Grandeur Peak Global Etf Market Value
| GPGCX Etf | USD 15.32 0.11 0.71% |
| Symbol | Grandeur |
The market value of Grandeur Peak Global is measured differently than its book value, which is the value of Grandeur that is recorded on the company's balance sheet. Investors also form their own opinion of Grandeur Peak's value that differs from its market value or its book value, called intrinsic value, which is Grandeur Peak'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 Grandeur Peak's market value can be influenced by many factors that don't directly affect Grandeur Peak'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 Grandeur Peak's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grandeur Peak is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grandeur Peak'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.
Grandeur Peak '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 Grandeur Peak's etf 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 Grandeur Peak.
| 05/16/2024 |
| 06/15/2024 |
If you would invest 0.00 in Grandeur Peak on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding Grandeur Peak Global or generate 0.0% return on investment in Grandeur Peak over 30 days. Grandeur Peak is related to or competes with Grandeur Peak, Grandeur Peak, Grandeur Peak, Grandeur Peak, Grandeur Peak, Grandeur Peak, and Grandeur Peak. The fund invests primarily in foreign and domestic small- and micro-cap companies More
Grandeur Peak 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 Grandeur Peak's etf 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 Grandeur Peak Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7086 | |||
| Information Ratio | 0.0434 | |||
| Maximum Drawdown | 3.09 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.18 |
Grandeur Peak Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grandeur Peak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grandeur Peak's standard deviation. In reality, there are many statistical measures that can use Grandeur Peak historical prices to predict the future Grandeur Peak's volatility.| Risk Adjusted Performance | 0.0252 | |||
| Jensen Alpha | 0.0188 | |||
| Total Risk Alpha | 0.029 | |||
| Sortino Ratio | 0.0401 | |||
| Treynor Ratio | 0.0724 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grandeur Peak'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.
Grandeur Peak Global Backtested Returns
We consider Grandeur Peak very steady. Grandeur Peak Global holds Efficiency (Sharpe) Ratio of 0.0672, which attests that the entity had a 0.0672% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Grandeur Peak Global, which you can use to evaluate the volatility of the entity. Please check out Grandeur Peak's risk adjusted performance of 0.0252, and Market Risk Adjusted Performance of 0.0824 to validate if the risk estimate we provide is consistent with the expected return of 0.0441%. The etf retains a Market Volatility (i.e., Beta) of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grandeur Peak's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grandeur Peak is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
Grandeur Peak Global has modest predictability. Overlapping area represents the amount of predictability between Grandeur Peak time series from 16th of May 2024 to 31st of May 2024 and 31st of May 2024 to 15th of June 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 Grandeur Peak Global price movement. The serial correlation of 0.51 indicates that about 51.0% of current Grandeur Peak price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Grandeur Peak Global lagged returns against current returns
Autocorrelation, which is Grandeur Peak etf'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 Grandeur Peak's etf expected returns. We can calculate the autocorrelation of Grandeur Peak returns to help us make a trade decision. For example, suppose you find that Grandeur Peak has exhibited high autocorrelation historically, and you observe that the etf 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 |
Grandeur Peak 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 Grandeur Peak etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grandeur Peak etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grandeur Peak etf over time.
Current vs Lagged Prices |
| Timeline |
Grandeur Peak Lagged Returns
When evaluating Grandeur Peak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grandeur Peak etf have on its future price. Grandeur Peak 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, Grandeur Peak autocorrelation shows the relationship between Grandeur Peak etf current value and its past values and can show if there is a momentum factor associated with investing in Grandeur Peak Global.
Regressed Prices |
| Timeline |
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Other Information on Investing in Grandeur Etf
Grandeur Peak financial ratios help investors to determine whether Grandeur Etf 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 Grandeur with respect to the benefits of owning Grandeur Peak security.