Grendene (Brazil) Price on November 11, 2024
| GRND3 Stock | BRL 5.45 0.02 0.37% |
If you're considering investing in Grendene Stock, it is important to understand the factors that can impact its price. As of today, the current price of Grendene stands at 5.45, as last reported on the 12th of December 2024, with the highest price reaching 5.56 and the lowest price hitting 5.38 during the day. Grendene SA holds Efficiency (Sharpe) Ratio of -0.0789, which attests that the entity had a -0.0789% return per unit of risk over the last 3 months. Grendene SA exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grendene's Mean Deviation of 1.21, risk adjusted performance of (0.03), and Variance of 3.11 to validate the risk estimate we provide.
Grendene Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Grendene |
Sharpe Ratio = -0.0789
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Estimated Market Risk
| 1.8 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Grendene 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 Grendene by adding Grendene to a well-diversified portfolio.
Grendene Valuation on November 11, 2024
It is possible to determine the worth of Grendene on a given historical date. On November 11, 2024 Grendene was worth 5.18 at the beginning of the trading date compared to the closed value of 5.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Grendene stock. Still, in general, we apply an absolute valuation method to find Grendene's 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 Grendene where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Grendene's related companies.
| Open | High | Low | Close | Volume | |
| 5.25 | 5.25 | 5.09 | 5.13 | 995,400 | |
11/11/2024 | 5.18 | 5.24 | 5.11 | 5.24 | 948,500 |
| 5.30 | 5.30 | 5.20 | 5.24 | 990,400 |
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Grendene Trading Date Momentum on November 11, 2024
| On November 12 2024 Grendene SA was traded for 5.24 at the closing time. The highest price during the trading period was 5.30 and the lowest recorded bid was listed for 5.20 . The volume for the day was 990.4 K. This history from November 12, 2024 did not cause price change. The overall trading delta to the current price is 2.48% . |
Grendene SA Fundamentals Correlations and Trends
By evaluating Grendene's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Grendene's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Grendene financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Grendene Stock history
Grendene 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 Grendene is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Grendene SA 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 Grendene stock prices may prove useful in developing a viable investing in Grendene
Grendene S.A. develops, manufactures, distributes, and sells footwear for men, women, and children primarily in Brazil. Grendene S.A. was founded in 1971 and is headquartered in Sobral, Brazil. GRENDENE operates under Footwear Accessories classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 20240 people.
Grendene Stock Technical Analysis
Grendene 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
Grendene Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Grendene SA cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo 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.
Grendene December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Grendene stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Grendene shares will generate the highest return on investment. By undertsting and applying Grendene stock market strength indicators, traders can identify Grendene SA entry and exit signals to maximize returns
Grendene Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Grendene's price direction in advance. Along with the technical and fundamental analysis of Grendene Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Grendene 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 | (0.03) | |||
| Total Risk Alpha | (0.38) |
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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.