Greengro Tech Stock Market Value
Greengro Tech's market value is the price at which a share of Greengro Tech trades on a public exchange. It measures the collective expectations of Greengro Tech investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Greengro Tech and determine expected loss or profit from investing in Greengro Tech over a given investment horizon. Check out Greengro Tech Correlation, Greengro Tech Volatility and Greengro Tech Alpha and Beta module to complement your research on Greengro Tech.
| Symbol | Greengro |
Greengro Tech '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 Greengro Tech'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 Greengro Tech.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in Greengro Tech on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding Greengro Tech or generate 0.0% return on investment in Greengro Tech over 720 days. Greengro Tech is related to or competes with Parsons Corp, Appen, and Usio. GreenGro Technologies, Inc. designs, manufactures, and markets green eco-friendly vertical cultivation systems in the Un... More
Greengro Tech 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 Greengro Tech'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 Greengro Tech upside and downside potential and time the market with a certain degree of confidence.
Greengro Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greengro Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greengro Tech's standard deviation. In reality, there are many statistical measures that can use Greengro Tech historical prices to predict the future Greengro Tech's volatility.Greengro Tech Backtested Returns
We have found zero technical indicators for Greengro Tech, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Greengro Tech are completely uncorrelated.
Auto-correlation | 0.39 |
Below average predictability
Greengro Tech has below average predictability. Overlapping area represents the amount of predictability between Greengro Tech time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 Greengro Tech price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Greengro Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Greengro Tech lagged returns against current returns
Autocorrelation, which is Greengro Tech 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 Greengro Tech's pink sheet expected returns. We can calculate the autocorrelation of Greengro Tech returns to help us make a trade decision. For example, suppose you find that Greengro Tech 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 |
Greengro Tech 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 Greengro Tech pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greengro Tech pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greengro Tech pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Greengro Tech Lagged Returns
When evaluating Greengro Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greengro Tech pink sheet have on its future price. Greengro Tech 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, Greengro Tech autocorrelation shows the relationship between Greengro Tech pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Greengro Tech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Greengro Pink Sheet
Greengro Tech financial ratios help investors to determine whether Greengro 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 Greengro with respect to the benefits of owning Greengro Tech security.