Grifco International Stock Market Value
Grifco International's market value is the price at which a share of Grifco International trades on a public exchange. It measures the collective expectations of Grifco International investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Grifco International and determine expected loss or profit from investing in Grifco International over a given investment horizon. Check out Grifco International Correlation, Grifco International Volatility and Grifco International Alpha and Beta module to complement your research on Grifco International. For more detail on how to invest in Grifco Stock please use our How to Invest in Grifco International guide.
| Symbol | Grifco |
Is Oil & Gas Equipment & 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 Grifco International. If investors know Grifco 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 Grifco International 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 Grifco International is measured differently than its book value, which is the value of Grifco that is recorded on the company's balance sheet. Investors also form their own opinion of Grifco International's value that differs from its market value or its book value, called intrinsic value, which is Grifco International's 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 Grifco International's market value can be influenced by many factors that don't directly affect Grifco International's 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 Grifco International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grifco International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grifco International'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.
Grifco International '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 Grifco International'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 Grifco International.
| 01/09/2024 |
| 12/29/2025 |
If you would invest 0.00 in Grifco International on January 9, 2024 and sell it all today you would earn a total of 0.00 from holding Grifco International or generate 0.0% return on investment in Grifco International over 720 days. Grifco International, Inc. provides oil and gas services equipment for the coil tubing, wire line, and snubbing industry... More
Grifco International 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 Grifco International'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 Grifco International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1253 |
Grifco International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grifco International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grifco International's standard deviation. In reality, there are many statistical measures that can use Grifco International historical prices to predict the future Grifco International's volatility.| Risk Adjusted Performance | 0.0983 | |||
| Jensen Alpha | 16.11 | |||
| Total Risk Alpha | 2.35 | |||
| Treynor Ratio | (4.76) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grifco International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Grifco International Backtested Returns
Grifco International is out of control given 3 months investment horizon. Grifco International holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13 % return per unit of risk over the last 3 months. We were able to break down twelve different technical indicators, which can help you to evaluate if expected returns of 15.87% are justified by taking the suggested risk. Use Grifco International Standard Deviation of 125.99, market risk adjusted performance of (4.75), and Risk Adjusted Performance of 0.0983 to evaluate company specific risk that cannot be diversified away. Grifco International holds a performance score of 10 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -3.33, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Grifco International are expected to decrease by larger amounts. On the other hand, during market turmoil, Grifco International is expected to outperform it. Use Grifco International coefficient of variation, total risk alpha, as well as the relationship between the Total Risk Alpha and kurtosis , to analyze future returns on Grifco International.
Auto-correlation | 0.00 |
No correlation between past and present
Grifco International has no correlation between past and present. Overlapping area represents the amount of predictability between Grifco International time series from 9th of January 2024 to 3rd of January 2025 and 3rd of January 2025 to 29th of December 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 Grifco International price movement. The serial correlation of 0.0 indicates that just 0.0% of current Grifco International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Grifco International lagged returns against current returns
Autocorrelation, which is Grifco International 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 Grifco International's stock expected returns. We can calculate the autocorrelation of Grifco International returns to help us make a trade decision. For example, suppose you find that Grifco International 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 |
Grifco International 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 Grifco International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grifco International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grifco International stock over time.
Current vs Lagged Prices |
| Timeline |
Grifco International Lagged Returns
When evaluating Grifco International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grifco International stock have on its future price. Grifco International 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, Grifco International autocorrelation shows the relationship between Grifco International stock current value and its past values and can show if there is a momentum factor associated with investing in Grifco International.
Regressed Prices |
| Timeline |
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Check out Grifco International Correlation, Grifco International Volatility and Grifco International Alpha and Beta module to complement your research on Grifco International. For more detail on how to invest in Grifco Stock please use our How to Invest in Grifco International guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Grifco International 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.