Greenfirst Forest Products Stock Market Value
| ICLTF Stock | USD 3.95 0.05 1.25% |
| Symbol | GreenFirst |
GreenFirst Forest '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 GreenFirst Forest'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 GreenFirst Forest.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in GreenFirst Forest on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding GreenFirst Forest Products or generate 0.0% return on investment in GreenFirst Forest over 90 days. GreenFirst Forest is related to or competes with Fundamental Global, GreenFirst Forest, Galaxy Gaming, and OppFi. GreenFirst Forest Products Inc. manufactures and markets forest products in Canada, and the United States More
GreenFirst Forest 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 GreenFirst Forest'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 GreenFirst Forest Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.51 | |||
| Information Ratio | 0.1483 | |||
| Maximum Drawdown | 33.48 | |||
| Value At Risk | (6.69) | |||
| Potential Upside | 9.66 |
GreenFirst Forest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GreenFirst Forest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GreenFirst Forest's standard deviation. In reality, there are many statistical measures that can use GreenFirst Forest historical prices to predict the future GreenFirst Forest's volatility.| Risk Adjusted Performance | 0.1407 | |||
| Jensen Alpha | 1.01 | |||
| Total Risk Alpha | 0.0229 | |||
| Sortino Ratio | 0.1845 | |||
| Treynor Ratio | (2.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GreenFirst Forest's 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.
GreenFirst Forest Backtested Returns
GreenFirst Forest appears to be very risky, given 3 months investment horizon. GreenFirst Forest holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating GreenFirst Forest's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please utilize GreenFirst Forest's Risk Adjusted Performance of 0.1407, downside deviation of 4.51, and Market Risk Adjusted Performance of (2.37) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GreenFirst Forest holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning GreenFirst Forest are expected to decrease at a much lower rate. During the bear market, GreenFirst Forest is likely to outperform the market. Please check GreenFirst Forest's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether GreenFirst Forest's current trending patterns will revert.
Auto-correlation | -0.95 |
Near perfect reversele predictability
GreenFirst Forest Products has near perfect reversele predictability. Overlapping area represents the amount of predictability between GreenFirst Forest time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 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 GreenFirst Forest price movement. The serial correlation of -0.95 indicates that approximately 95.0% of current GreenFirst Forest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.95 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
GreenFirst Forest lagged returns against current returns
Autocorrelation, which is GreenFirst Forest 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 GreenFirst Forest's pink sheet expected returns. We can calculate the autocorrelation of GreenFirst Forest returns to help us make a trade decision. For example, suppose you find that GreenFirst Forest 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 |
GreenFirst Forest 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 GreenFirst Forest pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GreenFirst Forest pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GreenFirst Forest pink sheet over time.
Current vs Lagged Prices |
| Timeline |
GreenFirst Forest Lagged Returns
When evaluating GreenFirst Forest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GreenFirst Forest pink sheet have on its future price. GreenFirst Forest 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, GreenFirst Forest autocorrelation shows the relationship between GreenFirst Forest pink sheet current value and its past values and can show if there is a momentum factor associated with investing in GreenFirst Forest Products.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GreenFirst Pink Sheet
GreenFirst Forest financial ratios help investors to determine whether GreenFirst 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 GreenFirst with respect to the benefits of owning GreenFirst Forest security.