Ww Grainger Stock Market Value
GWW Stock | USD 1,017 2.87 0.28% |
Symbol | GWW |
WW Grainger Price To Book Ratio
Is WW Grainger'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 WW Grainger. If investors know GWW 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 WW Grainger 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 0.046 | Dividend Share 7.3 | Earnings Share 36.22 | Revenue Per Share 330.22 | Quarterly Revenue Growth 0.051 |
The market value of WW Grainger is measured differently than its book value, which is the value of GWW that is recorded on the company's balance sheet. Investors also form their own opinion of WW Grainger's value that differs from its market value or its book value, called intrinsic value, which is WW Grainger'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 WW Grainger's market value can be influenced by many factors that don't directly affect WW Grainger'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 WW Grainger's value and its price as these two are different measures arrived at by different means. Investors typically determine if WW Grainger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WW Grainger'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.
WW Grainger '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 WW Grainger'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 WW Grainger.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in WW Grainger on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding WW Grainger or generate 0.0% return on investment in WW Grainger over 30 days. WW Grainger is related to or competes with WESCO International, Fastenal, and EVI Industries. Grainger, Inc. distributes maintenance, repair, and operating products and services in the United States, Japan, Canada,... More
WW Grainger 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 WW Grainger'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 WW Grainger upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.1 | |||
Information Ratio | 0.1463 | |||
Maximum Drawdown | 8.18 | |||
Value At Risk | (1.88) | |||
Potential Upside | 2.08 |
WW Grainger Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WW Grainger's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WW Grainger's standard deviation. In reality, there are many statistical measures that can use WW Grainger historical prices to predict the future WW Grainger's volatility.Risk Adjusted Performance | 0.145 | |||
Jensen Alpha | 0.1939 | |||
Total Risk Alpha | 0.0235 | |||
Sortino Ratio | 0.1711 | |||
Treynor Ratio | 0.3268 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WW Grainger'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.
WW Grainger Backtested Returns
WW Grainger appears to be very steady, given 3 months investment horizon. WW Grainger retains Efficiency (Sharpe Ratio) of 0.29, which attests that the company had a 0.29% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for WW Grainger, which you can use to evaluate the volatility of the company. Please utilize WW Grainger's market risk adjusted performance of 0.3368, and Standard Deviation of 1.29 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WW Grainger holds a performance score of 22. The firm owns a Beta (Systematic Risk) of 0.96, which attests to possible diversification benefits within a given portfolio. WW Grainger returns are very sensitive to returns on the market. As the market goes up or down, WW Grainger is expected to follow. Please check WW Grainger's value at risk, and the relationship between the standard deviation and kurtosis , to make a quick decision on whether WW Grainger's current price history will revert.
Auto-correlation | 0.31 |
Below average predictability
WW Grainger has below average predictability. Overlapping area represents the amount of predictability between WW Grainger 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 WW Grainger price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current WW Grainger price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.31 | |
Spearman Rank Test | -0.32 | |
Residual Average | 0.0 | |
Price Variance | 162.16 |
WW Grainger lagged returns against current returns
Autocorrelation, which is WW Grainger 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 WW Grainger's stock expected returns. We can calculate the autocorrelation of WW Grainger returns to help us make a trade decision. For example, suppose you find that WW Grainger 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 |
WW Grainger 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 WW Grainger stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WW Grainger stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WW Grainger stock over time.
Current vs Lagged Prices |
Timeline |
WW Grainger Lagged Returns
When evaluating WW Grainger's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WW Grainger stock have on its future price. WW Grainger 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, WW Grainger autocorrelation shows the relationship between WW Grainger stock current value and its past values and can show if there is a momentum factor associated with investing in WW Grainger.
Regressed Prices |
Timeline |
WW Grainger Investors Sentiment
The influence of WW Grainger'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 GWW. 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 WW Grainger's public news can be used to forecast risks associated with an investment in GWW. The trend in average sentiment can be used to explain how an investor holding GWW can time the market purely based on public headlines and social activities around WW Grainger. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
WW Grainger'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 WW Grainger'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 WW Grainger's news discussions. The higher the estimated score, the more favorable is the investor's outlook on WW Grainger.
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 WW Grainger 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, WW Grainger's short interest history, or implied volatility extrapolated from WW Grainger options trading.
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Try AI Portfolio ArchitectCheck out WW Grainger Correlation, WW Grainger Volatility and WW Grainger Alpha and Beta module to complement your research on WW Grainger. For more information on how to buy GWW Stock please use our How to Invest in WW Grainger guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for GWW Stock analysis
When running WW Grainger's price analysis, check to measure WW Grainger'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 WW Grainger is operating at the current time. Most of WW Grainger's value examination focuses on studying past and present price action to predict the probability of WW Grainger's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WW Grainger's price. Additionally, you may evaluate how the addition of WW Grainger to your portfolios can decrease your overall portfolio volatility.
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