Garmin Stock Market Value
| GRMN Stock | USD 215.40 0.18 0.08% |
| Symbol | Garmin |
Garmin Price To Book Ratio
Is Consumer Electronics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Garmin. If investors know Garmin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Garmin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.545 | Dividend Share 3 | Earnings Share 7.86 | Revenue Per Share 31.044 | Quarterly Revenue Growth 0.241 |
The market value of Garmin is measured differently than its book value, which is the value of Garmin that is recorded on the company's balance sheet. Investors also form their own opinion of Garmin's value that differs from its market value or its book value, called intrinsic value, which is Garmin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Garmin's market value can be influenced by many factors that don't directly affect Garmin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Garmin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Garmin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garmin'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.
Garmin '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 Garmin'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 Garmin.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Garmin on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Garmin or generate 0.0% return on investment in Garmin over 30 days. Garmin is related to or competes with Vontier Corp, Teledyne Technologies, ESCO Technologies, MKS Instruments, Sensata Technologies, Fortive Corp, and Coherent. Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the A... More
Garmin 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 Garmin'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 Garmin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.0645 | |||
| Maximum Drawdown | 26.46 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.45 |
Garmin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Garmin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Garmin's standard deviation. In reality, there are many statistical measures that can use Garmin historical prices to predict the future Garmin's volatility.| Risk Adjusted Performance | 0.0773 | |||
| Jensen Alpha | 0.232 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.124 | |||
| Treynor Ratio | 0.4185 |
Garmin Backtested Returns
Garmin appears to be very steady, given 3 months investment horizon. Garmin holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Garmin, which you can use to evaluate the volatility of the firm. Please utilize Garmin's Risk Adjusted Performance of 0.0773, market risk adjusted performance of 0.4285, and Downside Deviation of 1.66 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Garmin holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.71, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Garmin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Garmin is expected to be smaller as well. Please check Garmin's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Garmin's current trending patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Garmin has below average predictability. Overlapping area represents the amount of predictability between Garmin time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Garmin price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Garmin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 7.19 |
Garmin lagged returns against current returns
Autocorrelation, which is Garmin 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 Garmin's stock expected returns. We can calculate the autocorrelation of Garmin returns to help us make a trade decision. For example, suppose you find that Garmin 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 |
Garmin 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 Garmin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Garmin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Garmin stock over time.
Current vs Lagged Prices |
| Timeline |
Garmin Lagged Returns
When evaluating Garmin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Garmin stock have on its future price. Garmin 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, Garmin autocorrelation shows the relationship between Garmin stock current value and its past values and can show if there is a momentum factor associated with investing in Garmin.
Regressed Prices |
| Timeline |
Pair Trading with Garmin
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Garmin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Garmin will appreciate offsetting losses from the drop in the long position's value.Moving together with Garmin Stock
Moving against Garmin Stock
| 0.88 | ST | Sensata Technologies | PairCorr |
| 0.69 | WATT | Energous | PairCorr |
| 0.67 | SVREW | SaverOne 2014 | PairCorr |
| 0.54 | VPG | Vishay Precision | PairCorr |
The ability to find closely correlated positions to Garmin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Garmin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Garmin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Garmin to buy it.
The correlation of Garmin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Garmin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Garmin moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Garmin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Garmin Correlation, Garmin Volatility and Garmin Alpha and Beta module to complement your research on Garmin. To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Garmin technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.