Grnges AB (Sweden) Performance
| GRNG Stock | SEK 127.60 3.30 2.65% |
Grnges AB has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Grnges AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grnges AB is expected to be smaller as well. Grnges AB right now retains a risk of 2.0%. Please check out Grnges AB standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Grnges AB will be following its current trending patterns.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Grnges AB are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, Grnges AB may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
| Begin Period Cash Flow | 809 M | |
| Total Cashflows From Investing Activities | -993 M |
Grnges |
Grnges AB Relative Risk vs. Return Landscape
If you would invest 12,075 in Grnges AB on September 4, 2024 and sell it today you would earn a total of 685.00 from holding Grnges AB or generate 5.67% return on investment over 90 days. Grnges AB is generating 0.1044% of daily returns and assumes 1.9998% volatility on return distribution over the 90 days horizon. Simply put, 17% of stocks are less volatile than Grnges, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Grnges AB Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grnges AB's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Grnges AB, and traders can use it to determine the average amount a Grnges AB's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0522
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Estimated Market Risk
| 2.0 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Grnges AB is performing at about 4% of its full potential. 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 it to a well-diversified portfolio.
Grnges AB Fundamentals Growth
Grnges Stock prices reflect investors' perceptions of the future prospects and financial health of Grnges AB, and Grnges AB fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Grnges Stock performance.
| Return On Equity | 0.0925 | |||
| Return On Asset | 0.0432 | |||
| Profit Margin | 0.03 % | |||
| Operating Margin | 0.05 % | |||
| Current Valuation | 13.54 B | |||
| Shares Outstanding | 106.31 M | |||
| Price To Earning | 11.40 X | |||
| Price To Book | 1.06 X | |||
| Price To Sales | 0.39 X | |||
| Revenue | 24.49 B | |||
| EBITDA | 2.06 B | |||
| Cash And Equivalents | 485 M | |||
| Cash Per Share | 6.42 X | |||
| Total Debt | 2.86 B | |||
| Debt To Equity | 76.00 % | |||
| Book Value Per Share | 77.17 X | |||
| Cash Flow From Operations | 1.1 B | |||
| Earnings Per Share | 6.49 X | |||
| Total Asset | 17.53 B | |||
| Retained Earnings | 2.61 B | |||
| Current Asset | 3.63 B | |||
| Current Liabilities | 1.5 B | |||
About Grnges AB Performance
Assessing Grnges AB's fundamental ratios provides investors with valuable insights into Grnges AB's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Grnges AB is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
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.Things to note about Grnges AB performance evaluation
Checking the ongoing alerts about Grnges AB for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Grnges AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Grnges AB has accumulated kr2.86 Billion in debt which can lead to volatile earnings | |
| About 67.0% of the company shares are owned by institutional investors |
- Analyzing Grnges AB's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Grnges AB's stock is overvalued or undervalued compared to its peers.
- Examining Grnges AB's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Grnges AB's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Grnges AB's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Grnges AB's stock. These opinions can provide insight into Grnges AB's potential for growth and whether the stock is currently undervalued or overvalued.
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.