Green Globe International Stock Market Value
| GGII Stock | USD 0.0004 0.0001 20.00% |
| Symbol | Green |
Green Globe '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 Green Globe's pink sheet 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 Green Globe.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Green Globe on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Green Globe International or generate 0.0% return on investment in Green Globe over 60 days. Green Globe is related to or competes with Imperial Brands, Turning Point, Universal, Japan Tobacco, British Amer, Imperial Brands, and Philip Morris. Green Globe International, Inc. engages in the production and sale of in-house brand of hemp-based cigarettes More
Green Globe 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 Green Globe's pink sheet 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 Green Globe International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 21.7 | |||
| Information Ratio | 0.0423 | |||
| Maximum Drawdown | 120.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Green Globe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Green Globe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Green Globe's standard deviation. In reality, there are many statistical measures that can use Green Globe historical prices to predict the future Green Globe's volatility.| Risk Adjusted Performance | 0.0475 | |||
| Jensen Alpha | 0.6661 | |||
| Total Risk Alpha | (1.76) | |||
| Sortino Ratio | 0.0338 | |||
| Treynor Ratio | 0.5364 |
Green Globe International Backtested Returns
Green Globe appears to be out of control, given 3 months investment horizon. Green Globe International holds Efficiency (Sharpe) Ratio of 0.0331, which attests that the entity had a 0.0331% return per unit of risk over the last 3 months. By evaluating Green Globe's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Green Globe's Market Risk Adjusted Performance of 0.5464, downside deviation of 21.7, and Risk Adjusted Performance of 0.0475 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Green Globe holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of 1.58, 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, Green Globe will likely underperform. Please check Green Globe's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Green Globe's current trending patterns will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Green Globe International has insignificant reverse predictability. Overlapping area represents the amount of predictability between Green Globe time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 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 Green Globe International price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Green Globe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Green Globe International lagged returns against current returns
Autocorrelation, which is Green Globe pink sheet'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 Green Globe's pink sheet expected returns. We can calculate the autocorrelation of Green Globe returns to help us make a trade decision. For example, suppose you find that Green Globe has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Green Globe 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 Green Globe pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Green Globe pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Green Globe pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Green Globe Lagged Returns
When evaluating Green Globe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Green Globe pink sheet have on its future price. Green Globe 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, Green Globe autocorrelation shows the relationship between Green Globe pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Green Globe International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Green Pink Sheet
Green Globe financial ratios help investors to determine whether Green Pink Sheet 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 Green with respect to the benefits of owning Green Globe security.