Gryphon Digital Mining Stock Market Value
| GRYP Stock | 0.69 0.03 4.55% |
| Symbol | Gryphon |
Gryphon Digital Mining Price To Book Ratio
Is Application Software 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 Gryphon Digital. If investors know Gryphon 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 Gryphon Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.31) | Revenue Per Share 0.69 | Quarterly Revenue Growth 0.044 | Return On Assets (0.40) | Return On Equity (17.74) |
The market value of Gryphon Digital Mining is measured differently than its book value, which is the value of Gryphon that is recorded on the company's balance sheet. Investors also form their own opinion of Gryphon Digital's value that differs from its market value or its book value, called intrinsic value, which is Gryphon Digital'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 Gryphon Digital's market value can be influenced by many factors that don't directly affect Gryphon Digital'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 Gryphon Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gryphon Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gryphon Digital'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.
Gryphon Digital '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 Gryphon Digital'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 Gryphon Digital.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Gryphon Digital on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Gryphon Digital Mining or generate 0.0% return on investment in Gryphon Digital over 30 days. Gryphon Digital is related to or competes with Ecolab, Albemarle, SNDL, Natural Alternatives, NH Foods, Sensient Technologies, and Luxfer Holdings. Gryphon Digital is entity of United States More
Gryphon Digital 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 Gryphon Digital'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 Gryphon Digital Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.71 | |||
| Information Ratio | 0.0144 | |||
| Maximum Drawdown | 45.72 | |||
| Value At Risk | (8.70) | |||
| Potential Upside | 16.39 |
Gryphon Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gryphon Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gryphon Digital's standard deviation. In reality, there are many statistical measures that can use Gryphon Digital historical prices to predict the future Gryphon Digital's volatility.| Risk Adjusted Performance | 0.0315 | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (1.14) | |||
| Sortino Ratio | 0.0164 | |||
| Treynor Ratio | 0.0492 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gryphon Digital'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.
Gryphon Digital Mining Backtested Returns
Gryphon Digital appears to be out of control, given 3 months investment horizon. Gryphon Digital Mining holds Efficiency (Sharpe) Ratio of 0.0367, which attests that the entity had a 0.0367% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gryphon Digital Mining, which you can use to evaluate the volatility of the firm. Please utilize Gryphon Digital's Market Risk Adjusted Performance of 0.0592, downside deviation of 7.71, and Risk Adjusted Performance of 0.0315 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gryphon Digital holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of 5.03, 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, Gryphon Digital will likely underperform. Please check Gryphon Digital's sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether Gryphon Digital's current trending patterns will revert.
Auto-correlation | 0.40 |
Average predictability
Gryphon Digital Mining has average predictability. Overlapping area represents the amount of predictability between Gryphon Digital time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Gryphon Digital Mining price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Gryphon Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gryphon Digital Mining lagged returns against current returns
Autocorrelation, which is Gryphon Digital 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 Gryphon Digital's stock expected returns. We can calculate the autocorrelation of Gryphon Digital returns to help us make a trade decision. For example, suppose you find that Gryphon Digital 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 |
Gryphon Digital 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 Gryphon Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gryphon Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gryphon Digital stock over time.
Current vs Lagged Prices |
| Timeline |
Gryphon Digital Lagged Returns
When evaluating Gryphon Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gryphon Digital stock have on its future price. Gryphon Digital 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, Gryphon Digital autocorrelation shows the relationship between Gryphon Digital stock current value and its past values and can show if there is a momentum factor associated with investing in Gryphon Digital Mining.
Regressed Prices |
| Timeline |
Pair Trading with Gryphon Digital
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gryphon Digital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gryphon Digital will appreciate offsetting losses from the drop in the long position's value.Moving together with Gryphon Stock
Moving against Gryphon Stock
| 0.42 | WKEY | Wisekey International Tech Boost | PairCorr |
| 0.38 | XTIA | XTI Aerospace, Symbol Change | PairCorr |
| 0.31 | DM | Desktop Metal Downward Rally | PairCorr |
The ability to find closely correlated positions to Gryphon Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gryphon Digital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gryphon Digital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gryphon Digital Mining to buy it.
The correlation of Gryphon Digital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gryphon Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gryphon Digital Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gryphon Digital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Gryphon Stock Analysis
When running Gryphon Digital's price analysis, check to measure Gryphon Digital'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 Gryphon Digital is operating at the current time. Most of Gryphon Digital's value examination focuses on studying past and present price action to predict the probability of Gryphon Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gryphon Digital's price. Additionally, you may evaluate how the addition of Gryphon Digital to your portfolios can decrease your overall portfolio volatility.