Grnges AB (Sweden) Price on September 1, 2023
| GRNG Stock | SEK 125.80 1.80 1.45% |
If you're considering investing in Grnges Stock, it is important to understand the factors that can impact its price. As of today, the current price of Grnges AB stands at 125.80, as last reported on the 28th of November, with the highest price reaching 127.40 and the lowest price hitting 123.50 during the day. Currently, Grnges AB is very steady. Grnges AB holds Efficiency (Sharpe) Ratio of 0.0093, which attests that the entity had a 0.0093% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Grnges AB, which you can use to evaluate the volatility of the firm. Please check out Grnges AB's Risk Adjusted Performance of 0.0192, market risk adjusted performance of 0.0575, and Downside Deviation of 1.95 to validate if the risk estimate we provide is consistent with the expected return of 0.0187%.
Grnges Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Grnges |
Sharpe Ratio = 0.0093
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Estimated Market Risk
| 2.02 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Grnges AB is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Grnges AB by adding Grnges AB to a well-diversified portfolio.
Grnges AB Valuation on September 1, 2023
It is possible to determine the worth of Grnges AB on a given historical date. On September 1, 2023 Grnges was worth 101.73 at the beginning of the trading date compared to the closed value of 102.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Grnges AB stock. Still, in general, we apply an absolute valuation method to find Grnges AB's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Grnges AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Grnges AB's related companies.
| Open | High | Low | Close | Volume | |
| 102.12 | 102.42 | 100.56 | 102.22 | 98,940 | |
09/01/2023 | 101.73 | 103.10 | 100.46 | 102.22 | 88,164 |
| 101.63 | 103.88 | 101.63 | 103.59 | 75,544 |
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Grnges AB Trading Date Momentum on September 1, 2023
| On September 04 2023 Grnges AB was traded for 103.59 at the closing time. The highest price during the trading period was 103.88 and the lowest recorded bid was listed for 101.63 . The volume for the day was 75.5 K. This history from September 4, 2023 contributed to the next trading day price appreciation. The overall trading delta to the next closing price was 1.34% . The overall trading delta to the current price is 2.58% . |
Grnges AB Fundamentals Correlations and Trends
By evaluating Grnges AB's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Grnges AB's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Grnges financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Grnges AB Stock history
Grnges AB investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Grnges is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Grnges AB will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Grnges AB stock prices may prove useful in developing a viable investing in Grnges AB
Grnges AB develops, produces, and distributes rolled aluminum materials for brazed heat exchanger and niche applications in Europe, Asia, and the Americas. The company was founded in 1896 and is headquartered in Stockholm, Sweden. Grnges AB operates under Non-ferrous Metals Production And Products classification in Sweden and is traded on Stockholm Stock Exchange. It employs 1800 people.
Grnges AB Stock Technical Analysis
Grnges AB 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.
Price Boundaries
Grnges AB Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Grnges AB cannot be verified against its exchange. Please verify the symbol is currently traded on Stockholm Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Grnges AB November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Grnges AB stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grnges AB shares will generate the highest return on investment. By undertsting and applying Grnges AB stock market strength indicators, traders can identify Grnges AB entry and exit signals to maximize returns
Grnges AB Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Grnges AB's price direction in advance. Along with the technical and fundamental analysis of Grnges Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Grnges to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0192 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0475 |
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Additional Tools for Grnges Stock Analysis
When running Grnges AB's price analysis, check to measure Grnges AB'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 Grnges AB is operating at the current time. Most of Grnges AB's value examination focuses on studying past and present price action to predict the probability of Grnges AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grnges AB's price. Additionally, you may evaluate how the addition of Grnges AB to your portfolios can decrease your overall portfolio volatility.