GRENKELEASING (Germany) Market Value
| GLJ Stock | EUR 16.96 0.14 0.83% |
| Symbol | GRENKELEASING |
GRENKELEASING '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 GRENKELEASING'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 GRENKELEASING.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in GRENKELEASING on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding GRENKELEASING Dusseldorf or generate 0.0% return on investment in GRENKELEASING over 30 days. GRENKELEASING is related to or competes with Chesapeake Utilities, Haier Smart, Focus Home, GREENX METALS, and ARDAGH METAL. More
GRENKELEASING 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 GRENKELEASING'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 GRENKELEASING Dusseldorf upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 26.57 | |||
| Value At Risk | (3.56) | |||
| Potential Upside | 3.24 |
GRENKELEASING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GRENKELEASING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GRENKELEASING's standard deviation. In reality, there are many statistical measures that can use GRENKELEASING historical prices to predict the future GRENKELEASING's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 21.34 |
GRENKELEASING Duss Backtested Returns
GRENKELEASING Duss holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of return volatility over the last 3 months. GRENKELEASING Duss exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GRENKELEASING's Market Risk Adjusted Performance of 21.35, risk adjusted performance of (0.11), and Coefficient Of Variation of (661.74) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0253, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GRENKELEASING are expected to decrease at a much lower rate. During the bear market, GRENKELEASING is likely to outperform the market. At this point, GRENKELEASING Duss has a negative expected return of -0.63%. Please make sure to check out GRENKELEASING's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if GRENKELEASING Duss performance from the past will be repeated in the future.
Auto-correlation | -0.91 |
Near perfect reversele predictability
GRENKELEASING Dusseldorf has near perfect reversele predictability. Overlapping area represents the amount of predictability between GRENKELEASING time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GRENKELEASING Duss price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current GRENKELEASING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
GRENKELEASING Duss lagged returns against current returns
Autocorrelation, which is GRENKELEASING 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 GRENKELEASING's stock expected returns. We can calculate the autocorrelation of GRENKELEASING returns to help us make a trade decision. For example, suppose you find that GRENKELEASING 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 |
GRENKELEASING 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 GRENKELEASING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GRENKELEASING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GRENKELEASING stock over time.
Current vs Lagged Prices |
| Timeline |
GRENKELEASING Lagged Returns
When evaluating GRENKELEASING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GRENKELEASING stock have on its future price. GRENKELEASING 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, GRENKELEASING autocorrelation shows the relationship between GRENKELEASING stock current value and its past values and can show if there is a momentum factor associated with investing in GRENKELEASING Dusseldorf.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for GRENKELEASING Stock Analysis
When running GRENKELEASING's price analysis, check to measure GRENKELEASING's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GRENKELEASING is operating at the current time. Most of GRENKELEASING's value examination focuses on studying past and present price action to predict the probability of GRENKELEASING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GRENKELEASING's price. Additionally, you may evaluate how the addition of GRENKELEASING to your portfolios can decrease your overall portfolio volatility.