Neogrid Participaes (Brazil) Performance
| NGRD3 Stock | BRL 0.98 0.01 1.01% |
The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Neogrid Participaes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Neogrid Participaes is expected to be smaller as well. Neogrid Participaes has an expected return of -0.17%. Please make sure to verify Neogrid Participaes SA total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Neogrid Participaes performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Neogrid Participaes SA has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors. ...more
| Begin Period Cash Flow | 114.4 M | |
| Total Cashflows From Investing Activities | -6.2 M |
Neogrid |
Neogrid Participaes Relative Risk vs. Return Landscape
If you would invest 111.00 in Neogrid Participaes SA on February 20, 2024 and sell it today you would lose (13.00) from holding Neogrid Participaes SA or give up 11.71% of portfolio value over 90 days. Neogrid Participaes SA is generating negative expected returns and assumes 2.1718% volatility on return distribution over the 90 days horizon. Simply put, 19% of stocks are less volatile than Neogrid, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Neogrid Participaes Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neogrid Participaes' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Neogrid Participaes SA, and traders can use it to determine the average amount a Neogrid Participaes' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0804
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| Negative Returns | NGRD3 |
Estimated Market Risk
| 2.17 actual daily | 19 81% of assets are more volatile |
Expected Return
| -0.17 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 Neogrid Participaes 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 Neogrid Participaes by adding Neogrid Participaes to a well-diversified portfolio.
Neogrid Participaes Fundamentals Growth
Neogrid Stock prices reflect investors' perceptions of the future prospects and financial health of Neogrid Participaes, and Neogrid Participaes fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Neogrid Stock performance.
| Return On Equity | 0.0017 | |||
| Return On Asset | 0.0114 | |||
| Profit Margin | 0.01 % | |||
| Operating Margin | 0.05 % | |||
| Current Valuation | 205.64 M | |||
| Shares Outstanding | 228.52 M | |||
| Price To Earning | 63.42 X | |||
| Price To Book | 0.73 X | |||
| Price To Sales | 1.23 X | |||
| Revenue | 245.6 M | |||
| EBITDA | 50.84 M | |||
| Cash And Equivalents | 64.71 M | |||
| Cash Per Share | 1.42 X | |||
| Total Debt | 60.6 M | |||
| Debt To Equity | 0.22 % | |||
| Book Value Per Share | 1.98 X | |||
| Cash Flow From Operations | 33.47 M | |||
| Earnings Per Share | 0.01 X | |||
| Total Asset | 769.77 M | |||
About Neogrid Participaes Performance
To evaluate Neogrid Participaes Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Neogrid Participaes generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Neogrid Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Neogrid Participaes market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Neogrid's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Neogrid Participaes S.A., together with its subsidiaries, develops, licenses, sells, and implements customized software for supply chain and demand management applications worldwide. Neogrid Participaes S.A. was founded in 1999 and is based in Joinville, Brazil. NEOGRID ON is traded on Sao Paolo Stock Exchange in Brazil.Things to note about Neogrid Participaes performance evaluation
Checking the ongoing alerts about Neogrid Participaes for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Neogrid Participaes help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Neogrid Participaes generated a negative expected return over the last 90 days | |
| Neogrid Participaes has some characteristics of a very speculative penny stock | |
| About 54.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Neogrid Participaes' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Neogrid Participaes' stock is overvalued or undervalued compared to its peers.
- Examining Neogrid Participaes' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Neogrid Participaes' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Neogrid Participaes' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Neogrid Participaes' stock. These opinions can provide insight into Neogrid Participaes' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogrid Participaes SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Neogrid Participaes information on this page should be used as a complementary analysis to other Neogrid Participaes' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Neogrid Stock analysis
When running Neogrid Participaes' price analysis, check to measure Neogrid Participaes' 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 Neogrid Participaes is operating at the current time. Most of Neogrid Participaes' value examination focuses on studying past and present price action to predict the probability of Neogrid Participaes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neogrid Participaes' price. Additionally, you may evaluate how the addition of Neogrid Participaes to your portfolios can decrease your overall portfolio volatility.
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