Grenergy Renovables (Spain) Price on December 3, 2024
GRE Stock | EUR 28.50 0.20 0.71% |
If you're considering investing in Grenergy Stock, it is important to understand the factors that can impact its price. As of today, the current price of Grenergy Renovables stands at 28.50, as last reported on the 4th of December, with the highest price reaching 28.70 and the lowest price hitting 28.05 during the day. Grenergy Renovables holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. Grenergy Renovables exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grenergy Renovables' Market Risk Adjusted Performance of 0.4224, standard deviation of 2.78, and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide.
Grenergy Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Grenergy |
Sharpe Ratio = -0.1023
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Estimated Market Risk
2.71 actual daily | 24 76% of assets are more volatile |
Expected Return
-0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Grenergy Renovables 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 Grenergy Renovables by adding Grenergy Renovables to a well-diversified portfolio.
Grenergy Renovables Valuation on December 3, 2024
It is possible to determine the worth of Grenergy Renovables on a given historical date. On December 3, 2024 Grenergy was worth 29.4 at the beginning of the trading date compared to the closed value of 28.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Grenergy Renovables stock. Still, in general, we apply an absolute valuation method to find Grenergy Renovables' 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 Grenergy Renovables where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Grenergy Renovables' related companies.
Open | High | Low | Close | Volume | |
28.80 | 30.00 | 28.70 | 29.50 | 69,358 | |
12/03/2024 | 29.40 | 29.40 | 27.65 | 28.30 | 91,949 |
28.50 | 28.70 | 28.05 | 28.50 | 49,710 |
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Grenergy Renovables Trading Date Momentum on December 3, 2024
On December 04 2024 Grenergy Renovables SA was traded for 28.50 at the closing time. The maximum traded price for the trading interval was 28.70 and the lowest daily price was 28.05 . The daily volume was recorded at 49.7 K. The volume of trading on 4th of December 2024 played a part in the next trading day price growth. The overall trading delta to the next closing price was 0.71% . The overall trading delta to the closing price today is 0.71% . |
Grenergy Renovables Fundamentals Correlations and Trends
By evaluating Grenergy Renovables' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Grenergy Renovables' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Grenergy financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Grenergy Renovables Stock history
Grenergy Renovables 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 Grenergy is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Grenergy Renovables 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 Grenergy Renovables stock prices may prove useful in developing a viable investing in Grenergy Renovables
Grenergy Renovables, S.A., together with its subsidiaries, operates as an independent power producer. Grenergy Renovables, S.A. is a subsidiary of Daruan Group Holding, S.L. GRENERGY RENOVABLES is traded on Madrid SE C.A.T.S. in Spain.
Grenergy Renovables Stock Technical Analysis
Grenergy Renovables 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
Grenergy Renovables Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Grenergy Renovables SA cannot be verified against its exchange. Please verify the symbol is currently traded on Madrid 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.
Grenergy Renovables December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Grenergy Renovables stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grenergy Renovables shares will generate the highest return on investment. By undertsting and applying Grenergy Renovables stock market strength indicators, traders can identify Grenergy Renovables SA entry and exit signals to maximize returns
Grenergy Renovables Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Grenergy Renovables' price direction in advance. Along with the technical and fundamental analysis of Grenergy Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Grenergy 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 | (0.04) | |||
Jensen Alpha | (0.14) | |||
Total Risk Alpha | (0.56) | |||
Treynor Ratio | 0.4124 |
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Volume Indicators |
Complementary Tools for Grenergy Stock analysis
When running Grenergy Renovables' price analysis, check to measure Grenergy Renovables' 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 Grenergy Renovables is operating at the current time. Most of Grenergy Renovables' value examination focuses on studying past and present price action to predict the probability of Grenergy Renovables' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grenergy Renovables' price. Additionally, you may evaluate how the addition of Grenergy Renovables to your portfolios can decrease your overall portfolio volatility.
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