Granite Ridge Resources Stock Alpha and Beta Analysis
| GRNT Stock | USD 6.47 0.08 1.22% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Granite Ridge Resources. It also helps investors analyze the systematic and unsystematic risks associated with investing in Granite Ridge over a specified time horizon. Remember, high Granite Ridge's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Granite Ridge's market risk premium analysis include:
Beta 1.06 | Alpha (0.08) | Risk 1.85 | Sharpe Ratio 0.0716 | Expected Return 0.13 |
Enterprise Value |
|
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Granite |
Granite Ridge Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Granite Ridge market risk premium is the additional return an investor will receive from holding Granite Ridge long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Granite Ridge. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Granite Ridge's performance over market.| α | -0.08 | β | 1.06 |
Granite Ridge expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Granite Ridge's Buy-and-hold return. Our buy-and-hold chart shows how Granite Ridge performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Granite Ridge Market Price Analysis
Market price analysis indicators help investors to evaluate how Granite Ridge stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Granite Ridge shares will generate the highest return on investment. By understating and applying Granite Ridge stock market price indicators, traders can identify Granite Ridge position entry and exit signals to maximize returns.
Granite Ridge Return and Market Media
The median price of Granite Ridge for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 6.18 with a coefficient of variation of 4.02. The daily time series for the period is distributed with a sample standard deviation of 0.25, arithmetic mean of 6.2, and mean deviation of 0.21. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
| Granite Ridge dividend paid on 13th of September 2024 | 09/13/2024 |
1 | CNX Resources Corporation. Q3 Earnings Surpass Estimates | 10/24/2024 |
2 | Acquisition by Darden Thaddeus of 7000 shares of Granite Ridge at 5.9 subject to Rule 16b-3 | 10/25/2024 |
3 | Acquisition by Griffin Perry of 41860 shares of Granite Ridge subject to Rule 16b-3 | 11/05/2024 |
4 | Granite Ridge Resources Has Affirmed Its Dividend Of 0.11 | 11/12/2024 |
5 | Granite Ridge Resources CFO buys 32,750 in stock | 11/13/2024 |
6 | Executive Network Partnering Stock Price Down 0.9 percent Heres What Happened | 11/15/2024 |
7 | Granite Ridge Resources director John McCartney buys 6,590 in shares | 11/19/2024 |
8 | Granite Ridge Resources director Everard buys shares for 6,510 | 11/20/2024 |
9 | Insider Buying Matthew Miller Acquires Additional Shares of Granite Ridge Resources Inc | 11/21/2024 |
10 | Granite Ridge Resources director John McCartney buys 6,620 in stock | 11/22/2024 |
11 | Acquisition by Luke Brandenberg of 2500 shares of Granite Ridge at 6.57 subject to Rule 16b-3 | 11/26/2024 |
About Granite Ridge Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Granite or other stocks. Alpha measures the amount that position in Granite Ridge Resources has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0169 | 0.008884 | 0.0731 | 0.0768 | Price To Sales Ratio | 4.77 | 2.55 | 2.03 | 1.93 |
Granite Ridge Upcoming Company Events
As portrayed in its financial statements, the presentation of Granite Ridge's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Granite Ridge's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Granite Ridge's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Granite Ridge. Please utilize our Beneish M Score to check the likelihood of Granite Ridge's management manipulating its earnings.
| 25th of March 2024 Upcoming Quarterly Report | View | |
| 9th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 25th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Granite Ridge
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Additional Tools for Granite Stock Analysis
When running Granite Ridge's price analysis, check to measure Granite Ridge'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 Ridge is operating at the current time. Most of Granite Ridge's value examination focuses on studying past and present price action to predict the probability of Granite Ridge'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 Ridge's price. Additionally, you may evaluate how the addition of Granite Ridge to your portfolios can decrease your overall portfolio volatility.