Granprade (South Africa) Market Value
| GPL Stock | 330.00 1.00 0.30% |
| Symbol | Granprade |
Granprade '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 Granprade'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 Granprade.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Granprade on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Granprade or generate 0.0% return on investment in Granprade over 720 days. Granprade is related to or competes with Harmony Gold, MC Mining, and RCL Foods. More
Granprade 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 Granprade'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 Granprade upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 10.16 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 2.86 |
Granprade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Granprade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Granprade's standard deviation. In reality, there are many statistical measures that can use Granprade historical prices to predict the future Granprade's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (1.30) |
Granprade Backtested Returns
Granprade holds Efficiency (Sharpe) Ratio of -0.0892, which attests that the entity had a -0.0892% return per unit of standard deviation over the last 3 months. Granprade exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Granprade's risk adjusted performance of (0.06), and Market Risk Adjusted Performance of (1.29) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Granprade's returns are expected to increase less than the market. However, during the bear market, the loss of holding Granprade is expected to be smaller as well. At this point, Granprade has a negative expected return of -0.16%. Please make sure to check out Granprade's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if Granprade performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Granprade has poor reverse predictability. Overlapping area represents the amount of predictability between Granprade time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Granprade price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Granprade price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 876.4 |
Granprade lagged returns against current returns
Autocorrelation, which is Granprade 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 Granprade's stock expected returns. We can calculate the autocorrelation of Granprade returns to help us make a trade decision. For example, suppose you find that Granprade 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 |
Granprade 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 Granprade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Granprade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Granprade stock over time.
Current vs Lagged Prices |
| Timeline |
Granprade Lagged Returns
When evaluating Granprade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Granprade stock have on its future price. Granprade 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, Granprade autocorrelation shows the relationship between Granprade stock current value and its past values and can show if there is a momentum factor associated with investing in Granprade.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Granprade Stock
Granprade financial ratios help investors to determine whether Granprade 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 Granprade with respect to the benefits of owning Granprade security.