Greenpower Motor Stock Market Value
| GP Stock | USD 0.90 0.06 7.14% |
| Symbol | GreenPower |
GreenPower Motor Price To Book Ratio
Is Construction Machinery & Heavy Transportation Equipment 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 GreenPower. If investors know GreenPower 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 GreenPower listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.85) | Revenue Per Share 0.98 | Quarterly Revenue Growth (0.83) | Return On Assets (0.25) | Return On Equity (1.20) |
The market value of GreenPower Motor is measured differently than its book value, which is the value of GreenPower that is recorded on the company's balance sheet. Investors also form their own opinion of GreenPower's value that differs from its market value or its book value, called intrinsic value, which is GreenPower'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 GreenPower's market value can be influenced by many factors that don't directly affect GreenPower'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 GreenPower's value and its price as these two are different measures arrived at by different means. Investors typically determine if GreenPower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GreenPower'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.
GreenPower '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 GreenPower'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 GreenPower.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in GreenPower on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding GreenPower Motor or generate 0.0% return on investment in GreenPower over 60 days. GreenPower is related to or competes with Lion Electric, Xos, Hydrofarm Holdings, AGCO, and Deere. GreenPower Motor Company Inc. designs, manufactures, and distributes electric vehicles for commercial markets in the Uni... More
GreenPower 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 GreenPower'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 GreenPower Motor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.42 | |||
| Information Ratio | 0.0066 | |||
| Maximum Drawdown | 41.85 | |||
| Value At Risk | (11.18) | |||
| Potential Upside | 19.19 |
GreenPower Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GreenPower's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GreenPower's standard deviation. In reality, there are many statistical measures that can use GreenPower historical prices to predict the future GreenPower's volatility.| Risk Adjusted Performance | 0.027 | |||
| Jensen Alpha | 0.1222 | |||
| Total Risk Alpha | (1.05) | |||
| Sortino Ratio | 0.0079 | |||
| Treynor Ratio | 0.4192 |
GreenPower Motor Backtested Returns
GreenPower appears to be dangerous, given 3 months investment horizon. GreenPower Motor holds Efficiency (Sharpe) Ratio of 0.0357, which attests that the entity had a 0.0357% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for GreenPower Motor, which you can use to evaluate the volatility of the firm. Please utilize GreenPower's Downside Deviation of 6.42, risk adjusted performance of 0.027, and Market Risk Adjusted Performance of 0.4292 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GreenPower holds a performance score of 2. The company retains a Market Volatility (i.e., Beta) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, GreenPower's returns are expected to increase less than the market. However, during the bear market, the loss of holding GreenPower is expected to be smaller as well. Please check GreenPower's jensen alpha and the relationship between the value at risk and day median price , to make a quick decision on whether GreenPower's current trending patterns will revert.
Auto-correlation | 0.69 |
Good predictability
GreenPower Motor has good predictability. Overlapping area represents the amount of predictability between GreenPower time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 GreenPower Motor price movement. The serial correlation of 0.69 indicates that around 69.0% of current GreenPower price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
GreenPower Motor lagged returns against current returns
Autocorrelation, which is GreenPower 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 GreenPower's stock expected returns. We can calculate the autocorrelation of GreenPower returns to help us make a trade decision. For example, suppose you find that GreenPower 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 |
GreenPower 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 GreenPower stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GreenPower stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GreenPower stock over time.
Current vs Lagged Prices |
| Timeline |
GreenPower Lagged Returns
When evaluating GreenPower's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GreenPower stock have on its future price. GreenPower 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, GreenPower autocorrelation shows the relationship between GreenPower stock current value and its past values and can show if there is a momentum factor associated with investing in GreenPower Motor.
Regressed Prices |
| Timeline |
Pair Trading with GreenPower
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GreenPower position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GreenPower will appreciate offsetting losses from the drop in the long position's value.Moving against GreenPower Stock
| 0.68 | SHYF | Shyft Group | PairCorr |
| 0.64 | ASTE | Astec Industries | PairCorr |
| 0.55 | OSK | Oshkosh | PairCorr |
| 0.53 | ALG | Alamo Group | PairCorr |
| 0.45 | REVG | Rev Group Fiscal Year End 11th of December 2024 | PairCorr |
The ability to find closely correlated positions to GreenPower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GreenPower when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GreenPower - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GreenPower Motor to buy it.
The correlation of GreenPower is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GreenPower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GreenPower Motor moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GreenPower can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for GreenPower Stock Analysis
When running GreenPower's price analysis, check to measure GreenPower'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 GreenPower is operating at the current time. Most of GreenPower's value examination focuses on studying past and present price action to predict the probability of GreenPower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GreenPower's price. Additionally, you may evaluate how the addition of GreenPower to your portfolios can decrease your overall portfolio volatility.