Graco Inc Stock Market Value
| GGG Stock | USD 82.56 0.57 0.69% |
| Symbol | Graco |
Graco Inc Price To Book Ratio
Is Graco'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 Graco. If investors know Graco 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 Graco 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 (0.05) | Dividend Share 0.98 | Earnings Share 2.9 | Revenue Per Share 12.803 | Quarterly Revenue Growth (0.07) |
The market value of Graco Inc is measured differently than its book value, which is the value of Graco that is recorded on the company's balance sheet. Investors also form their own opinion of Graco's value that differs from its market value or its book value, called intrinsic value, which is Graco'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 Graco's market value can be influenced by many factors that don't directly affect Graco'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 Graco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Graco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Graco'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.
Graco '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 Graco'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 Graco.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Graco on March 30, 2024 and sell it all today you would earn a total of 0.00 from holding Graco Inc or generate 0.0% return on investment in Graco over 30 days. Graco is related to or competes with Franklin Electric, Ametek, Watts Water, and Parker Hannifin. Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray ... More
Graco 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 Graco'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 Graco Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.96 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.5 |
Graco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Graco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Graco's standard deviation. In reality, there are many statistical measures that can use Graco historical prices to predict the future Graco's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Graco'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.
Graco Inc Backtested Returns
Graco Inc holds Efficiency (Sharpe) Ratio of -0.0566, which attests that the entity had a -0.0566% return per unit of standard deviation over the last 3 months. Graco Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Graco's risk adjusted performance of (0), and Market Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.06, which attests to a somewhat significant risk relative to the market. Graco returns are very sensitive to returns on the market. As the market goes up or down, Graco is expected to follow. Graco Inc has an expected return of -0.0684%. Please make sure to check out Graco value at risk, rate of daily change, and the relationship between the total risk alpha and kurtosis , to decide if Graco Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.85 |
Very good predictability
Graco Inc has very good predictability. Overlapping area represents the amount of predictability between Graco time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th 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 Graco Inc price movement. The serial correlation of 0.85 indicates that around 85.0% of current Graco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 7.47 |
Graco Inc lagged returns against current returns
Autocorrelation, which is Graco 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 Graco's stock expected returns. We can calculate the autocorrelation of Graco returns to help us make a trade decision. For example, suppose you find that Graco 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 |
Graco 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 Graco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Graco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Graco stock over time.
Current vs Lagged Prices |
| Timeline |
Graco Lagged Returns
When evaluating Graco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Graco stock have on its future price. Graco 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, Graco autocorrelation shows the relationship between Graco stock current value and its past values and can show if there is a momentum factor associated with investing in Graco Inc.
Regressed Prices |
| Timeline |
Graco Investors Sentiment
The influence of Graco'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 Graco. 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 Graco's public news can be used to forecast risks associated with an investment in Graco. The trend in average sentiment can be used to explain how an investor holding Graco can time the market purely based on public headlines and social activities around Graco Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Graco'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 Graco'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 Graco's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Graco.
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 Graco 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, Graco's short interest history, or implied volatility extrapolated from Graco options trading.
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Try AI Portfolio ArchitectCheck out Graco Correlation, Graco Volatility and Graco Alpha and Beta module to complement your research on Graco. Note that the Graco Inc information on this page should be used as a complementary analysis to other Graco's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Graco Stock analysis
When running Graco's price analysis, check to measure Graco'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 Graco is operating at the current time. Most of Graco's value examination focuses on studying past and present price action to predict the probability of Graco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Graco's price. Additionally, you may evaluate how the addition of Graco to your portfolios can decrease your overall portfolio volatility.
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Graco 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.