Gray Television Stock Market Value
| GTN Stock | USD 4.36 0.15 3.56% |
| Symbol | Gray |
Gray Television Price To Book Ratio
Is Broadcasting 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 Gray Television. If investors know Gray 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 Gray Television 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 10.164 | Dividend Share 0.32 | Earnings Share 1.5 | Revenue Per Share 36.743 | Quarterly Revenue Growth 0.183 |
The market value of Gray Television is measured differently than its book value, which is the value of Gray that is recorded on the company's balance sheet. Investors also form their own opinion of Gray Television's value that differs from its market value or its book value, called intrinsic value, which is Gray Television'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 Gray Television's market value can be influenced by many factors that don't directly affect Gray Television'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 Gray Television's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gray Television is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gray Television'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.
Gray Television '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 Gray Television'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 Gray Television.
| 08/23/2024 |
| 11/21/2024 |
If you would invest 0.00 in Gray Television on August 23, 2024 and sell it all today you would earn a total of 0.00 from holding Gray Television or generate 0.0% return on investment in Gray Television over 90 days. Gray Television is related to or competes with E W, Saga Communications, IHeartMedia, Cumulus Media, and Beasley Broadcast. Gray Television, Inc., a television broadcasting company, owns andor operates television stations and digital assets in ... More
Gray Television 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 Gray Television'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 Gray Television upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 36.5 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 5.37 |
Gray Television Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gray Television's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gray Television's standard deviation. In reality, there are many statistical measures that can use Gray Television historical prices to predict the future Gray Television's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gray Television'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.
Gray Television Backtested Returns
Gray Television holds Efficiency (Sharpe) Ratio of -0.0325, which attests that the entity had a -0.0325% return per unit of standard deviation over the last 3 months. Gray Television exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gray Television's market risk adjusted performance of (0.04), and Risk Adjusted Performance of (0) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.46, 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, Gray Television will likely underperform. At this point, Gray Television has a negative expected return of -0.14%. Please make sure to check out Gray Television's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Gray Television performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Gray Television has very good reverse predictability. Overlapping area represents the amount of predictability between Gray Television time series from 23rd of August 2024 to 7th of October 2024 and 7th of October 2024 to 21st 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 Gray Television price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Gray Television price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Gray Television lagged returns against current returns
Autocorrelation, which is Gray Television 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 Gray Television's stock expected returns. We can calculate the autocorrelation of Gray Television returns to help us make a trade decision. For example, suppose you find that Gray Television 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 |
Gray Television 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 Gray Television stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gray Television stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gray Television stock over time.
Current vs Lagged Prices |
| Timeline |
Gray Television Lagged Returns
When evaluating Gray Television's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gray Television stock have on its future price. Gray Television 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, Gray Television autocorrelation shows the relationship between Gray Television stock current value and its past values and can show if there is a momentum factor associated with investing in Gray Television.
Regressed Prices |
| Timeline |
When determining whether Gray Television offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gray Television'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 Gray Television Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gray Television Stock:
Check out Gray Television Correlation, Gray Television Volatility and Gray Television Alpha and Beta module to complement your research on Gray Television. To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Gray Television 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.