Grendene (Brazil) Market Value
| GRND3 Stock | BRL 5.82 0.02 0.34% |
| Symbol | Grendene |
Grendene '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 Grendene'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 Grendene.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Grendene on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Grendene SA or generate 0.0% return on investment in Grendene over 90 days. Grendene is related to or competes with M Dias, Fleury SA, Engie Brasil, Odontoprev, and EZTEC Empreendimentos. Grendene S.A. develops, manufactures, distributes, and sells footwear for men, women, and children primarily in Brazil More
Grendene 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 Grendene'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 Grendene SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | 0.1568 | |||
| Maximum Drawdown | 10.81 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 4.11 |
Grendene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grendene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grendene's standard deviation. In reality, there are many statistical measures that can use Grendene historical prices to predict the future Grendene's volatility.| Risk Adjusted Performance | 0.1 | |||
| Jensen Alpha | 0.256 | |||
| Total Risk Alpha | 0.4667 | |||
| Sortino Ratio | 0.1935 | |||
| Treynor Ratio | 0.5122 |
Grendene SA Backtested Returns
Grendene appears to be somewhat reliable, given 3 months investment horizon. Grendene SA holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Grendene SA, which you can use to evaluate the volatility of the firm. Please utilize Grendene's Downside Deviation of 1.65, risk adjusted performance of 0.1, and Market Risk Adjusted Performance of 0.5222 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grendene holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Grendene's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grendene is expected to be smaller as well. Please check Grendene's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Grendene's current trending patterns will revert.
Auto-correlation | 0.45 |
Average predictability
Grendene SA has average predictability. Overlapping area represents the amount of predictability between Grendene time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Grendene SA price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Grendene price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Grendene SA lagged returns against current returns
Autocorrelation, which is Grendene 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 Grendene's stock expected returns. We can calculate the autocorrelation of Grendene returns to help us make a trade decision. For example, suppose you find that Grendene 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 |
Grendene 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 Grendene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grendene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grendene stock over time.
Current vs Lagged Prices |
| Timeline |
Grendene Lagged Returns
When evaluating Grendene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grendene stock have on its future price. Grendene 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, Grendene autocorrelation shows the relationship between Grendene stock current value and its past values and can show if there is a momentum factor associated with investing in Grendene 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 Grendene Stock Analysis
When running Grendene's price analysis, check to measure Grendene'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 Grendene is operating at the current time. Most of Grendene's value examination focuses on studying past and present price action to predict the probability of Grendene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grendene's price. Additionally, you may evaluate how the addition of Grendene to your portfolios can decrease your overall portfolio volatility.