Grindrod Shipping Holdings Price on June 20, 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 Market Risk Adjusted Performance of 0.661, downside deviation of 0.4635, and Risk Adjusted Performance of 0.0895 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.
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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.
Grindrod Shipping Main Headline on 20th of June 2024
Grindrod Shipping Holdings Ltd. Announces Results of the Ext... by finance.yahoo.com
SINGAPORE, June 20, 2024 -- Grindrod Shipping Holdings Ltd. , a global provider of maritime transportation services predominantly in the drybulk sector, today announced that on June 20, 2024 at 1800 Singapore Standard time, Grindrod Shipping Holdings Ltd. held an extraordinary general meeting of shareholders to consider approval of the proposed selective capital reduction of the Com
Grindrod Shipping Valuation on June 20, 2024
It is possible to determine the worth of Grindrod Shipping on a given historical date. On June 20, 2024 Grindrod was worth 13.96 at the beginning of the trading date compared to the closed value of 13.87. 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 | |
13.50 | 13.60 | 13.42 | 13.55 | 47,980 | |
06/20/2024 | 13.96 | 14.00 | 13.84 | 13.87 | 64,805 |
13.78 | 13.93 | 13.78 | 13.85 | 11,349 |
Backtest Grindrod Shipping | | | Grindrod Shipping History | | | Grindrod Shipping Valuation | Previous | Next |
Grindrod Shipping Trading Date Momentum on June 20, 2024
On June 21 2024 Grindrod Shipping Holdings was traded for 13.85 at the closing time. The top price for the day was 13.93 and the lowest listed price was 13.78 . The trading volume for the day was 11.3 K. The trading history from June 21, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.14% . The overall trading delta against the current closing price is 0.36% . |
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.
Price Boundaries
Grindrod Shipping Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
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.
Risk Adjusted Performance | 0.0895 | |||
Jensen Alpha | 0.0439 | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | (0.16) | |||
Treynor Ratio | 0.651 |
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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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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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