GRAINGER W W Market Value
| 384802AD6 | 85.82 1.41 1.67% |
| Symbol | GRAINGER |
GRAINGER '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 GRAINGER's bond 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 GRAINGER.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in GRAINGER on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding GRAINGER W W or generate 0.0% return on investment in GRAINGER over 60 days. GRAINGER is related to or competes with EnVVeno Medical, Merit Medical, Amgen, Codexis, Eastman Chemical, Avient Corp, and Axalta Coating. More
GRAINGER 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 GRAINGER's bond 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 GRAINGER W W upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.14 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 2.55 |
GRAINGER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GRAINGER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GRAINGER's standard deviation. In reality, there are many statistical measures that can use GRAINGER historical prices to predict the future GRAINGER's volatility.| Risk Adjusted Performance | 0.0261 | |||
| Jensen Alpha | 0.0028 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1275 |
GRAINGER W W Backtested Returns
At this point, GRAINGER is very steady. GRAINGER W W retains Efficiency (Sharpe Ratio) of 0.0016, which attests that the entity had a 0.0016% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for GRAINGER, which you can use to evaluate the volatility of the entity. Please check out GRAINGER's Semi Deviation of 1.81, market risk adjusted performance of 0.1375, and Coefficient Of Variation of 3803.45 to validate if the risk estimate we provide is consistent with the expected return of 0.0018%. The bond owns a Beta (Systematic Risk) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GRAINGER's returns are expected to increase less than the market. However, during the bear market, the loss of holding GRAINGER is expected to be smaller as well.
Auto-correlation | -0.11 |
Insignificant reverse predictability
GRAINGER W W has insignificant reverse predictability. Overlapping area represents the amount of predictability between GRAINGER time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 GRAINGER W W price movement. The serial correlation of -0.11 indicates that less than 11.0% of current GRAINGER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 |
GRAINGER W W lagged returns against current returns
Autocorrelation, which is GRAINGER bond'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 GRAINGER's bond expected returns. We can calculate the autocorrelation of GRAINGER returns to help us make a trade decision. For example, suppose you find that GRAINGER has exhibited high autocorrelation historically, and you observe that the bond 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 |
GRAINGER 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 GRAINGER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GRAINGER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GRAINGER bond over time.
Current vs Lagged Prices |
| Timeline |
GRAINGER Lagged Returns
When evaluating GRAINGER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GRAINGER bond have on its future price. GRAINGER 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, GRAINGER autocorrelation shows the relationship between GRAINGER bond current value and its past values and can show if there is a momentum factor associated with investing in GRAINGER W W.
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.Other Information on Investing in GRAINGER Bond
GRAINGER financial ratios help investors to determine whether GRAINGER Bond 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 GRAINGER with respect to the benefits of owning GRAINGER security.