Greentech Metals (Australia) Market Value
| GRE Stock | 0.09 0.01 8.60% |
| Symbol | Greentech |
Greentech Metals '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 Greentech Metals' 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 Greentech Metals.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Greentech Metals on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Greentech Metals or generate 0.0% return on investment in Greentech Metals over 210 days. Greentech Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, and Aneka Tambang. Greentech Metals is entity of Australia. It is traded as Stock on AU exchange. More
Greentech Metals 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 Greentech Metals' 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 Greentech Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.76 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 39.02 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 11.11 |
Greentech Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greentech Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greentech Metals' standard deviation. In reality, there are many statistical measures that can use Greentech Metals historical prices to predict the future Greentech Metals' volatility.| Risk Adjusted Performance | 0.0207 | |||
| Jensen Alpha | 0.2088 | |||
| Total Risk Alpha | (1.03) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.10) |
Greentech Metals Backtested Returns
Currently, Greentech Metals is out of control. Greentech Metals holds Efficiency (Sharpe) Ratio of 0.0205, which attests that the entity had a 0.0205% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Greentech Metals, which you can use to evaluate the volatility of the firm. Please check out Greentech Metals' Market Risk Adjusted Performance of (0.09), risk adjusted performance of 0.0207, and Downside Deviation of 8.76 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Greentech Metals has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.9, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Greentech Metals are expected to decrease slowly. On the other hand, during market turmoil, Greentech Metals is expected to outperform it slightly. Greentech Metals right now retains a risk of 6.77%. Please check out Greentech Metals coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to decide if Greentech Metals will be following its current trending patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
Greentech Metals has poor reverse predictability. Overlapping area represents the amount of predictability between Greentech Metals time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Greentech Metals price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Greentech Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Greentech Metals lagged returns against current returns
Autocorrelation, which is Greentech Metals 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 Greentech Metals' stock expected returns. We can calculate the autocorrelation of Greentech Metals returns to help us make a trade decision. For example, suppose you find that Greentech Metals 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 |
Greentech Metals 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 Greentech Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greentech Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greentech Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Greentech Metals Lagged Returns
When evaluating Greentech Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greentech Metals stock have on its future price. Greentech Metals 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, Greentech Metals autocorrelation shows the relationship between Greentech Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Greentech Metals.
Regressed Prices |
| Timeline |
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Additional Tools for Greentech Stock Analysis
When running Greentech Metals' price analysis, check to measure Greentech Metals' 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 Greentech Metals is operating at the current time. Most of Greentech Metals' value examination focuses on studying past and present price action to predict the probability of Greentech Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greentech Metals' price. Additionally, you may evaluate how the addition of Greentech Metals to your portfolios can decrease your overall portfolio volatility.