Growgeneration Corp Stock Market Value
| GRWG Stock | USD 2.35 0.11 4.47% |
| Symbol | GrowGeneration |
GrowGeneration Corp Price To Book Ratio
Is GrowGeneration Corp'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 GrowGeneration Corp. If investors know GrowGeneration 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 GrowGeneration Corp 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 0.147 | Earnings Share (0.76) | Revenue Per Share 3.692 | Quarterly Revenue Growth (0.09) | Return On Assets (0.08) |
The market value of GrowGeneration Corp is measured differently than its book value, which is the value of GrowGeneration that is recorded on the company's balance sheet. Investors also form their own opinion of GrowGeneration Corp's value that differs from its market value or its book value, called intrinsic value, which is GrowGeneration Corp'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 GrowGeneration Corp's market value can be influenced by many factors that don't directly affect GrowGeneration Corp'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 GrowGeneration Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if GrowGeneration Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GrowGeneration Corp'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.
GrowGeneration Corp '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 GrowGeneration Corp'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 GrowGeneration Corp.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in GrowGeneration Corp on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding GrowGeneration Corp or generate 0.0% return on investment in GrowGeneration Corp over 30 days. GrowGeneration Corp is related to or competes with Target, Lowes Companies, Kohls Corp, Gap, and Walmart. GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the ... More
GrowGeneration Corp 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 GrowGeneration Corp'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 GrowGeneration Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.95 | |||
| Information Ratio | 0.0169 | |||
| Maximum Drawdown | 32.35 | |||
| Value At Risk | (7.08) | |||
| Potential Upside | 10.11 |
GrowGeneration Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GrowGeneration Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GrowGeneration Corp's standard deviation. In reality, there are many statistical measures that can use GrowGeneration Corp historical prices to predict the future GrowGeneration Corp's volatility.| Risk Adjusted Performance | 0.0304 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.0185 | |||
| Treynor Ratio | 0.0452 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GrowGeneration Corp'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.
GrowGeneration Corp Backtested Returns
We consider GrowGeneration Corp very risky. GrowGeneration Corp holds Efficiency (Sharpe) Ratio of 0.0166, which attests that the entity had a 0.0166% return per unit of risk over the last 3 months. We have found thirty technical indicators for GrowGeneration Corp, which you can use to evaluate the volatility of the firm. Please check out GrowGeneration Corp's Risk Adjusted Performance of 0.0304, downside deviation of 4.95, and Market Risk Adjusted Performance of 0.0552 to validate if the risk estimate we provide is consistent with the expected return of 0.0931%. GrowGeneration Corp has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 3.92, 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, GrowGeneration Corp will likely underperform. GrowGeneration Corp right now retains a risk of 5.62%. Please check out GrowGeneration Corp expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if GrowGeneration Corp will be following its current trending patterns.
Auto-correlation | -0.2 |
Insignificant reverse predictability
GrowGeneration Corp has insignificant reverse predictability. Overlapping area represents the amount of predictability between GrowGeneration Corp 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 GrowGeneration Corp price movement. The serial correlation of -0.2 indicates that over 20.0% of current GrowGeneration Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
GrowGeneration Corp lagged returns against current returns
Autocorrelation, which is GrowGeneration Corp 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 GrowGeneration Corp's stock expected returns. We can calculate the autocorrelation of GrowGeneration Corp returns to help us make a trade decision. For example, suppose you find that GrowGeneration Corp 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 |
GrowGeneration Corp 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 GrowGeneration Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GrowGeneration Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GrowGeneration Corp stock over time.
Current vs Lagged Prices |
| Timeline |
GrowGeneration Corp Lagged Returns
When evaluating GrowGeneration Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GrowGeneration Corp stock have on its future price. GrowGeneration Corp 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, GrowGeneration Corp autocorrelation shows the relationship between GrowGeneration Corp stock current value and its past values and can show if there is a momentum factor associated with investing in GrowGeneration Corp.
Regressed Prices |
| Timeline |
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Complementary Tools for GrowGeneration Stock analysis
When running GrowGeneration Corp's price analysis, check to measure GrowGeneration Corp'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 GrowGeneration Corp is operating at the current time. Most of GrowGeneration Corp's value examination focuses on studying past and present price action to predict the probability of GrowGeneration Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GrowGeneration Corp's price. Additionally, you may evaluate how the addition of GrowGeneration Corp to your portfolios can decrease your overall portfolio volatility.
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GrowGeneration Corp 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.