Growgeneration Corp Stock Probability of Future Stock Price Finishing Over 5.84
| GRWG Stock | USD 1.86 0.05 2.62% |
GrowGeneration |
GrowGeneration Corp Target Price Odds to finish over 5.84
The tendency of GrowGeneration Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 5.84 or more in 90 days |
| 1.86 | 90 days | 5.84 | close to zero percent |
Based on a normal probability distribution, the odds of GrowGeneration Corp to move over $ 5.84 or more in 90 days from now is close to zero percent (This GrowGeneration Corp probability density function shows the probability of GrowGeneration Stock to fall within a particular range of prices over 90 days) . Probability of GrowGeneration Corp price to stay between its current price of $ 1.86 and $ 5.84 at the end of the 90-day period is about 87.83 .
Given the investment horizon of 90 days GrowGeneration Corp has a beta of -0.52. This usually indicates as returns on the benchmark increase, returns on holding GrowGeneration Corp are expected to decrease at a much lower rate. During a bear market, however, GrowGeneration Corp is likely to outperform the market. Additionally GrowGeneration Corp has an alpha of 0.0575, implying that it can generate a 0.0575 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). GrowGeneration Corp Price Density |
| Price |
Predictive Modules for GrowGeneration Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GrowGeneration Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GrowGeneration Corp'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.
GrowGeneration Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. GrowGeneration Corp is not an exception. The market had few large corrections towards the GrowGeneration Corp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold GrowGeneration Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of GrowGeneration Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | -0.52 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | -0.03 |
GrowGeneration Corp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of GrowGeneration Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for GrowGeneration Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| GrowGeneration Corp generated a negative expected return over the last 90 days | |
| GrowGeneration Corp may become a speculative penny stock | |
| GrowGeneration Corp has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 225.88 M. Net Loss for the year was (46.5 M) with profit before overhead, payroll, taxes, and interest of 70.26 M. | |
| Latest headline from news.google.com: Nasdaq 100 TR Quote - Press Release - The Globe and Mail |
GrowGeneration Corp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of GrowGeneration Stock often depends not only on the future outlook of the current and potential GrowGeneration Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. GrowGeneration Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 61.2 M | |
| Cash And Short Term Investments | 65 M |
GrowGeneration Corp Technical Analysis
GrowGeneration Corp's future price can be derived by breaking down and analyzing its technical indicators over time. GrowGeneration Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of GrowGeneration Corp. In general, you should focus on analyzing GrowGeneration Stock price patterns and their correlations with different microeconomic environments and drivers.
GrowGeneration Corp Predictive Forecast Models
GrowGeneration Corp's time-series forecasting models is one of many GrowGeneration Corp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary GrowGeneration Corp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about GrowGeneration Corp
Checking the ongoing alerts about GrowGeneration Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for GrowGeneration Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| GrowGeneration Corp generated a negative expected return over the last 90 days | |
| GrowGeneration Corp may become a speculative penny stock | |
| GrowGeneration Corp has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 225.88 M. Net Loss for the year was (46.5 M) with profit before overhead, payroll, taxes, and interest of 70.26 M. | |
| Latest headline from news.google.com: Nasdaq 100 TR Quote - Press Release - The Globe and Mail |
Check out GrowGeneration Corp Backtesting, GrowGeneration Corp Valuation, GrowGeneration Corp Correlation, GrowGeneration Corp Hype Analysis, GrowGeneration Corp Volatility, GrowGeneration Corp History as well as GrowGeneration Corp Performance. For more detail on how to invest in GrowGeneration Stock please use our How to Invest in GrowGeneration Corp guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Home Improvement Retail 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 GrowGeneration Corp. If investors know GrowGeneration 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 GrowGeneration Corp 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 0.147 | Earnings Share (0.88) | Revenue Per Share 3.31 | Quarterly Revenue Growth (0.10) | Return On Assets (0.1) |
The market value of GrowGeneration Corp is measured differently than its book value, which is the value of GrowGeneration that is recorded on the company's balance sheet. Investors also form their own opinion of GrowGeneration Corp's value that differs from its market value or its book value, called intrinsic value, which is GrowGeneration Corp'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 GrowGeneration Corp's market value can be influenced by many factors that don't directly affect GrowGeneration Corp'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 GrowGeneration Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if GrowGeneration Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GrowGeneration Corp'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.