Gerdau SA (Brazil) Market Value
| GGBR3 Stock | BRL 19.50 0.20 1.04% |
| Symbol | Gerdau |
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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Gerdau SA on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Gerdau SA or generate 0.0% return on investment in Gerdau SA over 30 days. Gerdau SA is related to or competes with Usinas Siderrgicas, Metalurgica Gerdau, Gerdau SA, Companhia Siderrgica, and Metalurgica Gerdau. Gerdau S.A. provides steel-related products and services worldwide 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0935 | |||
| Maximum Drawdown | 13.52 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 3.55 |
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 | 0.1287 | |||
| Jensen Alpha | 0.2243 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1226 | |||
| Treynor Ratio | 0.4564 |
Gerdau SA Backtested Returns
Gerdau SA appears to be very steady, given 3 months investment horizon. Gerdau SA holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gerdau SA, which you can use to evaluate the volatility of the firm. Please utilize Gerdau SA's Market Risk Adjusted Performance of 0.4664, risk adjusted performance of 0.1287, and Downside Deviation of 1.5 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gerdau SA holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gerdau SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gerdau SA is expected to be smaller as well. Please check Gerdau SA's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Gerdau SA's current trending patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Gerdau SA has good predictability. Overlapping area represents the amount of predictability between Gerdau SA time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 price movement. The serial correlation of 0.68 indicates that around 68.0% of current Gerdau SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Gerdau SA 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.
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.Additional Tools for Gerdau Stock Analysis
When running Gerdau SA's price analysis, check to measure Gerdau SA'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 Gerdau SA is operating at the current time. Most of Gerdau SA's value examination focuses on studying past and present price action to predict the probability of Gerdau SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gerdau SA's price. Additionally, you may evaluate how the addition of Gerdau SA to your portfolios can decrease your overall portfolio volatility.