Grom Social Enterprises Stock Market Value
GROM Stock | USD 0.48 0.01 2.04% |
Symbol | Grom |
Grom Social Enterprises Price To Book Ratio
Is Grom Social'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 Grom Social. If investors know Grom 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 Grom Social listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.46) | Revenue Per Share 2.496 | Quarterly Revenue Growth (0.27) | Return On Assets (0.24) | Return On Equity (0.89) |
The market value of Grom Social Enterprises is measured differently than its book value, which is the value of Grom that is recorded on the company's balance sheet. Investors also form their own opinion of Grom Social's value that differs from its market value or its book value, called intrinsic value, which is Grom Social'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 Grom Social's market value can be influenced by many factors that don't directly affect Grom Social'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 Grom Social's value and its price as these two are different measures arrived at by different means. Investors typically determine if Grom Social is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Grom Social'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.
Grom Social '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 Grom Social'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 Grom Social.
05/02/2024 |
| 06/01/2024 |
If you would invest 0.00 in Grom Social on May 2, 2024 and sell it all today you would earn a total of 0.00 from holding Grom Social Enterprises or generate 0.0% return on investment in Grom Social over 30 days. Grom Social is related to or competes with Digital Brands, Paltalk, DatChat, and Ensysce Biosciences. Grom Social Enterprises, Inc., through its subsidiaries, operates as a media, technology, and entertainment company that... More
Grom Social 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 Grom Social'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 Grom Social Enterprises upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.05) | |||
Maximum Drawdown | 80.68 | |||
Value At Risk | (8.06) | |||
Potential Upside | 5.26 |
Grom Social Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grom Social's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grom Social's standard deviation. In reality, there are many statistical measures that can use Grom Social historical prices to predict the future Grom Social's volatility.Risk Adjusted Performance | (0.02) | |||
Jensen Alpha | (0.49) | |||
Total Risk Alpha | (0.94) | |||
Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grom Social'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.
Grom Social Enterprises Backtested Returns
Grom Social Enterprises holds Efficiency (Sharpe) Ratio of -0.0407, which attests that the entity had a -0.0407% return per unit of risk over the last 3 months. Grom Social Enterprises exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grom Social's Standard Deviation of 9.26, market risk adjusted performance of (0.19), and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 2.06, 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, Grom Social will likely underperform. Grom Social Enterprises has an expected return of -0.38%. Please make sure to check out Grom Social jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Grom Social Enterprises performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.70 |
Good predictability
Grom Social Enterprises has good predictability. Overlapping area represents the amount of predictability between Grom Social time series from 2nd of May 2024 to 17th of May 2024 and 17th of May 2024 to 1st of June 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 Grom Social Enterprises price movement. The serial correlation of 0.7 indicates that around 70.0% of current Grom Social price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.7 | |
Spearman Rank Test | 0.61 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Grom Social Enterprises lagged returns against current returns
Autocorrelation, which is Grom Social 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 Grom Social's stock expected returns. We can calculate the autocorrelation of Grom Social returns to help us make a trade decision. For example, suppose you find that Grom Social 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 |
Grom Social 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 Grom Social stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grom Social stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grom Social stock over time.
Current vs Lagged Prices |
Timeline |
Grom Social Lagged Returns
When evaluating Grom Social's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grom Social stock have on its future price. Grom Social 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, Grom Social autocorrelation shows the relationship between Grom Social stock current value and its past values and can show if there is a momentum factor associated with investing in Grom Social Enterprises.
Regressed Prices |
Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Grom Social Enterprises using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Grom Social Correlation, Grom Social Volatility and Grom Social Alpha and Beta module to complement your research on Grom Social. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Grom Stock analysis
When running Grom Social's price analysis, check to measure Grom Social'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 Grom Social is operating at the current time. Most of Grom Social's value examination focuses on studying past and present price action to predict the probability of Grom Social's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grom Social's price. Additionally, you may evaluate how the addition of Grom Social to your portfolios can decrease your overall portfolio volatility.
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories |
Grom Social 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.