Growthpoint Properties (South Africa) Market Value
| GRT Stock | 1,207 18.00 1.47% |
| Symbol | Growthpoint |
Growthpoint Properties '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 Growthpoint Properties' 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 Growthpoint Properties.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Growthpoint Properties on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Growthpoint Properties or generate 0.0% return on investment in Growthpoint Properties over 30 days. Growthpoint Properties is related to or competes with Frontier Transport, HomeChoice Investments, Capitec Bank, MC Mining, Blue Label, and Bytes Technology. More
Growthpoint Properties 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 Growthpoint Properties' 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 Growthpoint Properties upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.56 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.85 |
Growthpoint Properties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Growthpoint Properties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Growthpoint Properties' standard deviation. In reality, there are many statistical measures that can use Growthpoint Properties historical prices to predict the future Growthpoint Properties' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (3.03) |
Growthpoint Properties Backtested Returns
Growthpoint Properties holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11 % return per unit of risk over the last 3 months. Growthpoint Properties exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Growthpoint Properties' Market Risk Adjusted Performance of (3.02), risk adjusted performance of (0.08), and Standard Deviation of 1.21 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0416, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Growthpoint Properties' returns are expected to increase less than the market. However, during the bear market, the loss of holding Growthpoint Properties is expected to be smaller as well. At this point, Growthpoint Properties has a negative expected return of -0.14%. Please make sure to check out Growthpoint Properties' kurtosis, day median price, and the relationship between the potential upside and daily balance of power , to decide if Growthpoint Properties performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Growthpoint Properties has modest predictability. Overlapping area represents the amount of predictability between Growthpoint Properties time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Growthpoint Properties price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Growthpoint Properties price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 273.69 |
Growthpoint Properties lagged returns against current returns
Autocorrelation, which is Growthpoint Properties 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 Growthpoint Properties' stock expected returns. We can calculate the autocorrelation of Growthpoint Properties returns to help us make a trade decision. For example, suppose you find that Growthpoint Properties 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 |
Growthpoint Properties 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 Growthpoint Properties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Growthpoint Properties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Growthpoint Properties stock over time.
Current vs Lagged Prices |
| Timeline |
Growthpoint Properties Lagged Returns
When evaluating Growthpoint Properties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Growthpoint Properties stock have on its future price. Growthpoint Properties 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, Growthpoint Properties autocorrelation shows the relationship between Growthpoint Properties stock current value and its past values and can show if there is a momentum factor associated with investing in Growthpoint Properties.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Growthpoint Stock
Growthpoint Properties financial ratios help investors to determine whether Growthpoint Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Growthpoint with respect to the benefits of owning Growthpoint Properties security.