GRS Market Value
| GRS Crypto | USD 0.43 0.03 7.50% |
| Symbol | GRS |
GRS '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 GRS's crypto coin 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 GRS.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in GRS on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding GRS or generate 0.0% return on investment in GRS over 360 days. GRS is related to or competes with Bitcoin, Dogecoin, Bitcoin Cash, Litecoin, Ethereum Classic, Bitcoin SV, and Arweave. GRS is peer-to-peer digital currency powered by the Blockchain technology.
GRS 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 GRS's crypto coin 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 GRS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.55 | |||
| Information Ratio | 0.0938 | |||
| Maximum Drawdown | 17.5 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 7.5 |
GRS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GRS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GRS's standard deviation. In reality, there are many statistical measures that can use GRS historical prices to predict the future GRS's volatility.| Risk Adjusted Performance | 0.1029 | |||
| Jensen Alpha | 0.3262 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0747 | |||
| Treynor Ratio | 0.3094 |
GRS Backtested Returns
GRS appears to be very risky, given 3 months investment horizon. GRS holds Efficiency (Sharpe) Ratio of 0.16, which attests that digital coin had a 0.16% return per unit of volatility over the last 3 months. By analyzing GRS's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize GRS's risk adjusted performance of 0.1029, and Market Risk Adjusted Performance of 0.3194 to validate if our risk estimates are consistent with your expectations. The crypto retains a Market Volatility (i.e., Beta) of 1.73, 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, GRS will likely underperform.
Auto-correlation | 0.87 |
Very good predictability
GRS has very good predictability. Overlapping area represents the amount of predictability between GRS time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 GRS price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current GRS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GRS lagged returns against current returns
Autocorrelation, which is GRS crypto coin'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 GRS's crypto coin expected returns. We can calculate the autocorrelation of GRS returns to help us make a trade decision. For example, suppose you find that GRS has exhibited high autocorrelation historically, and you observe that the crypto coin 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 |
GRS 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 GRS crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GRS crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GRS crypto coin over time.
Current vs Lagged Prices |
| Timeline |
GRS Lagged Returns
When evaluating GRS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GRS crypto coin have on its future price. GRS 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, GRS autocorrelation shows the relationship between GRS crypto coin current value and its past values and can show if there is a momentum factor associated with investing in GRS.
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.When determining whether GRS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GRS's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Grs Crypto.Check out GRS Correlation, GRS Volatility and Investing Opportunities module to complement your research on GRS. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
GRS technical crypto coin 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, crypto market cycles, or different charting patterns.