Griffon Stock Alpha and Beta Analysis

GFF Stock  USD 69.05  0.96  1.37%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Griffon. It also helps investors analyze the systematic and unsystematic risks associated with investing in Griffon over a specified time horizon. Remember, high Griffon's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Griffon's market risk premium analysis include:
Beta
1.95
Alpha
(0.09)
Risk
2.49
Sharpe Ratio
0.0377
Expected Return
0.0941
Please note that although Griffon alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Griffon did 0.09  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Griffon stock's relative risk over its benchmark. Griffon has a beta of 1.95  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Griffon will likely underperform. At this time, Griffon's Price Fair Value is most likely to slightly grow in the upcoming years. The Griffon's current Enterprise Value is estimated to increase to about 787.1 M, while Enterprise Value Over EBITDA is projected to decrease to 5.39.

Griffon Quarterly Cash And Equivalents

151.79 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Griffon Backtesting, Griffon Valuation, Griffon Correlation, Griffon Hype Analysis, Griffon Volatility, Griffon History and analyze Griffon Performance.
For more detail on how to invest in Griffon Stock please use our How to Invest in Griffon guide.

Griffon Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Griffon market risk premium is the additional return an investor will receive from holding Griffon long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Griffon. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Griffon's performance over market.
α-0.09   β1.95

Griffon expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Griffon's Buy-and-hold return. Our buy-and-hold chart shows how Griffon performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Griffon Market Price Analysis

Market price analysis indicators help investors to evaluate how Griffon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Griffon shares will generate the highest return on investment. By understating and applying Griffon stock market price indicators, traders can identify Griffon position entry and exit signals to maximize returns.

Griffon Return and Market Media

The median price of Griffon for the period between Sun, Apr 21, 2024 and Sat, Jul 20, 2024 is 66.74 with a coefficient of variation of 3.7. The daily time series for the period is distributed with a sample standard deviation of 2.47, arithmetic mean of 66.76, and mean deviation of 1.89. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
1
Should You Think About Buying Griffon Corporation Now
05/07/2024
2
Glancy Prongay Murray LLP Announces Investigation of Griffon Corporation
05/14/2024
3
Zacks.com featured highlights include Griffon, Adtalem Global Education, HNI, Diebold Nixdorf and GigaCloud Technology
06/06/2024
4
Honeywell to Gain From Business Strength Amid Risks
06/18/2024
 
Griffon dividend paid on 20th of June 2024
06/20/2024
5
Honeywell to Boost Product Portfolio With CAES Buyout
06/21/2024
6
Disposition of 140000 shares by Ronald Kramer of Griffon subject to Rule 16b-3
06/25/2024
7
The Toro Company Announces the Sale of its Australia-Based Residential Pope Products Business
07/01/2024
8
Griffon Unit Acquires Pope, Boosts Product Offerings
07/02/2024
9
Q1 Earnings Outperformers Fortune Brands And The Rest Of The Home Construction Materials Stocks
07/08/2024
10
Should Value Investors Buy Griffon Stock
07/11/2024
11
Clopay door companys 30 million expansion in Troy will bring more jobs
07/15/2024
12
All You Need to Know About Griffon Rating Upgrade to Strong Buy
07/17/2024
13
Are Conglomerates Stocks Lagging Carlisle Companies This Year
07/19/2024

About Griffon Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Griffon or other stocks. Alpha measures the amount that position in Griffon has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2022 2023 2024 (projected)
Dividend Yield0.0830.06470.05830.0612
Price To Sales Ratio0.540.770.690.73

Griffon Upcoming Company Events

As portrayed in its financial statements, the presentation of Griffon's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Griffon's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Griffon's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Griffon. Please utilize our Beneish M Score to check the likelihood of Griffon's management manipulating its earnings.
30th of January 2024
Upcoming Quarterly Report
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1st of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
20th of November 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
30th of September 2023
Last Financial Announcement
View

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Additional Information and Resources on Investing in Griffon Stock

When determining whether Griffon is a strong investment it is important to analyze Griffon's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Griffon's future performance. For an informed investment choice regarding Griffon Stock, refer to the following important reports:
Check out Griffon Backtesting, Griffon Valuation, Griffon Correlation, Griffon Hype Analysis, Griffon Volatility, Griffon History and analyze Griffon Performance.
For more detail on how to invest in Griffon Stock please use our How to Invest in Griffon guide.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Griffon 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 Griffon technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Griffon 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...