Greenland Hong (Germany) Market Value
| QFRA Stock | EUR 0.03 0 7.69% |
| Symbol | Greenland |
Greenland Hong '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 Greenland Hong'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 Greenland Hong.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Greenland Hong on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding Greenland Hong Kong or generate 0.0% return on investment in Greenland Hong over 570 days. Greenland Hong is related to or competes with GREENX METALS, PICKN PAY, TRADEGATE, Perseus Mining, Lion One, Trade Desk, and Tradeweb Markets. More
Greenland Hong 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 Greenland Hong'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 Greenland Hong Kong upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.38 | |||
| Information Ratio | 0.1495 | |||
| Maximum Drawdown | 239.99 | |||
| Value At Risk | (23.17) | |||
| Potential Upside | 31.25 |
Greenland Hong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenland Hong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenland Hong's standard deviation. In reality, there are many statistical measures that can use Greenland Hong historical prices to predict the future Greenland Hong's volatility.| Risk Adjusted Performance | 0.121 | |||
| Jensen Alpha | 4.65 | |||
| Total Risk Alpha | 0.3946 | |||
| Sortino Ratio | 0.3762 | |||
| Treynor Ratio | 4.6 |
Greenland Hong Kong Backtested Returns
Greenland Hong is out of control given 3 months investment horizon. Greenland Hong Kong 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. We were able to interpolate data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 4.92% are justified by taking the suggested risk. Use Greenland Hong Kong Risk Adjusted Performance of 0.121, market risk adjusted performance of 4.61, and Downside Deviation of 12.38 to evaluate company specific risk that cannot be diversified away. Greenland Hong holds a performance score of 12 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.03, which attests to a somewhat significant risk relative to the market. Greenland Hong returns are very sensitive to returns on the market. As the market goes up or down, Greenland Hong is expected to follow. Use Greenland Hong Kong downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Greenland Hong Kong.
Auto-correlation | -0.07 |
Very weak reverse predictability
Greenland Hong Kong has very weak reverse predictability. Overlapping area represents the amount of predictability between Greenland Hong time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 to 13th 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 Greenland Hong Kong price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Greenland Hong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Greenland Hong Kong lagged returns against current returns
Autocorrelation, which is Greenland Hong 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 Greenland Hong's stock expected returns. We can calculate the autocorrelation of Greenland Hong returns to help us make a trade decision. For example, suppose you find that Greenland Hong 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 |
Greenland Hong 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 Greenland Hong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenland Hong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenland Hong stock over time.
Current vs Lagged Prices |
| Timeline |
Greenland Hong Lagged Returns
When evaluating Greenland Hong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenland Hong stock have on its future price. Greenland Hong 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, Greenland Hong autocorrelation shows the relationship between Greenland Hong stock current value and its past values and can show if there is a momentum factor associated with investing in Greenland Hong Kong.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Greenland Stock
Greenland Hong financial ratios help investors to determine whether Greenland 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 Greenland with respect to the benefits of owning Greenland Hong security.