Gerdau Sa Adr Stock Market Value
| GGB Stock | USD 3.39 0.08 2.31% |
| Symbol | Gerdau |
Is Steel Works Etc 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 Gerdau SA. If investors know Gerdau 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 Gerdau SA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Gerdau SA ADR is measured differently than its book value, which is the value of Gerdau that is recorded on the company's balance sheet. Investors also form their own opinion of Gerdau SA's value that differs from its market value or its book value, called intrinsic value, which is Gerdau SA'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 Gerdau SA's market value can be influenced by many factors that don't directly affect Gerdau SA'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 Gerdau SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gerdau SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gerdau SA'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.
Gerdau SA '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 Gerdau SA'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 Gerdau SA.
| 08/24/2024 |
| 11/22/2024 |
If you would invest 0.00 in Gerdau SA on August 24, 2024 and sell it all today you would earn a total of 0.00 from holding Gerdau SA ADR or generate 0.0% return on investment in Gerdau SA over 90 days. Gerdau SA is related to or competes with Usinas Siderurgicas, Ternium SA, ArcelorMittal, POSCO Holdings, Steel Dynamics, Nucor Corp, and Reliance Steel. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business... More
Gerdau SA 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 Gerdau SA'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 Gerdau SA ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.26 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 3.44 |
Gerdau SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gerdau SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gerdau SA's standard deviation. In reality, there are many statistical measures that can use Gerdau SA historical prices to predict the future Gerdau SA's volatility.| Risk Adjusted Performance | 0.0201 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0208 |
Gerdau SA ADR Backtested Returns
At this point, Gerdau SA is moderately volatile. Gerdau SA ADR holds Efficiency (Sharpe) Ratio of 0.0174, which attests that the entity had a 0.0174% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gerdau SA ADR, which you can use to evaluate the volatility of the firm. Please check out Gerdau SA's Market Risk Adjusted Performance of 0.0308, risk adjusted performance of 0.0201, and Downside Deviation of 2.03 to validate if the risk estimate we provide is consistent with the expected return of 0.0427%. Gerdau SA has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.57, 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, Gerdau SA will likely underperform. Gerdau SA ADR right now retains a risk of 2.46%. Please check out Gerdau SA potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if Gerdau SA will be following its current trending patterns.
Auto-correlation | 0.57 |
Modest predictability
Gerdau SA ADR has modest predictability. Overlapping area represents the amount of predictability between Gerdau SA time series from 24th of August 2024 to 8th of October 2024 and 8th of October 2024 to 22nd of November 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 Gerdau SA ADR price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Gerdau SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Gerdau SA ADR lagged returns against current returns
Autocorrelation, which is Gerdau SA 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 Gerdau SA's stock expected returns. We can calculate the autocorrelation of Gerdau SA returns to help us make a trade decision. For example, suppose you find that Gerdau SA 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 |
Gerdau SA 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 Gerdau SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gerdau SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gerdau SA stock over time.
Current vs Lagged Prices |
| Timeline |
Gerdau SA Lagged Returns
When evaluating Gerdau SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gerdau SA stock have on its future price. Gerdau SA 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, Gerdau SA autocorrelation shows the relationship between Gerdau SA stock current value and its past values and can show if there is a momentum factor associated with investing in Gerdau SA ADR.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Gerdau SA ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gerdau SA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gerdau Sa Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gerdau Sa Adr Stock:Check out Gerdau SA Correlation, Gerdau SA Volatility and Gerdau SA Alpha and Beta module to complement your research on Gerdau SA. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Gerdau SA 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.