Growgeneration Corp Stock Market Value
| GRWG Stock | USD 1.86 0.01 0.54% |
| Symbol | GrowGeneration |
GrowGeneration Corp Price To Book Ratio
Is Home Improvement 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 GrowGeneration Corp. If investors know GrowGeneration 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 GrowGeneration Corp 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 0.147 | Earnings Share (0.88) | Revenue Per Share 3.31 | Quarterly Revenue Growth (0.10) | Return On Assets (0.1) |
The market value of GrowGeneration Corp is measured differently than its book value, which is the value of GrowGeneration that is recorded on the company's balance sheet. Investors also form their own opinion of GrowGeneration Corp's value that differs from its market value or its book value, called intrinsic value, which is GrowGeneration Corp'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 GrowGeneration Corp's market value can be influenced by many factors that don't directly affect GrowGeneration Corp'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 GrowGeneration Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if GrowGeneration Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GrowGeneration Corp'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.
GrowGeneration Corp '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 GrowGeneration Corp'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 GrowGeneration Corp.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in GrowGeneration Corp on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding GrowGeneration Corp or generate 0.0% return on investment in GrowGeneration Corp over 30 days. GrowGeneration Corp is related to or competes with Evgo, Ulta Beauty, Best Buy, RH, Pet Acquisition, ChargePoint Holdings, and Dicks Sporting. GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the ... More
GrowGeneration Corp 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 GrowGeneration Corp'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 GrowGeneration Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 23.01 | |||
| Value At Risk | (5.62) | |||
| Potential Upside | 5.5 |
GrowGeneration Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GrowGeneration Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GrowGeneration Corp's standard deviation. In reality, there are many statistical measures that can use GrowGeneration Corp historical prices to predict the future GrowGeneration Corp's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 1.13 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GrowGeneration Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
GrowGeneration Corp Backtested Returns
GrowGeneration Corp holds Efficiency (Sharpe) Ratio of -0.0543, which attests that the entity had a -0.0543% return per unit of risk over the last 3 months. GrowGeneration Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GrowGeneration Corp's Market Risk Adjusted Performance of 1.14, risk adjusted performance of (0.03), and Standard Deviation of 3.87 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GrowGeneration Corp are expected to decrease at a much lower rate. During the bear market, GrowGeneration Corp is likely to outperform the market. At this point, GrowGeneration Corp has a negative expected return of -0.21%. Please make sure to check out GrowGeneration Corp's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if GrowGeneration Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.36 |
Poor reverse predictability
GrowGeneration Corp has poor reverse predictability. Overlapping area represents the amount of predictability between GrowGeneration Corp time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 GrowGeneration Corp price movement. The serial correlation of -0.36 indicates that just about 36.0% of current GrowGeneration Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GrowGeneration Corp lagged returns against current returns
Autocorrelation, which is GrowGeneration Corp 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 GrowGeneration Corp's stock expected returns. We can calculate the autocorrelation of GrowGeneration Corp returns to help us make a trade decision. For example, suppose you find that GrowGeneration Corp 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 |
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GrowGeneration Corp 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 GrowGeneration Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GrowGeneration Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GrowGeneration Corp stock over time.
Current vs Lagged Prices |
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GrowGeneration Corp Lagged Returns
When evaluating GrowGeneration Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GrowGeneration Corp stock have on its future price. GrowGeneration Corp 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, GrowGeneration Corp autocorrelation shows the relationship between GrowGeneration Corp stock current value and its past values and can show if there is a momentum factor associated with investing in GrowGeneration Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether GrowGeneration Corp is a strong investment it is important to analyze GrowGeneration Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact GrowGeneration Corp's future performance. For an informed investment choice regarding GrowGeneration Stock, refer to the following important reports:Check out GrowGeneration Corp Correlation, GrowGeneration Corp Volatility and GrowGeneration Corp Alpha and Beta module to complement your research on GrowGeneration Corp. For more detail on how to invest in GrowGeneration Stock please use our How to Invest in GrowGeneration Corp guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
GrowGeneration Corp 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.