Green Minerals (Norway) Market Value
| GEM Stock | NOK 6.48 0.02 0.31% |
| Symbol | Green |
Green Minerals '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 Minerals' 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 Minerals.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Green Minerals on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Green Minerals AS or generate 0.0% return on investment in Green Minerals over 30 days. Green Minerals is related to or competes with Nordic Technology, Odfjell Technology, Sparebank, and Melhus Sparebank. Green Minerals AS, a development stage company, engages in the deep sea mining of metals, marine minerals, and rare eart... More
Green Minerals 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 Minerals' 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 Minerals AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 13.19 | |||
| Value At Risk | (6.19) | |||
| Potential Upside | 5.59 |
Green Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Green Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Green Minerals' standard deviation. In reality, there are many statistical measures that can use Green Minerals historical prices to predict the future Green Minerals' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 1.48 |
Green Minerals AS Backtested Returns
Green Minerals AS holds Efficiency (Sharpe) Ratio of -0.0512, which attests that the entity had a -0.0512% return per unit of risk over the last 3 months. Green Minerals AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Green Minerals' Market Risk Adjusted Performance of 1.49, standard deviation of 3.37, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. 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 Green Minerals are expected to decrease at a much lower rate. During the bear market, Green Minerals is likely to outperform the market. At this point, Green Minerals AS has a negative expected return of -0.17%. Please make sure to check out Green Minerals' skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Green Minerals AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Green Minerals AS has insignificant predictability. Overlapping area represents the amount of predictability between Green Minerals time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Green Minerals AS price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Green Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Green Minerals AS lagged returns against current returns
Autocorrelation, which is Green Minerals 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 Minerals' stock expected returns. We can calculate the autocorrelation of Green Minerals returns to help us make a trade decision. For example, suppose you find that Green Minerals 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 |
Green Minerals 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 Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Green Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Green Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Green Minerals Lagged Returns
When evaluating Green Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Green Minerals stock have on its future price. Green Minerals 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 Minerals autocorrelation shows the relationship between Green Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Green Minerals AS.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Green Stock
Green Minerals financial ratios help investors to determine whether Green 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 Minerals security.