Green Battery Minerals Stock Market Value
| GBMIF Stock | USD 0.05 0.0004 0.82% |
| Symbol | Green |
Green Battery '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 Green Battery's otc 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 Green Battery.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Green Battery on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Green Battery Minerals or generate 0.0% return on investment in Green Battery over 60 days. Green Battery is related to or competes with IGO, and Adriatic Metals. Green Battery Minerals Inc. engages in the acquisition, exploration, and development of natural resource properties in C... More
Green Battery 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 Green Battery's otc 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 Green Battery Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 58.47 | |||
| Value At Risk | (23.53) | |||
| Potential Upside | 7.69 |
Green Battery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Green Battery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Green Battery's standard deviation. In reality, there are many statistical measures that can use Green Battery historical prices to predict the future Green Battery's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.12) | |||
| Total Risk Alpha | (2.85) | |||
| Treynor Ratio | 2.31 |
Green Battery Minerals Backtested Returns
Green Battery Minerals holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Green Battery Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Green Battery's Market Risk Adjusted Performance of 2.32, standard deviation of 9.99, and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Green Battery are expected to decrease at a much lower rate. During the bear market, Green Battery is likely to outperform the market. At this point, Green Battery Minerals has a negative expected return of -1.11%. Please make sure to check out Green Battery's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Green Battery Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Green Battery Minerals has good predictability. Overlapping area represents the amount of predictability between Green Battery time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd 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 Green Battery Minerals price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Green Battery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Green Battery Minerals lagged returns against current returns
Autocorrelation, which is Green Battery otc 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 Green Battery's otc stock expected returns. We can calculate the autocorrelation of Green Battery returns to help us make a trade decision. For example, suppose you find that Green Battery has exhibited high autocorrelation historically, and you observe that the otc 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 |
Green Battery 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 Green Battery otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Green Battery otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Green Battery otc stock over time.
Current vs Lagged Prices |
| Timeline |
Green Battery Lagged Returns
When evaluating Green Battery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Green Battery otc stock have on its future price. Green Battery 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, Green Battery autocorrelation shows the relationship between Green Battery otc stock current value and its past values and can show if there is a momentum factor associated with investing in Green Battery Minerals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Green OTC Stock
Green Battery financial ratios help investors to determine whether Green OTC 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 Green with respect to the benefits of owning Green Battery security.