GRINM Semiconductor's market value is the price at which a share of GRINM Semiconductor trades on a public exchange. It measures the collective expectations of GRINM Semiconductor Materials investors about its performance. GRINM Semiconductor is trading at 10.79 as of the 17th of January 2025, a 1.51% up since the beginning of the trading day. The stock's open price was 10.63. With this module, you can estimate the performance of a buy and hold strategy of GRINM Semiconductor Materials and determine expected loss or profit from investing in GRINM Semiconductor over a given investment horizon. Check out GRINM Semiconductor Correlation, GRINM Semiconductor Volatility and GRINM Semiconductor Alpha and Beta module to complement your research on GRINM Semiconductor.
Please note, there is a significant difference between GRINM Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if GRINM Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GRINM Semiconductor's 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.
GRINM Semiconductor 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to GRINM Semiconductor's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of GRINM Semiconductor.
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12/18/2024
No Change 0.00
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In 31 days
01/17/2025
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If you would invest 0.00 in GRINM Semiconductor on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding GRINM Semiconductor Materials or generate 0.0% return on investment in GRINM Semiconductor over 30 days. GRINM Semiconductor is related to or competes with Jinlong Machinery, Miracll Chemicals, Shenzhen Clou, Shijiazhuang Tonhe, China Sports, Sihui Fuji, and Everdisplay Optronics. GRINM Semiconductor is entity of China. It is traded as Stock on SHG exchange. More
GRINM Semiconductor Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure GRINM Semiconductor's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess GRINM Semiconductor Materials upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for GRINM Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GRINM Semiconductor's standard deviation. In reality, there are many statistical measures that can use GRINM Semiconductor historical prices to predict the future GRINM Semiconductor's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as GRINM Semiconductor. Your research has to be compared to or analyzed against GRINM Semiconductor's peers to derive any actionable benefits. When done correctly, GRINM Semiconductor's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in GRINM Semiconductor.
GRINM Semiconductor Backtested Returns
GRINM Semiconductor holds Efficiency (Sharpe) Ratio of -0.0798, which attests that the entity had a -0.0798% return per unit of risk over the last 3 months. GRINM Semiconductor exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GRINM Semiconductor's Coefficient Of Variation of (6,195), market risk adjusted performance of (0.15), and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GRINM Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding GRINM Semiconductor is expected to be smaller as well. At this point, GRINM Semiconductor has a negative expected return of -0.2%. Please make sure to check out GRINM Semiconductor's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if GRINM Semiconductor performance from the past will be repeated at future time.
Auto-correlation
-0.31
Poor reverse predictability
GRINM Semiconductor Materials has poor reverse predictability. Overlapping area represents the amount of predictability between GRINM Semiconductor time series from 18th of December 2024 to 2nd of January 2025 and 2nd of January 2025 to 17th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GRINM Semiconductor price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current GRINM Semiconductor price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.31
Spearman Rank Test
-0.25
Residual Average
0.0
Price Variance
0.04
GRINM Semiconductor lagged returns against current returns
Autocorrelation, which is GRINM Semiconductor stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting GRINM Semiconductor's stock expected returns. We can calculate the autocorrelation of GRINM Semiconductor returns to help us make a trade decision. For example, suppose you find that GRINM Semiconductor has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
GRINM Semiconductor regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If GRINM Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GRINM Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GRINM Semiconductor stock over time.
Current vs Lagged Prices
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GRINM Semiconductor Lagged Returns
When evaluating GRINM Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GRINM Semiconductor stock have on its future price. GRINM Semiconductor autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, GRINM Semiconductor autocorrelation shows the relationship between GRINM Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in GRINM Semiconductor Materials.
GRINM Semiconductor financial ratios help investors to determine whether GRINM Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GRINM with respect to the benefits of owning GRINM Semiconductor security.