Greenlane Renewables Stock Probability of Future Stock Price Finishing Over 0.0756
| GRN Stock | CAD 0.10 0.01 5.26% |
Greenlane |
Greenlane Renewables Target Price Odds to finish over 0.0756
The tendency of Greenlane 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 stay above C$ 0.08 in 90 days |
| 0.10 | 90 days | 0.08 | about 52.18 |
Based on a normal probability distribution, the odds of Greenlane Renewables to stay above C$ 0.08 in 90 days from now is about 52.18 (This Greenlane Renewables probability density function shows the probability of Greenlane Stock to fall within a particular range of prices over 90 days) . Probability of Greenlane Renewables price to stay between C$ 0.08 and its current price of C$0.1 at the end of the 90-day period is about 42.13 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.99 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Greenlane Renewables will likely underperform. Additionally Greenlane Renewables has an alpha of 0.4197, implying that it can generate a 0.42 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Greenlane Renewables Price Density |
| Price |
Predictive Modules for Greenlane Renewables
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Greenlane Renewables. 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.Greenlane Renewables Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Greenlane Renewables is not an exception. The market had few large corrections towards the Greenlane Renewables' 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 Greenlane Renewables, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Greenlane Renewables within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.42 | |
β | Beta against Dow Jones | 1.99 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.06 |
Greenlane Renewables 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 Greenlane Renewables for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Greenlane Renewables can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Greenlane Renewables is way too risky over 90 days horizon | |
| Greenlane Renewables has some characteristics of a very speculative penny stock | |
| Greenlane Renewables appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 57.82 M. Net Loss for the year was (29.58 M) with profit before overhead, payroll, taxes, and interest of 16.81 M. | |
| Greenlane Renewables has accumulated about 21.38 M in cash with (9.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.15, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Greenlane Renewables Inc. Soars 71 percent But Its A Story Of Risk Vs Reward - Simply Wall St |
Greenlane Renewables 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 Greenlane Stock often depends not only on the future outlook of the current and potential Greenlane Renewables' 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. Greenlane Renewables' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 153.1 M | |
| Cash And Short Term Investments | 13.4 M |
Greenlane Renewables Technical Analysis
Greenlane Renewables' future price can be derived by breaking down and analyzing its technical indicators over time. Greenlane Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Greenlane Renewables. In general, you should focus on analyzing Greenlane Stock price patterns and their correlations with different microeconomic environments and drivers.
Greenlane Renewables Predictive Forecast Models
Greenlane Renewables' time-series forecasting models is one of many Greenlane Renewables' 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 Greenlane Renewables' 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 Greenlane Renewables
Checking the ongoing alerts about Greenlane Renewables for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Greenlane Renewables help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Greenlane Renewables is way too risky over 90 days horizon | |
| Greenlane Renewables has some characteristics of a very speculative penny stock | |
| Greenlane Renewables appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 57.82 M. Net Loss for the year was (29.58 M) with profit before overhead, payroll, taxes, and interest of 16.81 M. | |
| Greenlane Renewables has accumulated about 21.38 M in cash with (9.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.15, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: Greenlane Renewables Inc. Soars 71 percent But Its A Story Of Risk Vs Reward - Simply Wall St |
Other Information on Investing in Greenlane Stock
Greenlane Renewables financial ratios help investors to determine whether Greenlane 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 Greenlane with respect to the benefits of owning Greenlane Renewables security.