Greenyard (Belgium) Market Value
| GREEN Stock | EUR 4.80 0.05 1.03% |
| Symbol | Greenyard |
Greenyard '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 Greenyard'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 Greenyard.
| 10/25/2023 |
| 12/18/2024 |
If you would invest 0.00 in Greenyard on October 25, 2023 and sell it all today you would earn a total of 0.00 from holding Greenyard NV or generate 0.0% return on investment in Greenyard over 420 days. Greenyard is related to or competes with Ontex Group, Exmar NV, Melexis NV, Biocartis Group, and Kinepolis Group. Greenyard NV produces and sells fresh, frozen, and prepared fruits, vegetables, flowers, and plants for retailers and fo... More
Greenyard 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 Greenyard'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 Greenyard NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 10.18 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 2.27 |
Greenyard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenyard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenyard's standard deviation. In reality, there are many statistical measures that can use Greenyard historical prices to predict the future Greenyard's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 3.61 |
Greenyard NV Backtested Returns
Greenyard NV holds Efficiency (Sharpe) Ratio of -0.24, which attests that the entity had a -0.24% return per unit of risk over the last 3 months. Greenyard NV exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greenyard's Risk Adjusted Performance of (0.17), standard deviation of 1.5, and Market Risk Adjusted Performance of 3.62 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Greenyard are expected to decrease at a much lower rate. During the bear market, Greenyard is likely to outperform the market. At this point, Greenyard NV has a negative expected return of -0.36%. Please make sure to check out Greenyard's potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if Greenyard NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
Greenyard NV has very weak reverse predictability. Overlapping area represents the amount of predictability between Greenyard time series from 25th of October 2023 to 22nd of May 2024 and 22nd of May 2024 to 18th 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 Greenyard NV price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Greenyard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Greenyard NV lagged returns against current returns
Autocorrelation, which is Greenyard 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 Greenyard's stock expected returns. We can calculate the autocorrelation of Greenyard returns to help us make a trade decision. For example, suppose you find that Greenyard 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 |
Greenyard 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 Greenyard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenyard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenyard stock over time.
Current vs Lagged Prices |
| Timeline |
Greenyard Lagged Returns
When evaluating Greenyard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenyard stock have on its future price. Greenyard 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, Greenyard autocorrelation shows the relationship between Greenyard stock current value and its past values and can show if there is a momentum factor associated with investing in Greenyard NV.
Regressed Prices |
| Timeline |
Pair Trading with Greenyard
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 Greenyard 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 Greenyard will appreciate offsetting losses from the drop in the long position's value.Moving together with Greenyard Stock
The ability to find closely correlated positions to Greenyard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greenyard 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 Greenyard - 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 Greenyard NV to buy it.
The correlation of Greenyard 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 Greenyard moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenyard NV 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 Greenyard 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.Other Information on Investing in Greenyard Stock
Greenyard financial ratios help investors to determine whether Greenyard 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 Greenyard with respect to the benefits of owning Greenyard security.