Griffon Stock Market Value
| GFF Stock | USD 82.96 1.68 2.07% |
| Symbol | Griffon |
Griffon Price To Book Ratio
Is Building Products space 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 Griffon. If investors know Griffon 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 Griffon 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 0.653 | Dividend Share 0.6 | Earnings Share 4.23 | Revenue Per Share 55.147 | Quarterly Revenue Growth 0.029 |
The market value of Griffon is measured differently than its book value, which is the value of Griffon that is recorded on the company's balance sheet. Investors also form their own opinion of Griffon's value that differs from its market value or its book value, called intrinsic value, which is Griffon'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 Griffon's market value can be influenced by many factors that don't directly affect Griffon'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 Griffon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Griffon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Griffon'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.
Griffon '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 Griffon'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 Griffon.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Griffon on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Griffon or generate 0.0% return on investment in Griffon over 30 days. Griffon is related to or competes with Steel Partners, Brookfield Business, Tejon Ranch, Compass Diversified, Steel Partners, Compass Diversified, and Matthews International. Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the... More
Griffon 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 Griffon'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 Griffon upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.1015 | |||
| Maximum Drawdown | 22.83 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 3.91 |
Griffon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Griffon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Griffon's standard deviation. In reality, there are many statistical measures that can use Griffon historical prices to predict the future Griffon's volatility.| Risk Adjusted Performance | 0.1192 | |||
| Jensen Alpha | 0.2141 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1478 | |||
| Treynor Ratio | 0.2456 |
Griffon Backtested Returns
Griffon appears to be very steady, given 3 months investment horizon. Griffon holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Griffon, which you can use to evaluate the volatility of the firm. Please utilize Griffon's Risk Adjusted Performance of 0.1192, downside deviation of 2.03, and Market Risk Adjusted Performance of 0.2556 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Griffon holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 1.71, 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, Griffon will likely underperform. Please check Griffon's value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to make a quick decision on whether Griffon's current trending patterns will revert.
Auto-correlation | 0.73 |
Good predictability
Griffon has good predictability. Overlapping area represents the amount of predictability between Griffon time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 Griffon price movement. The serial correlation of 0.73 indicates that around 73.0% of current Griffon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 23.26 |
Griffon lagged returns against current returns
Autocorrelation, which is Griffon 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 Griffon's stock expected returns. We can calculate the autocorrelation of Griffon returns to help us make a trade decision. For example, suppose you find that Griffon 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 |
Griffon 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 Griffon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Griffon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Griffon stock over time.
Current vs Lagged Prices |
| Timeline |
Griffon Lagged Returns
When evaluating Griffon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Griffon stock have on its future price. Griffon 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, Griffon autocorrelation shows the relationship between Griffon stock current value and its past values and can show if there is a momentum factor associated with investing in Griffon.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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 Correlation, Griffon Volatility and Griffon Alpha and Beta module to complement your research on Griffon. For more detail on how to invest in Griffon Stock please use our How to Invest in Griffon guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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.