GRIT Real (UK) Market Value
| GR1T Stock | 10.50 0.00 0.00% |
| Symbol | GRIT |
GRIT Real '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 GRIT Real'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 GRIT Real.
| 04/21/2024 |
| 12/17/2024 |
If you would invest 0.00 in GRIT Real on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding GRIT Real Estate or generate 0.0% return on investment in GRIT Real over 240 days. GRIT Real is related to or competes with Hochschild Mining, Mindflair Plc, Central Asia, Norwegian Air, and CNH Industrial. GRIT Real is entity of United Kingdom. It is traded as Stock on LSE exchange. More
GRIT Real 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 GRIT Real'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 GRIT Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 8.9 | |||
| Value At Risk | (3.64) |
GRIT Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GRIT Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GRIT Real's standard deviation. In reality, there are many statistical measures that can use GRIT Real historical prices to predict the future GRIT Real's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 6.26 |
GRIT Real Estate Backtested Returns
GRIT Real Estate holds Efficiency (Sharpe) Ratio of -0.23, which attests that the entity had a -0.23% return per unit of risk over the last 3 months. GRIT Real Estate exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GRIT Real's Coefficient Of Variation of (390.89), risk adjusted performance of (0.18), and Market Risk Adjusted Performance of 6.27 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0648, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GRIT Real are expected to decrease at a much lower rate. During the bear market, GRIT Real is likely to outperform the market. At this point, GRIT Real Estate has a negative expected return of -0.35%. Please make sure to check out GRIT Real's standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and jensen alpha , to decide if GRIT Real Estate performance from the past will be repeated at future time.
Auto-correlation | 0.80 |
Very good predictability
GRIT Real Estate has very good predictability. Overlapping area represents the amount of predictability between GRIT Real time series from 21st of April 2024 to 19th of August 2024 and 19th of August 2024 to 17th 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 GRIT Real Estate price movement. The serial correlation of 0.8 indicates that around 80.0% of current GRIT Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 2.62 |
GRIT Real Estate lagged returns against current returns
Autocorrelation, which is GRIT Real 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 GRIT Real's stock expected returns. We can calculate the autocorrelation of GRIT Real returns to help us make a trade decision. For example, suppose you find that GRIT Real 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 |
GRIT Real 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 GRIT Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GRIT Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GRIT Real stock over time.
Current vs Lagged Prices |
| Timeline |
GRIT Real Lagged Returns
When evaluating GRIT Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GRIT Real stock have on its future price. GRIT Real 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, GRIT Real autocorrelation shows the relationship between GRIT Real stock current value and its past values and can show if there is a momentum factor associated with investing in GRIT Real Estate.
Regressed Prices |
| Timeline |
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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.Additional Tools for GRIT Stock Analysis
When running GRIT Real's price analysis, check to measure GRIT Real's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GRIT Real is operating at the current time. Most of GRIT Real's value examination focuses on studying past and present price action to predict the probability of GRIT Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GRIT Real's price. Additionally, you may evaluate how the addition of GRIT Real to your portfolios can decrease your overall portfolio volatility.