Greystone Logistics Stock Market Value
| GLGI Stock | USD 0.99 0.01 1.02% |
| Symbol | Greystone |
Greystone Logistics '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 Greystone Logistics' 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 Greystone Logistics.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Greystone Logistics on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Greystone Logistics or generate 0.0% return on investment in Greystone Logistics over 30 days. Greystone Logistics is related to or competes with Amarc Resources, Aftermath Silver, and Aurelia Metals. Greystone Logistics, Inc., through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled pl... More
Greystone Logistics 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 Greystone Logistics' 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 Greystone Logistics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 22.42 | |||
| Value At Risk | (6.78) | |||
| Potential Upside | 5.84 |
Greystone Logistics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greystone Logistics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greystone Logistics' standard deviation. In reality, there are many statistical measures that can use Greystone Logistics historical prices to predict the future Greystone Logistics' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | (0.69) |
Greystone Logistics Backtested Returns
Greystone Logistics 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. Greystone Logistics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greystone Logistics' Standard Deviation of 4.34, risk adjusted performance of (0.06), and Market Risk Adjusted Performance of (0.68) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Greystone Logistics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Greystone Logistics is expected to be smaller as well. At this point, Greystone Logistics has a negative expected return of -0.56%. Please make sure to check out Greystone Logistics' total risk alpha and the relationship between the potential upside and price action indicator , to decide if Greystone Logistics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Greystone Logistics has poor reverse predictability. Overlapping area represents the amount of predictability between Greystone Logistics time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Greystone Logistics price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Greystone Logistics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Greystone Logistics lagged returns against current returns
Autocorrelation, which is Greystone Logistics 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 Greystone Logistics' otc stock expected returns. We can calculate the autocorrelation of Greystone Logistics returns to help us make a trade decision. For example, suppose you find that Greystone Logistics 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 |
Greystone Logistics 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 Greystone Logistics otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greystone Logistics otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greystone Logistics otc stock over time.
Current vs Lagged Prices |
| Timeline |
Greystone Logistics Lagged Returns
When evaluating Greystone Logistics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greystone Logistics otc stock have on its future price. Greystone Logistics 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, Greystone Logistics autocorrelation shows the relationship between Greystone Logistics otc stock current value and its past values and can show if there is a momentum factor associated with investing in Greystone Logistics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Greystone OTC Stock
Greystone Logistics financial ratios help investors to determine whether Greystone 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 Greystone with respect to the benefits of owning Greystone Logistics security.