Garmin Stock Market Value
| GRMN Stock | USD 142.51 1.49 1.06% |
| Symbol | Garmin |
Garmin Price To Book Ratio
Is Garmin's industry 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 Garmin. If investors know Garmin 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 Garmin 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 0.846 | Dividend Share 2.92 | Earnings Share 6.71 | Revenue Per Share 27.316 | Quarterly Revenue Growth 0.135 |
The market value of Garmin is measured differently than its book value, which is the value of Garmin that is recorded on the company's balance sheet. Investors also form their own opinion of Garmin's value that differs from its market value or its book value, called intrinsic value, which is Garmin'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 Garmin's market value can be influenced by many factors that don't directly affect Garmin'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 Garmin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Garmin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garmin'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.
Garmin '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 Garmin'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 Garmin.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in Garmin on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding Garmin or generate 0.0% return on investment in Garmin over 720 days. Garmin is related to or competes with Vontier Corp, Teledyne Technologies, ESCO Technologies, MKS Instruments, Sensata Technologies, Fortive Corp, and Coherent. Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the A... More
Garmin 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 Garmin'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 Garmin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.0772 | |||
| Maximum Drawdown | 10.85 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.82 |
Garmin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Garmin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Garmin's standard deviation. In reality, there are many statistical measures that can use Garmin historical prices to predict the future Garmin's volatility.| Risk Adjusted Performance | 0.0936 | |||
| Jensen Alpha | 0.1118 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1039 | |||
| Treynor Ratio | 0.1919 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Garmin'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.
Garmin Backtested Returns
Garmin appears to be very steady, given 3 months investment horizon. Garmin holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Garmin, which you can use to evaluate the volatility of the firm. Please utilize Garmin's Downside Deviation of 1.12, market risk adjusted performance of 0.2019, and Risk Adjusted Performance of 0.0936 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Garmin holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 1.05, which attests to a somewhat significant risk relative to the market. Garmin returns are very sensitive to returns on the market. As the market goes up or down, Garmin is expected to follow. Please check Garmin's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Garmin's current trending patterns will revert.
Auto-correlation | 0.31 |
Below average predictability
Garmin has below average predictability. Overlapping area represents the amount of predictability between Garmin time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 to 24th of April 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 Garmin price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Garmin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 242.88 |
Garmin lagged returns against current returns
Autocorrelation, which is Garmin 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 Garmin's stock expected returns. We can calculate the autocorrelation of Garmin returns to help us make a trade decision. For example, suppose you find that Garmin 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 |
Garmin 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 Garmin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Garmin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Garmin stock over time.
Current vs Lagged Prices |
| Timeline |
Garmin Lagged Returns
When evaluating Garmin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Garmin stock have on its future price. Garmin 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, Garmin autocorrelation shows the relationship between Garmin stock current value and its past values and can show if there is a momentum factor associated with investing in Garmin.
Regressed Prices |
| Timeline |
Garmin Investors Sentiment
The influence of Garmin's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Garmin. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Garmin's public news can be used to forecast risks associated with an investment in Garmin. The trend in average sentiment can be used to explain how an investor holding Garmin can time the market purely based on public headlines and social activities around Garmin. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Garmin's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Garmin's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Garmin's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Garmin.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Garmin in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Garmin's short interest history, or implied volatility extrapolated from Garmin options trading.
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Try AI Portfolio ArchitectCheck out Garmin Correlation, Garmin Volatility and Garmin Alpha and Beta module to complement your research on Garmin. To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Garmin Stock analysis
When running Garmin's price analysis, check to measure Garmin'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 Garmin is operating at the current time. Most of Garmin's value examination focuses on studying past and present price action to predict the probability of Garmin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Garmin's price. Additionally, you may evaluate how the addition of Garmin to your portfolios can decrease your overall portfolio volatility.
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Garmin 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.