Graincorp Limited Stock Market Value
| GRCLF Stock | USD 4.97 0.01 0.20% |
| Symbol | GrainCorp |
GrainCorp '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 GrainCorp's pink sheet 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 GrainCorp.
| 11/05/2024 |
| 12/05/2024 |
If you would invest 0.00 in GrainCorp on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding GrainCorp Limited or generate 0.0% return on investment in GrainCorp over 30 days. GrainCorp is related to or competes with Australian Agricultural, Forafric Global, and Forafric Global. GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Mi... More
GrainCorp 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 GrainCorp's pink sheet 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 GrainCorp Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 16.66 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 3.17 |
GrainCorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GrainCorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GrainCorp's standard deviation. In reality, there are many statistical measures that can use GrainCorp historical prices to predict the future GrainCorp's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.34) |
GrainCorp Limited Backtested Returns
GrainCorp Limited holds Efficiency (Sharpe) Ratio of -0.0693, which attests that the entity had a -0.0693% return per unit of standard deviation over the last 3 months. GrainCorp Limited exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GrainCorp's risk adjusted performance of (0.06), and Market Risk Adjusted Performance of (0.33) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GrainCorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding GrainCorp is expected to be smaller as well. At this point, GrainCorp Limited has a negative expected return of -0.18%. Please make sure to check out GrainCorp's treynor ratio, day median price, and the relationship between the information ratio and kurtosis , to decide if GrainCorp Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
GrainCorp Limited has good predictability. Overlapping area represents the amount of predictability between GrainCorp time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 GrainCorp Limited price movement. The serial correlation of 0.78 indicates that around 78.0% of current GrainCorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
GrainCorp Limited lagged returns against current returns
Autocorrelation, which is GrainCorp pink sheet'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 GrainCorp's pink sheet expected returns. We can calculate the autocorrelation of GrainCorp returns to help us make a trade decision. For example, suppose you find that GrainCorp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
GrainCorp 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 GrainCorp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GrainCorp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GrainCorp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
GrainCorp Lagged Returns
When evaluating GrainCorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GrainCorp pink sheet have on its future price. GrainCorp 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, GrainCorp autocorrelation shows the relationship between GrainCorp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in GrainCorp Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GrainCorp Pink Sheet
GrainCorp financial ratios help investors to determine whether GrainCorp Pink Sheet 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 GrainCorp with respect to the benefits of owning GrainCorp security.