Grnges AB (Sweden) Market Value
| GRNG Stock | SEK 125.80 1.80 1.45% |
| Symbol | Grnges |
Grnges AB '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 Grnges AB'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 Grnges AB.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Grnges AB on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Grnges AB or generate 0.0% return on investment in Grnges AB over 30 days. Grnges AB is related to or competes with Inwido AB, Peab AB, Mekonomen, Bilia AB, and Lindab International. Grnges AB develops, produces, and distributes rolled aluminum materials for brazed heat exchanger and niche applications... More
Grnges AB 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 Grnges AB'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 Grnges AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.46 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 2.89 |
Grnges AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grnges AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grnges AB's standard deviation. In reality, there are many statistical measures that can use Grnges AB historical prices to predict the future Grnges AB's volatility.| Risk Adjusted Performance | 0.0192 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0475 |
Grnges AB Backtested Returns
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 Market Risk Adjusted Performance of 0.0575, downside deviation of 1.95, and Risk Adjusted Performance of 0.0192 to validate if the risk estimate we provide is consistent with the expected return of 0.0187%. The company retains a Market Volatility (i.e., Beta) of 0.51, 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 2.02%. 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.
Auto-correlation | -0.45 |
Modest reverse predictability
Grnges AB has modest reverse predictability. Overlapping area represents the amount of predictability between Grnges AB time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Grnges AB price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Grnges AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 10.69 |
Grnges AB lagged returns against current returns
Autocorrelation, which is Grnges AB 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 Grnges AB's stock expected returns. We can calculate the autocorrelation of Grnges AB returns to help us make a trade decision. For example, suppose you find that Grnges AB 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 |
Grnges AB 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 Grnges AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grnges AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grnges AB stock over time.
Current vs Lagged Prices |
| Timeline |
Grnges AB Lagged Returns
When evaluating Grnges AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grnges AB stock have on its future price. Grnges AB 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, Grnges AB autocorrelation shows the relationship between Grnges AB stock current value and its past values and can show if there is a momentum factor associated with investing in Grnges AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
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.