Granite Ridge Stock Forecast - Daily Balance Of Power
| GRNT Stock | USD 6.67 0.11 1.62% |
Granite Stock Forecast is based on your current time horizon.
Granite |
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Granite Ridge Trading Date Momentum
| On March 27 2024 Granite Ridge Resources was traded for 6.07 at the closing time. The top price for the day was 6.08 and the lowest listed price was 5.97 . The trading volume for the day was 704.2 K. The trading history from March 27, 2024 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 1.34% . The overall trading delta against the current closing price is 5.18% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Granite Ridge
For every potential investor in Granite, whether a beginner or expert, Granite Ridge's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Granite Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Granite. Basic forecasting techniques help filter out the noise by identifying Granite Ridge's price trends.Granite Ridge Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Granite Ridge stock to make a market-neutral strategy. Peer analysis of Granite Ridge could also be used in its relative valuation, which is a method of valuing Granite Ridge by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Granite Ridge Resources Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Granite Ridge's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Granite Ridge's current price.| Cycle Indicators | ||
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Granite Ridge Market Strength Events
Market strength 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 undertsting and applying Granite Ridge stock market strength indicators, traders can identify Granite Ridge Resources entry and exit signals to maximize returns.
Granite Ridge Risk Indicators
The analysis of Granite Ridge's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Granite Ridge's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting granite stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.47 | |||
| Semi Deviation | 1.83 | |||
| Standard Deviation | 1.87 | |||
| Variance | 3.49 | |||
| Downside Variance | 3.92 | |||
| Semi Variance | 3.36 | |||
| Expected Short fall | (1.60) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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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.