Grid Return On Assets from 2010 to 2026
| GDYN Stock | USD 9.37 0.54 6.12% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.007847 | Current Value 0.007455 | Quarterly Volatility 0.21711934 |
Check Grid Dynamics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Grid Dynamics' main balance sheet or income statement drivers, such as Tax Provision of 8.5 M, Depreciation And Amortization of 22.6 M or Interest Expense of 1.1 M, as well as many indicators such as Price To Sales Ratio of 3.7, Dividend Yield of 0.004 or PTB Ratio of 6.68. Grid financial statements analysis is a perfect complement when working with Grid Dynamics Valuation or Volatility modules.
Grid | Return On Assets | Build AI portfolio with Grid Stock |
Latest Grid Dynamics' Return On Assets Growth Pattern
Below is the plot of the Return On Assets of Grid Dynamics Holdings over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. Grid Dynamics' Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Grid Dynamics' overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
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Return On Assets |
| Timeline |
Grid Return On Assets Regression Statistics
| Arithmetic Mean | 0.21 | |
| Geometric Mean | 0.1 | |
| Coefficient Of Variation | 102.54 | |
| Mean Deviation | 0.20 | |
| Median | 0.22 | |
| Standard Deviation | 0.22 | |
| Sample Variance | 0.05 | |
| Range | 0.4986 | |
| R-Value | (0.88) | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.78 | |
| Slope | (0.04) | |
| Total Sum of Squares | 0.75 |
Grid Return On Assets History
About Grid Dynamics Financial Statements
Grid Dynamics investors utilize fundamental indicators, such as Return On Assets, to predict how Grid Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Assets | 0.01 | 0.01 |
Pair Trading with Grid Dynamics
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 Grid Dynamics 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 Grid Dynamics will appreciate offsetting losses from the drop in the long position's value.Moving together with Grid Stock
Moving against Grid Stock
| 0.77 | 900901 | Inesa Intelligent Tech | PairCorr |
| 0.73 | AMOD | Alpha Modus Holdings | PairCorr |
| 0.71 | VRRM | Verra Mobility Corp | PairCorr |
| 0.7 | FCT | Firstwave Cloud Tech | PairCorr |
| 0.61 | WIX | WixCom | PairCorr |
The ability to find closely correlated positions to Grid Dynamics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grid Dynamics 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 Grid Dynamics - 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 Grid Dynamics Holdings to buy it.
The correlation of Grid Dynamics 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 Grid Dynamics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grid Dynamics Holdings 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 Grid Dynamics 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 the analysis of Grid Dynamics Correlation against competitors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Internet Services & Infrastructure 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 Grid Dynamics. If investors know Grid 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 Grid Dynamics 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 (0.80) | Earnings Share 0.17 | Revenue Per Share | Quarterly Revenue Growth 0.191 | Return On Assets |
The market value of Grid Dynamics Holdings is measured differently than its book value, which is the value of Grid that is recorded on the company's balance sheet. Investors also form their own opinion of Grid Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Grid Dynamics' 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 Grid Dynamics' market value can be influenced by many factors that don't directly affect Grid Dynamics' 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 Grid Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Grid Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grid Dynamics' 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.