Grindrod Shipping Holdings Price on May 24, 2024

If you're considering investing in Grindrod Stock, it is important to understand the factors that can impact its price. We have found twenty-one technical indicators for Grindrod Shipping, which you can use to evaluate the volatility of the firm. Please check out Grindrod Shipping's Downside Deviation of 0.4635, risk adjusted performance of 0.0895, and Market Risk Adjusted Performance of 0.661 to validate if the risk estimate we provide is consistent with the expected return of 0.0%.
  
Grindrod Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0

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Based on monthly moving average Grindrod Shipping is not performing at its full potential. However, 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 Grindrod Shipping by adding Grindrod Shipping to a well-diversified portfolio.

Related Headline

Genco Shipping Headline on 24th of May 2024

Filed transaction by Genco Shipping Trading Director. Grant, award or other acquisition pursuant to Rule 16b-3(d)

Grindrod Shipping Valuation on May 24, 2024

It is possible to determine the worth of Grindrod Shipping on a given historical date. On May 24, 2024 Grindrod was worth 13.54 at the beginning of the trading date compared to the closed value of 13.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Grindrod Shipping stock. Still, in general, we apply an absolute valuation method to find Grindrod Shipping's 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 Grindrod Shipping where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Grindrod Shipping's related companies.
 Open High Low Close Volume
  13.65    13.65    13.55    13.57    20,779  
05/24/2024
  13.54    13.75    13.54    13.73    5,847  
  13.73    13.89    13.64    13.89    13,401  
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Open Value
13.54
13.73
Closing Value
13.54
Upside

Grindrod Shipping Trading Date Momentum on May 24, 2024

On May 28 2024 Grindrod Shipping Holdings was traded for  13.89  at the closing time. The top price for the day was 13.89  and the lowest listed price was  13.64 . The trading volume for the day was 13.4 K. The trading history from May 28, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 1.17% . The overall trading delta against the current closing price is 0.29% .

Grindrod Shipping Fundamentals Correlations and Trends

By evaluating Grindrod Shipping's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Grindrod Shipping's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Grindrod financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Grindrod Shipping Stock history

Grindrod Shipping 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 Grindrod is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Grindrod Shipping 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 Grindrod Shipping stock prices may prove useful in developing a viable investing in Grindrod Shipping
Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. Grindrod Shipping operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange. It employs 596 people.

Grindrod Shipping Stock Technical Analysis

Grindrod Shipping 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, delisted stock market cycles, or different charting patterns.
A focus of Grindrod Shipping technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Grindrod Shipping trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Grindrod Shipping Period Price Range

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Grindrod Shipping 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.

Grindrod Shipping December 2, 2024 Market Strength

Market strength indicators help investors to evaluate how Grindrod Shipping stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grindrod Shipping shares will generate the highest return on investment. By undertsting and applying Grindrod Shipping stock market strength indicators, traders can identify Grindrod Shipping Holdings entry and exit signals to maximize returns

Grindrod Shipping Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Grindrod Shipping's price direction in advance. Along with the technical and fundamental analysis of Grindrod Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Grindrod 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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Other Consideration for investing in Grindrod Stock

If you are still planning to invest in Grindrod Shipping check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Grindrod Shipping's history and understand the potential risks before investing.
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