Greenfire Resources Stock Market Value
| GFR Stock | 6.70 0.06 0.89% |
| Symbol | Greenfire |
Greenfire Resources Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Greenfire Resources. If investors know Greenfire 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 Greenfire Resources 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 0.229 | Earnings Share 0.53 | Revenue Per Share 11.074 | Quarterly Revenue Growth 0.249 | Return On Assets 0.0384 |
The market value of Greenfire Resources is measured differently than its book value, which is the value of Greenfire that is recorded on the company's balance sheet. Investors also form their own opinion of Greenfire Resources' value that differs from its market value or its book value, called intrinsic value, which is Greenfire Resources' 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 Greenfire Resources' market value can be influenced by many factors that don't directly affect Greenfire Resources' 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 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.
Greenfire Resources '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 Greenfire Resources' 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 Greenfire Resources.
| 12/27/2022 |
| 12/16/2024 |
If you would invest 0.00 in Greenfire Resources on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding Greenfire Resources or generate 0.0% return on investment in Greenfire Resources over 720 days. Greenfire Resources is related to or competes with Ring Energy, Gran Tierra, and Comstock Resources. Greenfire Resources is entity of United States More
Greenfire Resources 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 Greenfire Resources' 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 Greenfire Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 21.56 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 4.98 |
Greenfire Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenfire Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenfire Resources' standard deviation. In reality, there are many statistical measures that can use Greenfire Resources historical prices to predict the future Greenfire Resources' volatility.| Risk Adjusted Performance | 0.0313 | |||
| Jensen Alpha | 0.0327 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.147 |
Greenfire Resources Backtested Returns
Greenfire Resources holds Efficiency (Sharpe) Ratio of -0.0721, which attests that the entity had a -0.0721% return per unit of risk over the last 3 months. Greenfire Resources exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greenfire Resources' Risk Adjusted Performance of 0.0313, downside deviation of 2.31, and Market Risk Adjusted Performance of 0.157 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Greenfire Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Greenfire Resources is expected to be smaller as well. At this point, Greenfire Resources has a negative expected return of -0.16%. Please make sure to check out Greenfire Resources' value at risk, and the relationship between the jensen alpha and skewness , to decide if Greenfire Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Greenfire Resources has good reverse predictability. Overlapping area represents the amount of predictability between Greenfire Resources time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 to 16th 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 Greenfire Resources price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Greenfire Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Greenfire Resources lagged returns against current returns
Autocorrelation, which is Greenfire Resources 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 Greenfire Resources' stock expected returns. We can calculate the autocorrelation of Greenfire Resources returns to help us make a trade decision. For example, suppose you find that Greenfire Resources 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 |
Greenfire Resources 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 Greenfire Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenfire Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenfire Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Greenfire Resources Lagged Returns
When evaluating Greenfire Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenfire Resources stock have on its future price. Greenfire Resources 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, Greenfire Resources autocorrelation shows the relationship between Greenfire Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Greenfire Resources.
Regressed Prices |
| Timeline |
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.Moving together with Greenfire Stock
Moving against Greenfire Stock
| 0.37 | DEC | Diversified Energy | PairCorr |
| 0.34 | VIST | Vista Oil Gas | PairCorr |
| 0.34 | BKV | BKV Corporation | PairCorr |
| 0.32 | EP | Empire Petroleum Corp | PairCorr |
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.Additional Tools for Greenfire Stock Analysis
When running Greenfire Resources' price analysis, check to measure Greenfire Resources' 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 Greenfire Resources is operating at the current time. Most of Greenfire Resources' value examination focuses on studying past and present price action to predict the probability of Greenfire Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greenfire Resources' price. Additionally, you may evaluate how the addition of Greenfire Resources to your portfolios can decrease your overall portfolio volatility.