Gray Television Stock Market Value
| GTN Stock | USD 4.92 0.05 1.03% |
| Symbol | Gray |
Is Broadcasting 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 Gray Television. If investors know Gray 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 Gray Television 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 10.164 | Dividend Share 0.32 | Earnings Share 2.34 | Revenue Per Share 37.728 | Quarterly Revenue Growth (0.05) |
The market value of Gray Television is measured differently than its book value, which is the value of Gray that is recorded on the company's balance sheet. Investors also form their own opinion of Gray Television's value that differs from its market value or its book value, called intrinsic value, which is Gray Television'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 Gray Television's market value can be influenced by many factors that don't directly affect Gray Television'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 Gray Television's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gray Television is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gray Television'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.
Gray Television '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 Gray Television'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 Gray Television.
| 06/06/2025 |
| 07/06/2025 |
If you would invest 0.00 in Gray Television on June 6, 2025 and sell it all today you would earn a total of 0.00 from holding Gray Television or generate 0.0% return on investment in Gray Television over 30 days. Gray Television is related to or competes with POSCO Holdings, John B, BlueScope Steel, Lifeway Foods, Astral Foods, ArcelorMittal, and Grupo Simec. Gray Television, Inc., a television broadcasting company, owns andor operates television stations and digital assets in ... More
Gray Television 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 Gray Television'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 Gray Television upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.19 | |||
| Information Ratio | 0.0477 | |||
| Maximum Drawdown | 24.96 | |||
| Value At Risk | (7.85) | |||
| Potential Upside | 9.73 |
Gray Television Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gray Television's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gray Television's standard deviation. In reality, there are many statistical measures that can use Gray Television historical prices to predict the future Gray Television's volatility.| Risk Adjusted Performance | 0.1232 | |||
| Jensen Alpha | 0.1513 | |||
| Total Risk Alpha | 0.0329 | |||
| Sortino Ratio | 0.0532 | |||
| Treynor Ratio | 0.1904 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gray Television'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.
Gray Television Backtested Returns
Gray Television appears to be relatively risky, given 3 months investment horizon. Gray Television holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15 % return per unit of standard deviation over the last 3 months. By evaluating Gray Television's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Gray Television's risk adjusted performance of 0.1232, and Market Risk Adjusted Performance of 0.2004 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gray Television holds a performance score of 12. 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, Gray Television will likely underperform. Please check Gray Television's coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Gray Television's current trending patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
Gray Television has very good predictability. Overlapping area represents the amount of predictability between Gray Television time series from 6th of June 2025 to 21st of June 2025 and 21st of June 2025 to 6th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gray Television price movement. The serial correlation of 0.83 indicates that around 83.0% of current Gray Television price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Gray Television lagged returns against current returns
Autocorrelation, which is Gray Television 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 Gray Television's stock expected returns. We can calculate the autocorrelation of Gray Television returns to help us make a trade decision. For example, suppose you find that Gray Television 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 |
Gray Television 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 Gray Television stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gray Television stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gray Television stock over time.
Current vs Lagged Prices |
| Timeline |
Gray Television Lagged Returns
When evaluating Gray Television's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gray Television stock have on its future price. Gray Television 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, Gray Television autocorrelation shows the relationship between Gray Television stock current value and its past values and can show if there is a momentum factor associated with investing in Gray Television.
Regressed Prices |
| Timeline |
Pair Trading with Gray Television
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gray Television position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gray Television will appreciate offsetting losses from the drop in the long position's value.Moving together with Gray Stock
Moving against Gray Stock
| 0.68 | NCMI | National CineMedia Potential Growth | PairCorr |
| 0.36 | FLNT | Fluent Inc | PairCorr |
| 0.36 | NCTY | The9 Ltd ADR | PairCorr |
| 0.34 | PSO | Pearson PLC ADR | PairCorr |
The ability to find closely correlated positions to Gray Television could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gray Television when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gray Television - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gray Television to buy it.
The correlation of Gray Television is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gray Television moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gray Television moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gray Television can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Gray Television Correlation, Gray Television Volatility and Gray Television Alpha and Beta module to complement your research on Gray Television. To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Gray Television 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.