Granite Real Estate Stock Market Value
| GRP-U Stock | USD 53.27 0.40 0.76% |
| Symbol | Granite |
Granite Real '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 Granite Real'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 Granite Real.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Granite Real on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Granite Real Estate or generate 0.0% return on investment in Granite Real over 90 days. Granite Real is related to or competes with Playa Hotels, Kura Sushi, Emerson Radio, Dennys Corp, Cheesecake Factory, and Sweetgreen. Granite Real Estate Investment Trust owns and manages industrial, warehouse, and logistics properties in North America and Europe. More
Granite Real 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 Granite Real'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 Granite Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.86 | |||
| Value At Risk | (5.72) | |||
| Potential Upside | 4.92 |
Granite Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Granite Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Granite Real's standard deviation. In reality, there are many statistical measures that can use Granite Real historical prices to predict the future Granite Real's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.12) |
Granite Real Estate Backtested Returns
Granite Real Estate holds Efficiency (Sharpe) Ratio of -0.0124, which attests that the entity had a -0.0124% return per unit of standard deviation over the last 3 months. Granite Real Estate exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Granite Real's risk adjusted performance of (0), and Market Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Granite Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Granite Real is expected to be smaller as well. At this point, Granite Real Estate has a negative expected return of -0.0349%. Please make sure to check out Granite Real's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Granite Real Estate performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Granite Real Estate has weak reverse predictability. Overlapping area represents the amount of predictability between Granite Real time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Granite Real Estate price movement. The serial correlation of -0.21 indicates that over 21.0% of current Granite Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 3.1 |
Granite Real Estate lagged returns against current returns
Autocorrelation, which is Granite Real 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 Granite Real's stock expected returns. We can calculate the autocorrelation of Granite Real returns to help us make a trade decision. For example, suppose you find that Granite Real 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 |
Granite Real 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 Granite Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Granite Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Granite Real stock over time.
Current vs Lagged Prices |
| Timeline |
Granite Real Lagged Returns
When evaluating Granite Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Granite Real stock have on its future price. Granite Real 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, Granite Real autocorrelation shows the relationship between Granite Real stock current value and its past values and can show if there is a momentum factor associated with investing in Granite Real Estate.
Regressed Prices |
| Timeline |
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Additional Tools for Granite Stock Analysis
When running Granite Real's price analysis, check to measure Granite Real'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 Granite Real is operating at the current time. Most of Granite Real's value examination focuses on studying past and present price action to predict the probability of Granite Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Real's price. Additionally, you may evaluate how the addition of Granite Real to your portfolios can decrease your overall portfolio volatility.