Gravity Co Stock Market Value
| GRVY Stock | USD 67.85 0.22 0.33% |
| Symbol | Gravity |
Gravity Price To Book Ratio
Is Gravity'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 Gravity. If investors know Gravity 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 Gravity 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 (0.35) | Earnings Share 13.81 | Revenue Per Share 102.7 K | Quarterly Revenue Growth (0.20) | Return On Assets 0.1821 |
The market value of Gravity is measured differently than its book value, which is the value of Gravity that is recorded on the company's balance sheet. Investors also form their own opinion of Gravity's value that differs from its market value or its book value, called intrinsic value, which is Gravity'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 Gravity's market value can be influenced by many factors that don't directly affect Gravity'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 Gravity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gravity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gravity'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.
Gravity '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 Gravity'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 Gravity.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Gravity on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Gravity Co or generate 0.0% return on investment in Gravity over 30 days. Gravity is related to or competes with GameSquare Holdings, and IGG. Gravity Co., Ltd. develops and publishes online and mobile games in South Korea, Taiwan, Thailand, and Japan More
Gravity 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 Gravity'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 Gravity Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.03 | |||
| Value At Risk | (3.76) | |||
| Potential Upside | 3.06 |
Gravity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gravity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gravity's standard deviation. In reality, there are many statistical measures that can use Gravity historical prices to predict the future Gravity's volatility.| Risk Adjusted Performance | 0.0086 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gravity'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.
Gravity Backtested Returns
We consider Gravity very steady. Gravity holds Efficiency (Sharpe) Ratio of 0.0309, which attests that the entity had a 0.0309% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Gravity, which you can use to evaluate the volatility of the firm. Please check out Gravity's market risk adjusted performance of 0.0063, and Risk Adjusted Performance of 0.0086 to validate if the risk estimate we provide is consistent with the expected return of 0.0659%. Gravity has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.23, 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, Gravity will likely underperform. Gravity right now retains a risk of 2.13%. Please check out Gravity semi deviation, sortino ratio, semi variance, as well as the relationship between the standard deviation and value at risk , to decide if Gravity will be following its current trending patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
Gravity Co has very good reverse predictability. Overlapping area represents the amount of predictability between Gravity time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Gravity price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Gravity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 3.93 |
Gravity lagged returns against current returns
Autocorrelation, which is Gravity 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 Gravity's stock expected returns. We can calculate the autocorrelation of Gravity returns to help us make a trade decision. For example, suppose you find that Gravity 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 |
Gravity 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 Gravity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gravity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gravity stock over time.
Current vs Lagged Prices |
| Timeline |
Gravity Lagged Returns
When evaluating Gravity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gravity stock have on its future price. Gravity 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, Gravity autocorrelation shows the relationship between Gravity stock current value and its past values and can show if there is a momentum factor associated with investing in Gravity Co.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Gravity Correlation, Gravity Volatility and Gravity Alpha and Beta module to complement your research on Gravity. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Gravity Stock analysis
When running Gravity's price analysis, check to measure Gravity'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 Gravity is operating at the current time. Most of Gravity's value examination focuses on studying past and present price action to predict the probability of Gravity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gravity's price. Additionally, you may evaluate how the addition of Gravity to your portfolios can decrease your overall portfolio volatility.
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Gravity 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.