Greenchek Technology Stock Market Value
| GCHK Stock | USD 0.0001 0.00 0.00% |
| Symbol | Greenchek |
Greenchek Technology Price To Book Ratio
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Greenchek Technology. If investors know Greenchek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Greenchek Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (4.98) |
The market value of Greenchek Technology is measured differently than its book value, which is the value of Greenchek that is recorded on the company's balance sheet. Investors also form their own opinion of Greenchek Technology's value that differs from its market value or its book value, called intrinsic value, which is Greenchek Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Greenchek Technology's market value can be influenced by many factors that don't directly affect Greenchek Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Greenchek Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenchek Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenchek Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Greenchek Technology '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 Greenchek Technology'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 Greenchek Technology.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Greenchek Technology on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Greenchek Technology or generate 0.0% return on investment in Greenchek Technology over 30 days. GreenChek Technology Inc., a development stage company, focuses on manufacturing, marketing, and distributing hydrogen t... More
Greenchek Technology 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 Greenchek Technology'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 Greenchek Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 50.0 |
Greenchek Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenchek Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenchek Technology's standard deviation. In reality, there are many statistical measures that can use Greenchek Technology historical prices to predict the future Greenchek Technology's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (1.57) | |||
| Treynor Ratio | 1.2 |
Greenchek Technology Backtested Returns
Greenchek Technology holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Greenchek Technology exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greenchek Technology's Risk Adjusted Performance of (0.09), market risk adjusted performance of 1.21, and Standard Deviation of 6.15 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.64, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Greenchek Technology are expected to decrease at a much lower rate. During the bear market, Greenchek Technology is likely to outperform the market. At this point, Greenchek Technology has a negative expected return of -0.79%. Please make sure to check out Greenchek Technology's mean deviation, information ratio, as well as the relationship between the Information Ratio and kurtosis , to decide if Greenchek Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Greenchek Technology has no correlation between past and present. Overlapping area represents the amount of predictability between Greenchek Technology time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Greenchek Technology price movement. The serial correlation of 0.0 indicates that just 0.0% of current Greenchek Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Greenchek Technology lagged returns against current returns
Autocorrelation, which is Greenchek Technology 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 Greenchek Technology's stock expected returns. We can calculate the autocorrelation of Greenchek Technology returns to help us make a trade decision. For example, suppose you find that Greenchek Technology 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 |
Greenchek Technology 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 Greenchek Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenchek Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenchek Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Greenchek Technology Lagged Returns
When evaluating Greenchek Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenchek Technology stock have on its future price. Greenchek Technology 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, Greenchek Technology autocorrelation shows the relationship between Greenchek Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Greenchek Technology.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Greenchek Technology Correlation, Greenchek Technology Volatility and Greenchek Technology Alpha and Beta module to complement your research on Greenchek Technology. For more information on how to buy Greenchek Stock please use our How to buy in Greenchek Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Greenchek Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.