Grid Dynamics Holdings Stock Price on April 30, 2024
| GDYN Stock | USD 19.01 0.21 1.09% |
If you're considering investing in Grid Stock, it is important to understand the factors that can impact its price. As of today, the current price of Grid Dynamics stands at 19.01, as last reported on the 28th of November, with the highest price reaching 19.43 and the lowest price hitting 18.77 during the day. Grid Dynamics appears to be not too volatile, given 3 months investment horizon. Grid Dynamics Holdings holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. By evaluating Grid Dynamics' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Grid Dynamics' Downside Deviation of 2.63, market risk adjusted performance of 0.745, and Risk Adjusted Performance of 0.1529 to validate if our risk estimates are consistent with your expectations.
Grid Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Grid |
Sharpe Ratio = 0.19
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | GDYN | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.77 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.53 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Grid Dynamics is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Grid Dynamics by adding it to a well-diversified portfolio.
Grid Dynamics Valuation on April 30, 2024
It is possible to determine the worth of Grid Dynamics on a given historical date. On April 30, 2024 Grid was worth 9.75 at the beginning of the trading date compared to the closed value of 9.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Grid Dynamics stock. Still, in general, we apply an absolute valuation method to find Grid Dynamics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Grid Dynamics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Grid Dynamics' related companies.
| Open | High | Low | Close | Volume | |
| 9.94 | 10.11 | 9.76 | 9.82 | 484,397 | |
04/30/2024 | 9.75 | 9.94 | 9.63 | 9.77 | 784,801 |
| 9.85 | 10.09 | 9.73 | 9.91 | 308,328 |
| Backtest Grid Dynamics | | | Grid Dynamics History | | | Grid Dynamics Valuation | Previous | Next |
Grid Dynamics Trading Date Momentum on April 30, 2024
| On May 01 2024 Grid Dynamics Holdings was traded for 9.91 at the closing time. The top price for the day was 10.09 and the lowest listed price was 9.73 . The trading volume for the day was 308.3 K. The trading history from May 1, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 1.43% . The overall trading delta against the current closing price is 7.27% . |
Grid Dynamics Holdings Fundamentals Correlations and Trends
By evaluating Grid Dynamics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Grid Dynamics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Grid financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Grid Dynamics Stock history
Grid Dynamics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Grid is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Grid Dynamics Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Grid Dynamics stock prices may prove useful in developing a viable investing in Grid Dynamics
Grid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise-level digital transformation services in the areas of search, analytics, and release automation for Fortune 1000 corporations in North America, Europe, and internationally. Grid Dynamics Holdings, Inc. was founded in 2006 and is headquartered in San Ramon, California. Grid Dynamics operates under Information Technology Services classification in the United States and is traded on NASDAQ Exchange. It employs 3763 people.
Grid Dynamics Stock Technical Analysis
Grid Dynamics 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.
Price Boundaries
Grid Dynamics Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Grid Dynamics Holdings cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Grid Dynamics November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Grid Dynamics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grid Dynamics shares will generate the highest return on investment. By undertsting and applying Grid Dynamics stock market strength indicators, traders can identify Grid Dynamics Holdings entry and exit signals to maximize returns
Grid Dynamics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Grid Dynamics' price direction in advance. Along with the technical and fundamental analysis of Grid Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Grid to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1529 | |||
| Jensen Alpha | 0.4346 | |||
| Total Risk Alpha | 0.0992 | |||
| Sortino Ratio | 0.1522 | |||
| Treynor Ratio | 0.735 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Grid Dynamics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Business Services 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.
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.