GREENLIGHT CAP (Germany) Market Value
| G8L Stock | EUR 13.30 0.40 2.92% |
| Symbol | GREENLIGHT |
GREENLIGHT CAP '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 GREENLIGHT CAP'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 GREENLIGHT CAP.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in GREENLIGHT CAP on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding GREENLIGHT CAP RE or generate 0.0% return on investment in GREENLIGHT CAP over 30 days. GREENLIGHT CAP is related to or competes with SLR Investment, Strategic Investments, Shin Etsu, Mitsubishi Gas, Gladstone Investment, CDL INVESTMENT, and SEI INVESTMENTS. More
GREENLIGHT CAP 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 GREENLIGHT CAP'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 GREENLIGHT CAP RE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.0357 | |||
| Maximum Drawdown | 13.77 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.16 |
GREENLIGHT CAP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GREENLIGHT CAP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GREENLIGHT CAP's standard deviation. In reality, there are many statistical measures that can use GREENLIGHT CAP historical prices to predict the future GREENLIGHT CAP's volatility.| Risk Adjusted Performance | 0.0478 | |||
| Jensen Alpha | 0.0614 | |||
| Total Risk Alpha | 0.0366 | |||
| Sortino Ratio | 0.0389 | |||
| Treynor Ratio | 0.0724 |
GREENLIGHT CAP RE Backtested Returns
At this point, GREENLIGHT CAP is not too volatile. GREENLIGHT CAP RE holds Efficiency (Sharpe) Ratio of 0.0531, which attests that the entity had a 0.0531% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for GREENLIGHT CAP RE, which you can use to evaluate the volatility of the firm. Please check out GREENLIGHT CAP's Semi Deviation of 1.24, market risk adjusted performance of 0.0824, and Risk Adjusted Performance of 0.0478 to validate if the risk estimate we provide is consistent with the expected return of 0.0986%. GREENLIGHT CAP has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.22, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, GREENLIGHT CAP will likely underperform. GREENLIGHT CAP RE now retains a risk of 1.86%. Please check out GREENLIGHT CAP coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if GREENLIGHT CAP will be following its current trending patterns.
Auto-correlation | 0.20 |
Weak predictability
GREENLIGHT CAP RE has weak predictability. Overlapping area represents the amount of predictability between GREENLIGHT CAP time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 GREENLIGHT CAP RE price movement. The serial correlation of 0.2 indicates that over 20.0% of current GREENLIGHT CAP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
GREENLIGHT CAP RE lagged returns against current returns
Autocorrelation, which is GREENLIGHT CAP 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 GREENLIGHT CAP's stock expected returns. We can calculate the autocorrelation of GREENLIGHT CAP returns to help us make a trade decision. For example, suppose you find that GREENLIGHT CAP 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 |
GREENLIGHT CAP 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 GREENLIGHT CAP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GREENLIGHT CAP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GREENLIGHT CAP stock over time.
Current vs Lagged Prices |
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GREENLIGHT CAP Lagged Returns
When evaluating GREENLIGHT CAP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GREENLIGHT CAP stock have on its future price. GREENLIGHT CAP 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, GREENLIGHT CAP autocorrelation shows the relationship between GREENLIGHT CAP stock current value and its past values and can show if there is a momentum factor associated with investing in GREENLIGHT CAP RE.
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 GREENLIGHT Stock
GREENLIGHT CAP financial ratios help investors to determine whether GREENLIGHT 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 GREENLIGHT with respect to the benefits of owning GREENLIGHT CAP security.