Greenidge Generation Holdings Stock Market Value
| GREE Stock | USD 2.16 0.04 1.89% |
| Symbol | Greenidge |
Greenidge Generation Price To Book Ratio
Is Asset Management & Custody Banks 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 Greenidge Generation. If investors know Greenidge 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 Greenidge Generation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.17) | Revenue Per Share 8.49 | Quarterly Revenue Growth (0.11) | Return On Assets (0.09) | Return On Equity (13.71) |
The market value of Greenidge Generation is measured differently than its book value, which is the value of Greenidge that is recorded on the company's balance sheet. Investors also form their own opinion of Greenidge Generation's value that differs from its market value or its book value, called intrinsic value, which is Greenidge Generation'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 Greenidge Generation's market value can be influenced by many factors that don't directly affect Greenidge Generation'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 Greenidge Generation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenidge Generation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenidge Generation'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.
Greenidge Generation '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 Greenidge Generation'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 Greenidge Generation.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Greenidge Generation on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Greenidge Generation Holdings or generate 0.0% return on investment in Greenidge Generation over 30 days. Greenidge Generation is related to or competes with Unity Software, Daily Journal, C3 Ai, Blackline, Dynatrace Holdings, DoubleVerify Holdings, and Eventbrite. Greenidge Generation Holdings Inc. operates as an integrated cryptocurrency datacenter and power generation company More
Greenidge Generation 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 Greenidge Generation'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 Greenidge Generation Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.07 | |||
| Information Ratio | 0.0049 | |||
| Maximum Drawdown | 28.52 | |||
| Value At Risk | (9.16) | |||
| Potential Upside | 12.7 |
Greenidge Generation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenidge Generation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenidge Generation's standard deviation. In reality, there are many statistical measures that can use Greenidge Generation historical prices to predict the future Greenidge Generation's volatility.| Risk Adjusted Performance | 0.0254 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.72) | |||
| Sortino Ratio | 0.0053 | |||
| Treynor Ratio | 0.0563 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Greenidge Generation's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Greenidge Generation Backtested Returns
At this point, Greenidge Generation is relatively risky. Greenidge Generation holds Efficiency (Sharpe) Ratio of 0.0278, which attests that the entity had a 0.0278% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Greenidge Generation, which you can use to evaluate the volatility of the firm. Please check out Greenidge Generation's Downside Deviation of 6.07, market risk adjusted performance of 0.0663, and Risk Adjusted Performance of 0.0254 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Greenidge Generation has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 2.33, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Greenidge Generation will likely underperform. Greenidge Generation right now retains a risk of 6.48%. Please check out Greenidge Generation maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Greenidge Generation will be following its current trending patterns.
Auto-correlation | -0.46 |
Modest reverse predictability
Greenidge Generation Holdings has modest reverse predictability. Overlapping area represents the amount of predictability between Greenidge Generation time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Greenidge Generation price movement. The serial correlation of -0.46 indicates that about 46.0% of current Greenidge Generation price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Greenidge Generation lagged returns against current returns
Autocorrelation, which is Greenidge Generation 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 Greenidge Generation's stock expected returns. We can calculate the autocorrelation of Greenidge Generation returns to help us make a trade decision. For example, suppose you find that Greenidge Generation 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 |
Greenidge Generation 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 Greenidge Generation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenidge Generation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenidge Generation stock over time.
Current vs Lagged Prices |
| Timeline |
Greenidge Generation Lagged Returns
When evaluating Greenidge Generation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenidge Generation stock have on its future price. Greenidge Generation 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, Greenidge Generation autocorrelation shows the relationship between Greenidge Generation stock current value and its past values and can show if there is a momentum factor associated with investing in Greenidge Generation Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Greenidge Generation is a strong investment it is important to analyze Greenidge Generation's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Greenidge Generation's future performance. For an informed investment choice regarding Greenidge Stock, refer to the following important reports:Check out Greenidge Generation Correlation, Greenidge Generation Volatility and Greenidge Generation Alpha and Beta module to complement your research on Greenidge Generation. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Greenidge Generation 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.