Griffon 575 Market Value
| 398433AP7 | 97.00 1.44 1.46% |
| Symbol | Griffon |
Griffon '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 Griffon'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 Griffon.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in Griffon on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Griffon 575 or generate 0.0% return on investment in Griffon over 390 days. Griffon is related to or competes with Avient Corp, Balchem, Sealed Air, Ecovyst, Luxfer Holdings, Molson Coors, and Ecolab. More
Griffon 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 Griffon'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 Griffon 575 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.63 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.26 |
Griffon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Griffon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Griffon's standard deviation. In reality, there are many statistical measures that can use Griffon historical prices to predict the future Griffon's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.37) |
Griffon 575 Backtested Returns
Griffon 575 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. Griffon 575 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Griffon's Market Risk Adjusted Performance of (0.36), insignificant risk adjusted performance, and Standard Deviation of 0.9722 to validate the risk estimate we provide. The bond retains a Market Volatility (i.e., Beta) of 0.0464, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Griffon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Griffon is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
Griffon 575 has modest predictability. Overlapping area represents the amount of predictability between Griffon time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 Griffon 575 price movement. The serial correlation of 0.51 indicates that about 51.0% of current Griffon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Griffon 575 lagged returns against current returns
Autocorrelation, which is Griffon 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 Griffon's bond expected returns. We can calculate the autocorrelation of Griffon returns to help us make a trade decision. For example, suppose you find that Griffon 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 |
Griffon 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 Griffon bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Griffon bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Griffon bond over time.
Current vs Lagged Prices |
| Timeline |
Griffon Lagged Returns
When evaluating Griffon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Griffon bond have on its future price. Griffon 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, Griffon autocorrelation shows the relationship between Griffon bond current value and its past values and can show if there is a momentum factor associated with investing in Griffon 575.
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 Griffon Bond
Griffon financial ratios help investors to determine whether Griffon 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 Griffon with respect to the benefits of owning Griffon security.