Greenlite Ventures Stock Probability of Future Pink Sheet Price Finishing Under 0.67
| GRNL Stock | USD 0.67 0.07 11.67% |
Greenlite |
Greenlite Ventures Target Price Odds to finish below 0.67
The tendency of Greenlite Pink Sheet 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 below current price in 90 days |
| 0.67 | 90 days | 0.67 | about 6.35 |
Based on a normal probability distribution, the odds of Greenlite Ventures to move below current price in 90 days from now is about 6.35 (This Greenlite Ventures probability density function shows the probability of Greenlite Pink Sheet to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Greenlite Ventures has a beta of 0.36. This usually indicates as returns on the market go up, Greenlite Ventures average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Greenlite Ventures will be expected to be much smaller as well. Additionally Greenlite Ventures has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Greenlite Ventures Price Density |
| Price |
Predictive Modules for Greenlite Ventures
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Greenlite Ventures. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Greenlite Ventures Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Greenlite Ventures is not an exception. The market had few large corrections towards the Greenlite Ventures' 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 Greenlite Ventures, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Greenlite Ventures within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.02 | |
β | Beta against Dow Jones | 0.36 | |
σ | Overall volatility | 0.61 | |
Ir | Information ratio | -0.11 |
Greenlite Ventures 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 Greenlite Ventures for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Greenlite Ventures can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Greenlite Ventures generated a negative expected return over the last 90 days | |
| Greenlite Ventures has high historical volatility and very poor performance | |
| Greenlite Ventures has some characteristics of a very speculative penny stock | |
| Greenlite Ventures has a very high chance of going through financial distress in the upcoming years | |
| The company has a current ratio of 0.07, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Greenlite Ventures until it has trouble settling it off, either with new capital or with free cash flow. So, Greenlite Ventures' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Greenlite Ventures sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Greenlite to invest in growth at high rates of return. When we think about Greenlite Ventures' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (199.79 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Greenlite Ventures currently holds about 19.51 K in cash with (41.33 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Greenlite Ventures Technical Analysis
Greenlite Ventures' future price can be derived by breaking down and analyzing its technical indicators over time. Greenlite Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Greenlite Ventures. In general, you should focus on analyzing Greenlite Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Greenlite Ventures Predictive Forecast Models
Greenlite Ventures' time-series forecasting models is one of many Greenlite Ventures' pink sheet 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 Greenlite Ventures' 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Greenlite Ventures
Checking the ongoing alerts about Greenlite Ventures for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Greenlite Ventures help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Greenlite Ventures generated a negative expected return over the last 90 days | |
| Greenlite Ventures has high historical volatility and very poor performance | |
| Greenlite Ventures has some characteristics of a very speculative penny stock | |
| Greenlite Ventures has a very high chance of going through financial distress in the upcoming years | |
| The company has a current ratio of 0.07, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Greenlite Ventures until it has trouble settling it off, either with new capital or with free cash flow. So, Greenlite Ventures' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Greenlite Ventures sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Greenlite to invest in growth at high rates of return. When we think about Greenlite Ventures' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (199.79 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Greenlite Ventures currently holds about 19.51 K in cash with (41.33 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Other Information on Investing in Greenlite Pink Sheet
Greenlite Ventures financial ratios help investors to determine whether Greenlite 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 Greenlite with respect to the benefits of owning Greenlite Ventures security.