Gray Television Stock Market Value

GTN Stock  USD 6.32  0.10  1.61%   
Gray Television's market value is the price at which a share of Gray Television trades on a public exchange. It measures the collective expectations of Gray Television investors about its performance. Gray Television is selling at 6.32 as of the 29th of March 2024; that is 1.61 percent increase since the beginning of the trading day. The stock's open price was 6.22.
With this module, you can estimate the performance of a buy and hold strategy of Gray Television and determine expected loss or profit from investing in Gray Television over a given investment horizon. Check out Gray Television Correlation, Gray Television Volatility and Gray Television Alpha and Beta module to complement your research on Gray Television.
To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.
Symbol

Gray Television Price To Book Ratio

Is Gray Television'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 Gray Television. If investors know Gray 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 Gray Television 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
10.164
Dividend Share
0.32
Earnings Share
(1.39)
Revenue Per Share
35.663
Quarterly Revenue Growth
(0.19)
The market value of Gray Television is measured differently than its book value, which is the value of Gray that is recorded on the company's balance sheet. Investors also form their own opinion of Gray Television's value that differs from its market value or its book value, called intrinsic value, which is Gray Television'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 Gray Television's market value can be influenced by many factors that don't directly affect Gray Television'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 Gray Television's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gray Television is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gray Television'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.

Gray Television '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 Gray Television'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 Gray Television.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Gray Television on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Gray Television or generate 0.0% return on investment in Gray Television over 30 days. Gray Television is related to or competes with Tarsus PharmaceuticalsI, Calliditas Therapeutics, Insteel Industries, Barrick Gold, NioCorp Developments, and US GoldMining. Gray Television, Inc., a television broadcasting company, owns andor operates television stations and digital assets in ... More

Gray Television 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 Gray Television'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 Gray Television upside and downside potential and time the market with a certain degree of confidence.

Gray Television Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Gray Television's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gray Television's standard deviation. In reality, there are many statistical measures that can use Gray Television historical prices to predict the future Gray Television's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gray Television'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.
Hype
Prediction
LowEstimatedHigh
1.726.3210.92
Details
Intrinsic
Valuation
LowRealHigh
0.715.319.91
Details
Naive
Forecast
LowNextHigh
1.586.1810.78
Details
8 Analysts
Consensus
LowTargetHigh
12.0613.2514.71
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Gray Television. Your research has to be compared to or analyzed against Gray Television's peers to derive any actionable benefits. When done correctly, Gray Television's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Gray Television.

Gray Television Backtested Returns

Gray Television holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of standard deviation over the last 3 months. Gray Television exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gray Television's risk adjusted performance of (0.04), and Market Risk Adjusted Performance of (0.14) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 2.47, 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, Gray Television will likely underperform. Gray Television has an expected return of -0.47%. Please make sure to check out Gray Television information ratio, as well as the relationship between the potential upside and rate of daily change , to decide if Gray Television performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.72  

Good predictability

Gray Television has good predictability. Overlapping area represents the amount of predictability between Gray Television time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 Gray Television price movement. The serial correlation of 0.72 indicates that around 72.0% of current Gray Television price fluctuation can be explain by its past prices.
Correlation Coefficient0.72
Spearman Rank Test0.71
Residual Average0.0
Price Variance0.04

Gray Television lagged returns against current returns

Autocorrelation, which is Gray Television 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 Gray Television's stock expected returns. We can calculate the autocorrelation of Gray Television returns to help us make a trade decision. For example, suppose you find that Gray Television 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  

Gray Television 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 Gray Television stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gray Television stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gray Television stock over time.
   Current vs Lagged Prices   
       Timeline  

Gray Television Lagged Returns

When evaluating Gray Television's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gray Television stock have on its future price. Gray Television 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, Gray Television autocorrelation shows the relationship between Gray Television stock current value and its past values and can show if there is a momentum factor associated with investing in Gray Television.
   Regressed Prices   
       Timeline  

Gray Television Investors Sentiment

The influence of Gray Television'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 Gray. 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 Gray Television's public news can be used to forecast risks associated with an investment in Gray. The trend in average sentiment can be used to explain how an investor holding Gray can time the market purely based on public headlines and social activities around Gray Television. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Gray Television'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 Gray Television'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 Gray Television's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Gray Television.
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 Gray Television 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, Gray Television's short interest history, or implied volatility extrapolated from Gray Television options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Gray Television offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gray Television's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gray Television Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gray Television Stock:
Check out Gray Television Correlation, Gray Television Volatility and Gray Television Alpha and Beta module to complement your research on Gray Television.
To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for Gray Stock analysis

When running Gray Television's price analysis, check to measure Gray Television'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 Gray Television is operating at the current time. Most of Gray Television's value examination focuses on studying past and present price action to predict the probability of Gray Television's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gray Television's price. Additionally, you may evaluate how the addition of Gray Television to your portfolios can decrease your overall portfolio volatility.
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Equity Valuation
Check real value of public entities based on technical and fundamental data
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Gray Television 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.
A focus of Gray Television technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Gray Television trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...