Greenfire Enterprise Value Multiple from 2010 to 2024

GFR Stock   9.51  0.13  1.35%   
Greenfire Resources Enterprise Value Multiple yearly trend continues to be very stable with very little volatility. Enterprise Value Multiple is likely to drop to 8.78. During the period from 2010 to 2024, Greenfire Resources Enterprise Value Multiple quarterly data regression pattern had sample variance of  4.44 and median of  10.83. View All Fundamentals
 
Enterprise Value Multiple  
First Reported
2010-12-31
Previous Quarter
10.35415417
Current Value
8.78
Quarterly Volatility
2.10740262
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Greenfire Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Greenfire Resources' main balance sheet or income statement drivers, such as Tax Provision of 23.4 M, Interest Expense of 77.3 M or Selling General Administrative of 67.2 M, as well as many indicators such as Price To Sales Ratio of 0.49, Dividend Yield of 0.14 or PTB Ratio of 0.53. Greenfire financial statements analysis is a perfect complement when working with Greenfire Resources Valuation or Volatility modules.
  
This module can also supplement various Greenfire Resources Technical models . Check out the analysis of Greenfire Resources Correlation against competitors.
To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.

Pair Trading with Greenfire Resources

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 Greenfire Resources 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 Greenfire Resources will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Greenfire Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greenfire Resources 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 Greenfire Resources - 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 Greenfire Resources to buy it.
The correlation of Greenfire Resources 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 Greenfire Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenfire Resources 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 Greenfire Resources 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.
Pair CorrelationCorrelation Matching
When determining whether Greenfire Resources is a strong investment it is important to analyze Greenfire Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Greenfire Resources' future performance. For an informed investment choice regarding Greenfire Stock, refer to the following important reports:
Check out the analysis of Greenfire Resources Correlation against competitors.
To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Please note, there is a significant difference between Greenfire Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenfire Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenfire Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.