On November 25, 2024 Granite Ridge Resources had Day Median Price of 6.73. Median Price is the statistical median of an asset price for a given trading period.
On November 26 2024 Granite Ridge Resources was traded for 6.52 at the closing time. The top price for the day was 6.64 and the lowest listed price was 6.48 . The trading volume for the day was 451.8 K. The trading history from November 26, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.25% . The overall trading delta against the current closing price is 2.55% .
The median price is the midpoint of the trading periods range.
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.
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.
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.
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.
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.
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.
Thematic Opportunities
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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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.