Granite Construction Incorporated Stock Market Value
| GVA Stock | USD 74.05 1.63 2.25% |
| Symbol | Granite |
Granite Construction Price To Book Ratio
Is Construction & Engineering 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 Granite Construction. If investors know Granite 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 Granite Construction 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 0.396 | Dividend Share 0.52 | Earnings Share 2.62 | Revenue Per Share | Quarterly Revenue Growth 0.047 |
The market value of Granite Construction is measured differently than its book value, which is the value of Granite that is recorded on the company's balance sheet. Investors also form their own opinion of Granite Construction's value that differs from its market value or its book value, called intrinsic value, which is Granite Construction'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 Granite Construction's market value can be influenced by many factors that don't directly affect Granite Construction'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 Granite Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Granite Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Granite Construction'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.
Granite Construction '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 Granite Construction'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 Granite Construction.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Granite Construction on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Granite Construction Incorporated or generate 0.0% return on investment in Granite Construction over 90 days. Granite Construction is related to or competes with EMCOR, Comfort Systems, Primoris Services, Construction Partners, MYR, Matrix Service, and Api Group. Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the ... More
Granite Construction 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 Granite Construction'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 Granite Construction Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 8.39 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 1.87 |
Granite Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Granite Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Granite Construction's standard deviation. In reality, there are many statistical measures that can use Granite Construction historical prices to predict the future Granite Construction's volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Granite Construction's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Granite Construction Backtested Returns
Granite Construction holds Efficiency (Sharpe) Ratio of -0.21, which attests that the entity had a -0.21 % return per unit of standard deviation over the last 3 months. Granite Construction exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Granite Construction's market risk adjusted performance of (0.51), and Risk Adjusted Performance of (0.22) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.89, which attests to possible diversification benefits within a given portfolio. Granite Construction returns are very sensitive to returns on the market. As the market goes up or down, Granite Construction is expected to follow. At this point, Granite Construction has a negative expected return of -0.37%. Please make sure to check out Granite Construction's maximum drawdown, rate of daily change, and the relationship between the jensen alpha and kurtosis , to decide if Granite Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Granite Construction Incorporated has very weak predictability. Overlapping area represents the amount of predictability between Granite Construction time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Granite Construction price movement. The serial correlation of 0.19 indicates that over 19.0% of current Granite Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 26.39 |
Granite Construction lagged returns against current returns
Autocorrelation, which is Granite Construction 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 Granite Construction's stock expected returns. We can calculate the autocorrelation of Granite Construction returns to help us make a trade decision. For example, suppose you find that Granite Construction 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 |
Granite Construction 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 Granite Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Granite Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Granite Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Granite Construction Lagged Returns
When evaluating Granite Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Granite Construction stock have on its future price. Granite Construction 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, Granite Construction autocorrelation shows the relationship between Granite Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Granite Construction Incorporated.
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.When determining whether Granite Construction offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Granite Construction's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Granite Construction Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Granite Construction Incorporated Stock:Check out Granite Construction Correlation, Granite Construction Volatility and Granite Construction Alpha and Beta module to complement your research on Granite Construction. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Granite Construction 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.