WW Grainger (Germany) Market Value
| GWW Stock | EUR 1,034 11.50 1.10% |
| Symbol | GWW |
WW Grainger '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 WW Grainger'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 WW Grainger.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in WW Grainger on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding WW Grainger or generate 0.0% return on investment in WW Grainger over 720 days. WW Grainger is related to or competes with Fastenal, Watsco, WATSCO INC, RATIONAL UNADR, WESCO International, and Indutrade. Grainger, Inc. distributes maintenance, repair, and operating products and services in the United States, Canada, Europe... More
WW Grainger 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 WW Grainger'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 WW Grainger upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0989 | |||
| Maximum Drawdown | 8.62 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 3.02 |
WW Grainger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WW Grainger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WW Grainger's standard deviation. In reality, there are many statistical measures that can use WW Grainger historical prices to predict the future WW Grainger's volatility.| Risk Adjusted Performance | 0.1072 | |||
| Jensen Alpha | 0.1876 | |||
| Total Risk Alpha | 0.1201 | |||
| Sortino Ratio | 0.1311 | |||
| Treynor Ratio | (8.02) |
WW Grainger Backtested Returns
At this point, WW Grainger is very steady. WW Grainger retains Efficiency (Sharpe Ratio) of 0.12, which attests that the company had a 0.12% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for WW Grainger, which you can use to evaluate the volatility of the company. Please check out WW Grainger's market risk adjusted performance of (8.01), and Standard Deviation of 1.54 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. WW Grainger has a performance score of 9 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.0233, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WW Grainger are expected to decrease at a much lower rate. During the bear market, WW Grainger is likely to outperform the market. WW Grainger at this moment owns a risk of 1.56%. Please check out WW Grainger information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to decide if WW Grainger will be following its current price history.
Auto-correlation | 0.74 |
Good predictability
WW Grainger has good predictability. Overlapping area represents the amount of predictability between WW Grainger time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 WW Grainger price movement. The serial correlation of 0.74 indicates that around 74.0% of current WW Grainger price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 9446.9 |
WW Grainger lagged returns against current returns
Autocorrelation, which is WW Grainger 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 WW Grainger's stock expected returns. We can calculate the autocorrelation of WW Grainger returns to help us make a trade decision. For example, suppose you find that WW Grainger 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 |
WW Grainger 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 WW Grainger stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WW Grainger stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WW Grainger stock over time.
Current vs Lagged Prices |
| Timeline |
WW Grainger Lagged Returns
When evaluating WW Grainger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WW Grainger stock have on its future price. WW Grainger 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, WW Grainger autocorrelation shows the relationship between WW Grainger stock current value and its past values and can show if there is a momentum factor associated with investing in WW Grainger.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in GWW Stock
When determining whether WW Grainger is a strong investment it is important to analyze WW Grainger's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WW Grainger's future performance. For an informed investment choice regarding GWW Stock, refer to the following important reports:Check out WW Grainger Correlation, WW Grainger Volatility and WW Grainger Alpha and Beta module to complement your research on WW Grainger. For more detail on how to invest in GWW Stock please use our How to Invest in WW Grainger guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
WW Grainger 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.