Grendene (Brazil) Statistic Functions Beta
| GRND3 Stock | BRL 5.47 0.28 5.39% |
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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Grendene SA correlated with the market. If Beta is less than 0 Grendene generally moves in the opposite direction as compared to the market. If Grendene Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Grendene SA is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Grendene is generally in the same direction as the market. If Beta > 1 Grendene moves generally in the same direction as, but more than the movement of the benchmark.
Grendene Technical Analysis Modules
Most technical analysis of Grendene help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Grendene from various momentum indicators to cycle indicators. When you analyze Grendene charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Grendene Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Grendene SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Grendene SA based on widely used predictive technical indicators. In general, we focus on analyzing Grendene Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Grendene's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Grendene's intrinsic value. In addition to deriving basic predictive indicators for Grendene, we also check how macroeconomic factors affect Grendene price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Grendene SA pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Grendene position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Grendene will appreciate offsetting losses from the drop in the long position's value.Grendene Pair Trading
Grendene SA Pair Trading Analysis
The ability to find closely correlated positions to Grendene could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grendene when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Grendene - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Grendene SA to buy it.
The correlation of Grendene is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grendene moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grendene SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Grendene can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.