Guardian Pharmacy Services, Stock Market Value
| GRDN Stock | 24.77 0.20 0.80% |
| Symbol | Guardian |
Is 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 Guardian Pharmacy. If investors know Guardian 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 Guardian Pharmacy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Guardian Pharmacy is measured differently than its book value, which is the value of Guardian that is recorded on the company's balance sheet. Investors also form their own opinion of Guardian Pharmacy's value that differs from its market value or its book value, called intrinsic value, which is Guardian Pharmacy'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 Guardian Pharmacy's market value can be influenced by many factors that don't directly affect Guardian Pharmacy'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 Guardian Pharmacy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guardian Pharmacy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guardian Pharmacy'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.
Guardian Pharmacy '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 Guardian Pharmacy'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 Guardian Pharmacy.
| 11/05/2024 |
| 12/05/2024 |
If you would invest 0.00 in Guardian Pharmacy on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Guardian Pharmacy Services, or generate 0.0% return on investment in Guardian Pharmacy over 30 days. Guardian Pharmacy is related to or competes with Flexible Solutions, Valneva SE, GMS, Apogee Enterprises, Kaltura, Consol Energy, and Senmiao Technology. Guardian Pharmacy is entity of United States More
Guardian Pharmacy 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 Guardian Pharmacy'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 Guardian Pharmacy Services, upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.96 | |||
| Information Ratio | 0.2222 | |||
| Maximum Drawdown | 21.67 | |||
| Value At Risk | (5.35) | |||
| Potential Upside | 6.15 |
Guardian Pharmacy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guardian Pharmacy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guardian Pharmacy's standard deviation. In reality, there are many statistical measures that can use Guardian Pharmacy historical prices to predict the future Guardian Pharmacy's volatility.| Risk Adjusted Performance | 0.2017 | |||
| Jensen Alpha | 0.8058 | |||
| Total Risk Alpha | 0.2735 | |||
| Sortino Ratio | 0.2061 | |||
| Treynor Ratio | 0.8894 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Guardian Pharmacy'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.
Guardian Pharmacy Backtested Returns
Guardian Pharmacy appears to be not too volatile, given 3 months investment horizon. Guardian Pharmacy holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of standard deviation over the last 3 months. By evaluating Guardian Pharmacy's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please utilize Guardian Pharmacy's market risk adjusted performance of 0.8994, and Risk Adjusted Performance of 0.2017 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guardian Pharmacy holds a performance score of 20. The company retains a Market Volatility (i.e., Beta) of 1.07, which attests to a somewhat significant risk relative to the market. Guardian Pharmacy returns are very sensitive to returns on the market. As the market goes up or down, Guardian Pharmacy is expected to follow. Please check Guardian Pharmacy's coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Guardian Pharmacy's current trending patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Guardian Pharmacy Services, has good predictability. Overlapping area represents the amount of predictability between Guardian Pharmacy time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 Guardian Pharmacy price movement. The serial correlation of 0.67 indicates that around 67.0% of current Guardian Pharmacy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Guardian Pharmacy lagged returns against current returns
Autocorrelation, which is Guardian Pharmacy 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 Guardian Pharmacy's stock expected returns. We can calculate the autocorrelation of Guardian Pharmacy returns to help us make a trade decision. For example, suppose you find that Guardian Pharmacy 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 |
Guardian Pharmacy 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 Guardian Pharmacy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guardian Pharmacy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guardian Pharmacy stock over time.
Current vs Lagged Prices |
| Timeline |
Guardian Pharmacy Lagged Returns
When evaluating Guardian Pharmacy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guardian Pharmacy stock have on its future price. Guardian Pharmacy 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, Guardian Pharmacy autocorrelation shows the relationship between Guardian Pharmacy stock current value and its past values and can show if there is a momentum factor associated with investing in Guardian Pharmacy Services,.
Regressed Prices |
| Timeline |
Pair Trading with Guardian Pharmacy
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 Guardian Pharmacy 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 Guardian Pharmacy will appreciate offsetting losses from the drop in the long position's value.Moving against Guardian Stock
| 0.5 | NIVF | NewGenIvf Group | PairCorr |
| 0.46 | TOI | Oncology Institute | PairCorr |
| 0.41 | TOIIW | The Oncology Institute | PairCorr |
| 0.35 | PACS | PACS Group, | PairCorr |
The ability to find closely correlated positions to Guardian Pharmacy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guardian Pharmacy 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 Guardian Pharmacy - 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 Guardian Pharmacy Services, to buy it.
The correlation of Guardian Pharmacy 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 Guardian Pharmacy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guardian Pharmacy 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 Guardian Pharmacy 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 Guardian Pharmacy Correlation, Guardian Pharmacy Volatility and Guardian Pharmacy Alpha and Beta module to complement your research on Guardian Pharmacy. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Guardian Pharmacy 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.