Granite Construction Incorporated Stock Technical Analysis
GVA Stock | USD 99.37 0.68 0.69% |
As of the 1st of December, Granite Construction retains the risk adjusted performance of 0.2569, and Market Risk Adjusted Performance of 0.4209. Granite Construction technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.
Granite Construction Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Granite, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GraniteGranite |
Granite Construction Analyst Consensus
Target Price | Advice | # of Analysts | |
50.0 | Buy | 3 | Odds |
Most Granite analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Granite stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Granite Construction, talking to its executives and customers, or listening to Granite conference calls.
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.
Granite Construction Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Granite Construction volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Granite Construction Trend Analysis
Use this graph to draw trend lines for Granite Construction Incorporated. You can use it to identify possible trend reversals for Granite Construction as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Granite Construction price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Granite Construction Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Granite Construction Incorporated applied against its price change over selected period. The best fit line has a slop of 0.46 , which may imply that Granite Construction Incorporated will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 7958.61, which is the sum of squared deviations for the predicted Granite Construction price change compared to its average price change.About Granite Construction Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Granite Construction Incorporated on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Granite Construction Incorporated based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Granite Construction price pattern first instead of the macroeconomic environment surrounding Granite Construction. By analyzing Granite Construction's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Granite Construction's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Granite Construction specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2023 | 2024 (projected) | Dividend Yield | 0.0134 | 0.0102 | 0.0127 | Price To Sales Ratio | 0.59 | 0.64 | 0.42 |
Granite Construction December 1, 2024 Technical Indicators
Most technical analysis of Granite help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Granite from various momentum indicators to cycle indicators. When you analyze Granite charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.2569 | |||
Market Risk Adjusted Performance | 0.4209 | |||
Mean Deviation | 1.05 | |||
Semi Deviation | 0.5608 | |||
Downside Deviation | 0.9974 | |||
Coefficient Of Variation | 302.81 | |||
Standard Deviation | 1.39 | |||
Variance | 1.93 | |||
Information Ratio | 0.2311 | |||
Jensen Alpha | 0.3092 | |||
Total Risk Alpha | 0.2167 | |||
Sortino Ratio | 0.3217 | |||
Treynor Ratio | 0.4109 | |||
Maximum Drawdown | 5.35 | |||
Value At Risk | (1.32) | |||
Potential Upside | 2.88 | |||
Downside Variance | 0.9948 | |||
Semi Variance | 0.3145 | |||
Expected Short fall | (1.36) | |||
Skewness | 0.5249 | |||
Kurtosis | 0.7588 |
Complementary Tools for Granite Stock analysis
When running Granite Construction's price analysis, check to measure Granite Construction'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 Granite Construction is operating at the current time. Most of Granite Construction's value examination focuses on studying past and present price action to predict the probability of Granite Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Construction's price. Additionally, you may evaluate how the addition of Granite Construction to your portfolios can decrease your overall portfolio volatility.
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