Grocery Outlet Holding Stock Market Value
| GO Stock | USD 18.65 0.21 1.14% |
| Symbol | Grocery |
Grocery Outlet Holding Price To Book Ratio
Is Consumer Staples Distribution & Retail 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 Grocery Outlet. If investors know Grocery 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 Grocery Outlet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.11) | Earnings Share 0.51 | Revenue Per Share 42.988 | Quarterly Revenue Growth 0.104 | Return On Assets 0.0194 |
The market value of Grocery Outlet Holding is measured differently than its book value, which is the value of Grocery that is recorded on the company's balance sheet. Investors also form their own opinion of Grocery Outlet's value that differs from its market value or its book value, called intrinsic value, which is Grocery Outlet'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 Grocery Outlet's market value can be influenced by many factors that don't directly affect Grocery Outlet'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 Grocery Outlet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grocery Outlet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grocery Outlet'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.
Grocery Outlet '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 Grocery Outlet'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 Grocery Outlet.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Grocery Outlet on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Grocery Outlet Holding or generate 0.0% return on investment in Grocery Outlet over 720 days. Grocery Outlet is related to or competes with Village Super, Ocado Group, and Sendas Distribuidora. Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States More
Grocery Outlet 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 Grocery Outlet'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 Grocery Outlet Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.98 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 22.16 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 5.45 |
Grocery Outlet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grocery Outlet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grocery Outlet's standard deviation. In reality, there are many statistical measures that can use Grocery Outlet historical prices to predict the future Grocery Outlet's volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0123 |
Grocery Outlet Holding Backtested Returns
As of now, Grocery Stock is not too volatile. Grocery Outlet Holding holds Efficiency (Sharpe) Ratio of 0.04, which attests that the entity had a 0.04% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Grocery Outlet Holding, which you can use to evaluate the volatility of the firm. Please check out Grocery Outlet's Risk Adjusted Performance of 0.0149, downside deviation of 3.98, and Market Risk Adjusted Performance of 0.0223 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Grocery Outlet has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.97, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Grocery Outlet will likely underperform. Grocery Outlet Holding right now retains a risk of 3.74%. Please check out Grocery Outlet expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Grocery Outlet will be following its current trending patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Grocery Outlet Holding has insignificant reverse predictability. Overlapping area represents the amount of predictability between Grocery Outlet time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Grocery Outlet Holding price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Grocery Outlet price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 18.75 |
Grocery Outlet Holding lagged returns against current returns
Autocorrelation, which is Grocery Outlet 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 Grocery Outlet's stock expected returns. We can calculate the autocorrelation of Grocery Outlet returns to help us make a trade decision. For example, suppose you find that Grocery Outlet 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 |
Grocery Outlet 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 Grocery Outlet stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grocery Outlet stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grocery Outlet stock over time.
Current vs Lagged Prices |
| Timeline |
Grocery Outlet Lagged Returns
When evaluating Grocery Outlet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grocery Outlet stock have on its future price. Grocery Outlet 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, Grocery Outlet autocorrelation shows the relationship between Grocery Outlet stock current value and its past values and can show if there is a momentum factor associated with investing in Grocery Outlet Holding.
Regressed Prices |
| Timeline |
Pair Trading with Grocery Outlet
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Grocery Outlet position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Grocery Outlet will appreciate offsetting losses from the drop in the long position's value.Moving against Grocery Stock
The ability to find closely correlated positions to Grocery Outlet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grocery Outlet when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Grocery Outlet - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Grocery Outlet Holding to buy it.
The correlation of Grocery Outlet is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grocery Outlet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grocery Outlet Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Grocery Outlet can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Grocery Outlet Correlation, Grocery Outlet Volatility and Grocery Outlet Alpha and Beta module to complement your research on Grocery Outlet. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Grocery Outlet 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.