Greencity Acquisition Corp Probability of Future Stock Price Finishing Over 11.05
| GRCYDelisted Stock | USD 11.05 0.00 0.00% |
Greencity |
Greencity Acquisition Target Price Odds to finish over 11.05
The tendency of Greencity Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 11.05 | 90 days | 11.05 | about 76.25 |
Based on a normal probability distribution, the odds of Greencity Acquisition to move above the current price in 90 days from now is about 76.25 (This Greencity Acquisition Corp probability density function shows the probability of Greencity Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Greencity Acquisition Corp has a beta of -0.0976. This usually indicates as returns on the benchmark increase, returns on holding Greencity Acquisition are expected to decrease at a much lower rate. During a bear market, however, Greencity Acquisition Corp is likely to outperform the market. Additionally Greencity Acquisition Corp has an alpha of 0.0024, implying that it can generate a 0.002419 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Greencity Acquisition Price Density |
| Price |
Predictive Modules for Greencity Acquisition
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Greencity Acquisition. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Greencity Acquisition'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.
Greencity Acquisition Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Greencity Acquisition is not an exception. The market had few large corrections towards the Greencity Acquisition's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Greencity Acquisition Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Greencity Acquisition within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | -0.1 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | -0.11 |
Greencity Acquisition Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Greencity Acquisition for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Greencity Acquisition can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Greencity Acquisition is not yet fully synchronised with the market data | |
| Greencity Acquisition has a very high chance of going through financial distress in the upcoming years | |
| Greencity Acquisition Corp currently holds about 7.74 K in cash with (406.55 K) of positive cash flow from operations. | |
| Roughly 96.0% of the company shares are held by company insiders |
Greencity Acquisition Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Greencity Stock often depends not only on the future outlook of the current and potential Greencity Acquisition's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Greencity Acquisition's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.3 M | |
| Cash And Short Term Investments | 6918.00 |
Greencity Acquisition Technical Analysis
Greencity Acquisition's future price can be derived by breaking down and analyzing its technical indicators over time. Greencity Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Greencity Acquisition Corp. In general, you should focus on analyzing Greencity Stock price patterns and their correlations with different microeconomic environments and drivers.
Greencity Acquisition Predictive Forecast Models
Greencity Acquisition's time-series forecasting models is one of many Greencity Acquisition's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Greencity Acquisition's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Greencity Acquisition
Checking the ongoing alerts about Greencity Acquisition for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Greencity Acquisition help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Greencity Acquisition is not yet fully synchronised with the market data | |
| Greencity Acquisition has a very high chance of going through financial distress in the upcoming years | |
| Greencity Acquisition Corp currently holds about 7.74 K in cash with (406.55 K) of positive cash flow from operations. | |
| Roughly 96.0% of the company shares are held by company insiders |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Other Consideration for investing in Greencity Stock
If you are still planning to invest in Greencity Acquisition check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Greencity Acquisition's history and understand the potential risks before investing.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |