Granite Ridge Resources Stock Probability of Future Stock Price Finishing Under 5.93
| GRNT Stock | USD 5.93 0.03 0.50% |
Granite |
Granite Ridge Target Price Odds to finish below 5.93
The tendency of Granite Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move below current price in 90 days |
| 5.93 | 90 days | 5.93 | about 12.16 |
Based on a normal probability distribution, the odds of Granite Ridge to move below current price in 90 days from now is about 12.16 (This Granite Ridge Resources probability density function shows the probability of Granite Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.35 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Granite Ridge will likely underperform. Additionally Granite Ridge Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Granite Ridge Price Density |
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Predictive Modules for Granite Ridge
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Granite Ridge Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Granite Ridge'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.
Granite Ridge Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Granite Ridge is not an exception. The market had few large corrections towards the Granite Ridge's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Granite Ridge Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Granite Ridge within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.22 | |
β | Beta against Dow Jones | 1.35 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | -0.11 |
Granite Ridge Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Granite Ridge for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Granite Ridge Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Granite Ridge Resources currently holds 110 M in liabilities with Debt to Equity (D/E) ratio of 0.0, which may suggest the company is not taking enough advantage from borrowing. Granite Ridge Resources has a current ratio of 0.02, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Granite Ridge's use of debt, we should always consider it together with its cash and equity. | |
| About 52.0% of Granite Ridge shares are held by company insiders | |
| On 13th of September 2024 Granite Ridge paid $ 0.11 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Earnings Preview Granite Ridge Resources, Inc. Q3 Earnings Expected to Decline |
Granite Ridge Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Granite Stock often depends not only on the future outlook of the current and potential Granite Ridge's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Granite Ridge's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 133.1 M | |
| Cash And Short Term Investments | 60.9 M |
Granite Ridge Technical Analysis
Granite Ridge's future price can be derived by breaking down and analyzing its technical indicators over time. Granite Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Granite Ridge Resources. In general, you should focus on analyzing Granite Stock price patterns and their correlations with different microeconomic environments and drivers.
Granite Ridge Predictive Forecast Models
Granite Ridge's time-series forecasting models is one of many Granite Ridge's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Granite Ridge's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Granite Ridge Resources
Checking the ongoing alerts about Granite Ridge for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Granite Ridge Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Granite Ridge Resources currently holds 110 M in liabilities with Debt to Equity (D/E) ratio of 0.0, which may suggest the company is not taking enough advantage from borrowing. Granite Ridge Resources has a current ratio of 0.02, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Granite Ridge's use of debt, we should always consider it together with its cash and equity. | |
| About 52.0% of Granite Ridge shares are held by company insiders | |
| On 13th of September 2024 Granite Ridge paid $ 0.11 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Earnings Preview Granite Ridge Resources, Inc. Q3 Earnings Expected to Decline |
Additional Tools for Granite Stock Analysis
When running Granite Ridge's price analysis, check to measure Granite Ridge'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 Granite Ridge is operating at the current time. Most of Granite Ridge's value examination focuses on studying past and present price action to predict the probability of Granite Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Ridge's price. Additionally, you may evaluate how the addition of Granite Ridge to your portfolios can decrease your overall portfolio volatility.