Greenway Technologies Stock Market Value
| GWTI Stock | USD 0.04 0 12.90% |
| Symbol | Greenway |
Greenway Technologies '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 Greenway Technologies' 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 Greenway Technologies.
| 09/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in Greenway Technologies on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding Greenway Technologies or generate 0.0% return on investment in Greenway Technologies over 90 days. Greenway Technologies is related to or competes with Calfrac Well, Akastor ASA, Trican Well, and Recon Technology. Greenway Technologies, Inc., through its subsidiary, Greenway Innovative Energy, Inc., engages in the research, developm... More
Greenway Technologies 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 Greenway Technologies' 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 Greenway Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.02 | |||
| Information Ratio | 0.109 | |||
| Maximum Drawdown | 176.0 | |||
| Value At Risk | (31.82) | |||
| Potential Upside | 28.63 |
Greenway Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenway Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenway Technologies' standard deviation. In reality, there are many statistical measures that can use Greenway Technologies historical prices to predict the future Greenway Technologies' volatility.| Risk Adjusted Performance | 0.0963 | |||
| Jensen Alpha | 2.36 | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | 0.1037 | |||
| Treynor Ratio | 0.6546 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Greenway Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Greenway Technologies Backtested Returns
Greenway Technologies is out of control given 3 months investment horizon. Greenway Technologies 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 interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.93% are justified by taking the suggested risk. Use Greenway Technologies Risk Adjusted Performance of 0.0963, market risk adjusted performance of 0.6646, and Downside Deviation of 26.02 to evaluate company specific risk that cannot be diversified away. Greenway Technologies holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 4.28, 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, Greenway Technologies will likely underperform. Use Greenway Technologies 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 Greenway Technologies.
Auto-correlation | -0.21 |
Weak reverse predictability
Greenway Technologies has weak reverse predictability. Overlapping area represents the amount of predictability between Greenway Technologies time series from 5th of September 2024 to 20th of October 2024 and 20th of October 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 Greenway Technologies price movement. The serial correlation of -0.21 indicates that over 21.0% of current Greenway Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Greenway Technologies lagged returns against current returns
Autocorrelation, which is Greenway Technologies 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 Greenway Technologies' pink sheet expected returns. We can calculate the autocorrelation of Greenway Technologies returns to help us make a trade decision. For example, suppose you find that Greenway Technologies 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 |
Greenway Technologies 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 Greenway Technologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenway Technologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenway Technologies pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Greenway Technologies Lagged Returns
When evaluating Greenway Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenway Technologies pink sheet have on its future price. Greenway Technologies 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, Greenway Technologies autocorrelation shows the relationship between Greenway Technologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Greenway Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Greenway Pink Sheet
Greenway Technologies financial ratios help investors to determine whether Greenway 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 Greenway with respect to the benefits of owning Greenway Technologies security.