Greenlight Capital Re Stock Probability of Future Stock Price Finishing Over 18.93
| GLRE Stock | USD 13.55 0.35 2.52% |
Greenlight |
Greenlight Capital Target Price Odds to finish over 18.93
The tendency of Greenlight Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 18.93 or more in 90 days |
| 13.55 | 90 days | 18.93 | near 1 |
Based on a normal probability distribution, the odds of Greenlight Capital to move over $ 18.93 or more in 90 days from now is near 1 (This Greenlight Capital Re probability density function shows the probability of Greenlight Stock to fall within a particular range of prices over 90 days) . Probability of Greenlight Capital price to stay between its current price of $ 13.55 and $ 18.93 at the end of the 90-day period is about 84.9 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.38 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Greenlight Capital will likely underperform. Additionally Greenlight Capital Re has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Greenlight Capital Price Density |
| Price |
Predictive Modules for Greenlight Capital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Greenlight Capital. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Greenlight Capital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Greenlight Capital is not an exception. The market had few large corrections towards the Greenlight Capital's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Greenlight Capital Re, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Greenlight Capital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | 1.38 | |
σ | Overall volatility | 0.62 | |
Ir | Information ratio | -0.05 |
Greenlight Capital Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Greenlight Capital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Greenlight Capital can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Greenlight Capital generated a negative expected return over the last 90 days | |
| Greenlight Capital has a strong financial position based on the latest SEC filings | |
| About 24.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Tracking David Einhorns Greenlight Capital Portfolio - Q3 2024 Update - Seeking Alpha |
Greenlight Capital Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Greenlight Stock often depends not only on the future outlook of the current and potential Greenlight Capital's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Greenlight Capital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 34.8 M | |
| Cash And Short Term Investments | 51.1 M |
Greenlight Capital Technical Analysis
Greenlight Capital's future price can be derived by breaking down and analyzing its technical indicators over time. Greenlight Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Greenlight Capital Re. In general, you should focus on analyzing Greenlight Stock price patterns and their correlations with different microeconomic environments and drivers.
Greenlight Capital Predictive Forecast Models
Greenlight Capital's time-series forecasting models is one of many Greenlight Capital's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Greenlight Capital's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Greenlight Capital
Checking the ongoing alerts about Greenlight Capital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Greenlight Capital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Greenlight Capital generated a negative expected return over the last 90 days | |
| Greenlight Capital has a strong financial position based on the latest SEC filings | |
| About 24.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Tracking David Einhorns Greenlight Capital Portfolio - Q3 2024 Update - Seeking Alpha |
Check out Greenlight Capital Backtesting, Greenlight Capital Valuation, Greenlight Capital Correlation, Greenlight Capital Hype Analysis, Greenlight Capital Volatility, Greenlight Capital History as well as Greenlight Capital Performance. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Reinsurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Greenlight Capital. If investors know Greenlight will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Greenlight Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.59 | Earnings Share 2.53 | Revenue Per Share 20.548 | Quarterly Revenue Growth 0.079 | Return On Assets 0.033 |
The market value of Greenlight Capital is measured differently than its book value, which is the value of Greenlight that is recorded on the company's balance sheet. Investors also form their own opinion of Greenlight Capital's value that differs from its market value or its book value, called intrinsic value, which is Greenlight Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Greenlight Capital's market value can be influenced by many factors that don't directly affect Greenlight Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Greenlight Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenlight Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenlight Capital's 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.