Autocorrelation, which is Grindrod 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 Grindrod's stock expected returns. We can calculate the autocorrelation of Grindrod returns to help us make a trade decision. For example, suppose you find that Grindrod 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
Grindrod 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 Grindrod stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grindrod stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grindrod stock over time.
Current vs Lagged Prices
Timeline
Grindrod Lagged Returns
When evaluating Grindrod's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grindrod stock have on its future price. Grindrod 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, Grindrod autocorrelation shows the relationship between Grindrod stock current value and its past values and can show if there is a momentum factor associated with investing in Grindrod.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Grindrod financial ratios help investors to determine whether Grindrod Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Grindrod with respect to the benefits of owning Grindrod security.