Grand River Commerce Stock Market Value
| GNRV Stock | USD 3.05 0.16 5.54% |
| Symbol | Grand |
Grand River '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 River's otc 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 River.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Grand River on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Grand River Commerce or generate 0.0% return on investment in Grand River over 30 days. Grand River is related to or competes with First Hawaiian, Central Pacific, Territorial Bancorp, Comerica, Bank of Hawaii, Lloyds Banking, and Zions Bancorporation. Grand River Commerce, Inc. operates as the bank holding company for Grand River Bank that provides various commercial an... More
Grand River 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 River's otc 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 River Commerce upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.93 | |||
| Information Ratio | 0.0309 | |||
| Maximum Drawdown | 18.72 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 5.54 |
Grand River Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grand River's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grand River's standard deviation. In reality, there are many statistical measures that can use Grand River historical prices to predict the future Grand River's volatility.| Risk Adjusted Performance | 0.0676 | |||
| Jensen Alpha | 0.3941 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0149 | |||
| Treynor Ratio | (0.16) |
Grand River Commerce Backtested Returns
At this stage we consider Grand OTC Stock to be unstable. Grand River Commerce holds Efficiency (Sharpe) Ratio of 0.0608, which attests that the entity had a 0.0608% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Grand River Commerce, which you can use to evaluate the volatility of the firm. Please check out Grand River's market risk adjusted performance of (0.15), and Risk Adjusted Performance of 0.0676 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Grand River has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -1.39, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Grand River are expected to decrease by larger amounts. On the other hand, during market turmoil, Grand River is expected to outperform it. Grand River Commerce right now retains a risk of 2.88%. Please check out Grand River value at risk, and the relationship between the information ratio and kurtosis , to decide if Grand River will be following its current trending patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Grand River Commerce has weak reverse predictability. Overlapping area represents the amount of predictability between Grand River time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 River Commerce price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Grand River price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Grand River Commerce lagged returns against current returns
Autocorrelation, which is Grand River otc 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 River's otc stock expected returns. We can calculate the autocorrelation of Grand River returns to help us make a trade decision. For example, suppose you find that Grand River has exhibited high autocorrelation historically, and you observe that the otc 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 River 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 River otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grand River otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grand River otc stock over time.
Current vs Lagged Prices |
| Timeline |
Grand River Lagged Returns
When evaluating Grand River's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grand River otc stock have on its future price. Grand River 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 River autocorrelation shows the relationship between Grand River otc stock current value and its past values and can show if there is a momentum factor associated with investing in Grand River Commerce.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Grand OTC Stock Analysis
When running Grand River's price analysis, check to measure Grand River'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 River is operating at the current time. Most of Grand River's value examination focuses on studying past and present price action to predict the probability of Grand River'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 River's price. Additionally, you may evaluate how the addition of Grand River to your portfolios can decrease your overall portfolio volatility.