Greenwave Technology Solutions Stock Market Value
| GWAV Stock | USD 0.62 0.25 67.57% |
| Symbol | Greenwave |
Greenwave Technology Price To Book Ratio
Is Environmental & Facilities Services 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 Greenwave Technology. If investors know Greenwave 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 Greenwave Technology 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 (0.71) | Earnings Share (24.70) | Revenue Per Share 24.286 | Quarterly Revenue Growth (0.16) | Return On Assets (0.18) |
The market value of Greenwave Technology is measured differently than its book value, which is the value of Greenwave that is recorded on the company's balance sheet. Investors also form their own opinion of Greenwave Technology's value that differs from its market value or its book value, called intrinsic value, which is Greenwave Technology's 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 Greenwave Technology's market value can be influenced by many factors that don't directly affect Greenwave Technology's 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 Greenwave Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenwave Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenwave Technology's 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.
Greenwave Technology '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 Greenwave Technology'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 Greenwave Technology.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Greenwave Technology on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Greenwave Technology Solutions or generate 0.0% return on investment in Greenwave Technology over 30 days. Greenwave Technology is related to or competes with BluMetric Environmental, BQE Water, Avalon Holdings, Quest Resource, Agilyx AS, Anaergia, and Ambipar Emergency. Greenwave Technology Solutions, Inc., through its subsidiary, Empire Services, Inc., operates metal recycling facilities... More
Greenwave Technology 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 Greenwave Technology'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 Greenwave Technology Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.4 | |||
| Information Ratio | 0.072 | |||
| Maximum Drawdown | 53.45 | |||
| Value At Risk | (9.30) | |||
| Potential Upside | 10.53 |
Greenwave Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenwave Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenwave Technology's standard deviation. In reality, there are many statistical measures that can use Greenwave Technology historical prices to predict the future Greenwave Technology's volatility.| Risk Adjusted Performance | 0.0723 | |||
| Jensen Alpha | 0.8373 | |||
| Total Risk Alpha | (0.58) | |||
| Sortino Ratio | 0.1052 | |||
| Treynor Ratio | 2.03 |
Greenwave Technology Backtested Returns
Greenwave Technology is out of control given 3 months investment horizon. Greenwave Technology holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use Greenwave Technology Solutions Downside Deviation of 7.4, risk adjusted performance of 0.0723, and Market Risk Adjusted Performance of 2.04 to evaluate company specific risk that cannot be diversified away. Greenwave Technology holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Greenwave Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Greenwave Technology is expected to be smaller as well. Use Greenwave Technology Solutions jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to analyze future returns on Greenwave Technology Solutions.
Auto-correlation | -0.86 |
Excellent reverse predictability
Greenwave Technology Solutions has excellent reverse predictability. Overlapping area represents the amount of predictability between Greenwave Technology time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Greenwave Technology price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Greenwave Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Greenwave Technology lagged returns against current returns
Autocorrelation, which is Greenwave Technology 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 Greenwave Technology's stock expected returns. We can calculate the autocorrelation of Greenwave Technology returns to help us make a trade decision. For example, suppose you find that Greenwave Technology 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 |
Greenwave Technology 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 Greenwave Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenwave Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenwave Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Greenwave Technology Lagged Returns
When evaluating Greenwave Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenwave Technology stock have on its future price. Greenwave Technology 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, Greenwave Technology autocorrelation shows the relationship between Greenwave Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Greenwave Technology Solutions.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Greenwave Stock Analysis
When running Greenwave Technology's price analysis, check to measure Greenwave Technology's 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 Greenwave Technology is operating at the current time. Most of Greenwave Technology's value examination focuses on studying past and present price action to predict the probability of Greenwave Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greenwave Technology's price. Additionally, you may evaluate how the addition of Greenwave Technology to your portfolios can decrease your overall portfolio volatility.