Grimoldi (Argentina) Market Value
| GRIM Stock | ARS 1,275 20.00 1.54% |
| Symbol | Grimoldi |
Grimoldi '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 Grimoldi'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 Grimoldi.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Grimoldi on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Grimoldi SA or generate 0.0% return on investment in Grimoldi over 30 days. Grimoldi is related to or competes with Agrometal SAI, Transportadora, Harmony Gold, and Telecom Argentina. Grimoldi S.A. manufactures and sells footwear, accessories, and dress items for men, women, and children More
Grimoldi 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 Grimoldi'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 Grimoldi SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.74 | |||
| Value At Risk | (5.02) | |||
| Potential Upside | 3.73 |
Grimoldi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grimoldi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grimoldi's standard deviation. In reality, there are many statistical measures that can use Grimoldi historical prices to predict the future Grimoldi's volatility.| Risk Adjusted Performance | 0.0394 | |||
| Jensen Alpha | 0.027 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1579 |
Grimoldi SA Backtested Returns
At this point, Grimoldi is very steady. Grimoldi SA holds Efficiency (Sharpe) Ratio of 0.0144, which attests that the entity had a 0.0144% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Grimoldi SA, which you can use to evaluate the volatility of the firm. Please check out Grimoldi's Risk Adjusted Performance of 0.0394, downside deviation of 2.9, and Market Risk Adjusted Performance of 0.1679 to validate if the risk estimate we provide is consistent with the expected return of 0.0343%. Grimoldi has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Grimoldi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grimoldi is expected to be smaller as well. Grimoldi SA right now retains a risk of 2.37%. Please check out Grimoldi downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Grimoldi will be following its current trending patterns.
Auto-correlation | 0.75 |
Good predictability
Grimoldi SA has good predictability. Overlapping area represents the amount of predictability between Grimoldi time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Grimoldi SA price movement. The serial correlation of 0.75 indicates that around 75.0% of current Grimoldi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 637.6 |
Grimoldi SA lagged returns against current returns
Autocorrelation, which is Grimoldi 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 Grimoldi's stock expected returns. We can calculate the autocorrelation of Grimoldi returns to help us make a trade decision. For example, suppose you find that Grimoldi 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 |
Grimoldi 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 Grimoldi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grimoldi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grimoldi stock over time.
Current vs Lagged Prices |
| Timeline |
Grimoldi Lagged Returns
When evaluating Grimoldi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grimoldi stock have on its future price. Grimoldi 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, Grimoldi autocorrelation shows the relationship between Grimoldi stock current value and its past values and can show if there is a momentum factor associated with investing in Grimoldi 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.Other Information on Investing in Grimoldi Stock
Grimoldi financial ratios help investors to determine whether Grimoldi Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Grimoldi with respect to the benefits of owning Grimoldi security.