GreenTech Environmental (China) Market Value
| 688466 Stock | 16.11 0.47 3.01% |
| Symbol | GreenTech |
GreenTech Environmental '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 GreenTech Environmental'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 GreenTech Environmental.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in GreenTech Environmental on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding GreenTech Environmental Co or generate 0.0% return on investment in GreenTech Environmental over 300 days. GreenTech Environmental is related to or competes with Cambricon Technologies, Loongson Technology, Chongqing Road, Shenzhen Fortune, Wuhan Xianglong, Hainan Shuangcheng, and Empyrean Technology. GreenTech Environmental is entity of China More
GreenTech Environmental 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 GreenTech Environmental'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 GreenTech Environmental Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.09 | |||
| Information Ratio | 0.1216 | |||
| Maximum Drawdown | 26.28 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 5.27 |
GreenTech Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GreenTech Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GreenTech Environmental's standard deviation. In reality, there are many statistical measures that can use GreenTech Environmental historical prices to predict the future GreenTech Environmental's volatility.| Risk Adjusted Performance | 0.1256 | |||
| Jensen Alpha | 0.6204 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1575 | |||
| Treynor Ratio | (4.92) |
GreenTech Environmental Backtested Returns
GreenTech Environmental appears to be somewhat reliable, given 3 months investment horizon. GreenTech Environmental holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. By evaluating GreenTech Environmental's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please utilize GreenTech Environmental's Risk Adjusted Performance of 0.1256, downside deviation of 3.09, and Market Risk Adjusted Performance of (4.91) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GreenTech Environmental holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GreenTech Environmental are expected to decrease at a much lower rate. During the bear market, GreenTech Environmental is likely to outperform the market. Please check GreenTech Environmental's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether GreenTech Environmental's current trending patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
GreenTech Environmental Co has poor reverse predictability. Overlapping area represents the amount of predictability between GreenTech Environmental time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th of November 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 GreenTech Environmental price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current GreenTech Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.83 |
GreenTech Environmental lagged returns against current returns
Autocorrelation, which is GreenTech Environmental 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 GreenTech Environmental's stock expected returns. We can calculate the autocorrelation of GreenTech Environmental returns to help us make a trade decision. For example, suppose you find that GreenTech Environmental 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 |
GreenTech Environmental 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 GreenTech Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GreenTech Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GreenTech Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
GreenTech Environmental Lagged Returns
When evaluating GreenTech Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GreenTech Environmental stock have on its future price. GreenTech Environmental 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, GreenTech Environmental autocorrelation shows the relationship between GreenTech Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in GreenTech Environmental Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GreenTech Stock
GreenTech Environmental financial ratios help investors to determine whether GreenTech 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 GreenTech with respect to the benefits of owning GreenTech Environmental security.