Greenidge Generation Holdings Stock Market Value
| GREEL Stock | USD 10.23 0.45 4.21% |
| Symbol | Greenidge |
Greenidge Generation Price To Book Ratio
Is Application Software 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.
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.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Greenidge Generation on September 27, 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 60 days. Greenidge Generation is related to or competes with BioAffinity Technologies, and Angus Gold. Greenidge Generation is entity of United States 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 | 2.36 | |||
| Information Ratio | 0.0923 | |||
| Maximum Drawdown | 10.48 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 5.36 |
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 | 0.1164 | |||
| Jensen Alpha | 0.256 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0989 | |||
| Treynor Ratio | 0.4361 |
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
Greenidge Generation appears to be not too volatile, given 3 months investment horizon. Greenidge Generation holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% 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 utilize Greenidge Generation's Downside Deviation of 2.36, market risk adjusted performance of 0.4461, and Risk Adjusted Performance of 0.1164 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Greenidge Generation holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Greenidge Generation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Greenidge Generation is expected to be smaller as well. Please check Greenidge Generation's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Greenidge Generation's current trending patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Greenidge Generation Holdings has very good predictability. Overlapping area represents the amount of predictability between Greenidge Generation 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 Greenidge Generation price movement. The serial correlation of 0.82 indicates that around 82.0% of current Greenidge Generation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
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 |
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 ArchitectCheck 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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.