Grindrod Ltd Adr Stock Market Value
| GRDLY Stock | USD 18.00 0.00 0.00% |
| Symbol | Grindrod |
Grindrod '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 Grindrod's pink sheet 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 Grindrod.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Grindrod on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Grindrod Ltd ADR or generate 0.0% return on investment in Grindrod over 60 days. Grindrod is related to or competes with Inhibrx, Acumen Pharmaceuticals, Dominos Pizza, Western Midstream, Kinsale Capital, Chemours, and Wendys. Grindrod Limited, through its subsidiaries, engages in freight services, shipping, and financial services businesses wor... More
Grindrod 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 Grindrod's pink sheet 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 Grindrod Ltd ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.41) | |||
| Maximum Drawdown | 0.7275 |
Grindrod Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grindrod's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grindrod's standard deviation. In reality, there are many statistical measures that can use Grindrod historical prices to predict the future Grindrod's volatility.| Risk Adjusted Performance | 0.0187 | |||
| Total Risk Alpha | (0.01) |
Grindrod ADR Backtested Returns
At this stage we consider Grindrod Pink Sheet to be very steady. Grindrod ADR 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 have found thirteen technical indicators for Grindrod ADR, which you can use to evaluate the volatility of the firm. Please check out Grindrod's Variance of 0.008, mean deviation of 0.0217, and Risk Adjusted Performance of 0.0187 to validate if the risk estimate we provide is consistent with the expected return of 0.0114%. Grindrod has a performance score of 9 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Grindrod are completely uncorrelated. Grindrod ADR right now retains a risk of 0.0909%. Please check out Grindrod standard deviation and day median price , to decide if Grindrod will be following its current trending patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Grindrod Ltd ADR has no correlation between past and present. Overlapping area represents the amount of predictability between Grindrod time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd of December 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 Grindrod ADR price movement. The serial correlation of 0.0 indicates that just 0.0% of current Grindrod 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 |
Grindrod ADR lagged returns against current returns
Autocorrelation, which is Grindrod pink sheet'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 Grindrod's pink sheet expected returns. We can calculate the autocorrelation of Grindrod returns to help us make a trade decision. For example, suppose you find that Grindrod has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Grindrod 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 Grindrod pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grindrod pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grindrod pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Grindrod Lagged Returns
When evaluating Grindrod's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grindrod pink sheet have on its future price. Grindrod 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, Grindrod autocorrelation shows the relationship between Grindrod pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Grindrod Ltd ADR.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Grindrod Pink Sheet Analysis
When running Grindrod's price analysis, check to measure Grindrod's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Grindrod is operating at the current time. Most of Grindrod's value examination focuses on studying past and present price action to predict the probability of Grindrod's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grindrod's price. Additionally, you may evaluate how the addition of Grindrod to your portfolios can decrease your overall portfolio volatility.