Greenlite Ventures Stock Market Value
| GRNL Stock | USD 0.67 0.07 11.67% |
| Symbol | Greenlite |
Greenlite Ventures '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 Greenlite Ventures' pink sheet 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 Greenlite Ventures.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Greenlite Ventures on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Greenlite Ventures or generate 0.0% return on investment in Greenlite Ventures over 90 days. Greenlite Ventures is related to or competes with Huaizhong Health, and Bellatora. Greenlite Ventures Inc. operates as a carbon offsets marketing company More
Greenlite Ventures 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 Greenlite Ventures' pink sheet 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 Greenlite Ventures upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 68.89 | |||
| Value At Risk | (19.83) | |||
| Potential Upside | 11.67 |
Greenlite Ventures Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenlite Ventures' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenlite Ventures' standard deviation. In reality, there are many statistical measures that can use Greenlite Ventures historical prices to predict the future Greenlite Ventures' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (1.02) | |||
| Total Risk Alpha | (2.66) | |||
| Treynor Ratio | (2.70) |
Greenlite Ventures Backtested Returns
Greenlite Ventures 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. Greenlite Ventures exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greenlite Ventures' Risk Adjusted Performance of (0.06), market risk adjusted performance of (2.69), and Standard Deviation of 10.11 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Greenlite Ventures' returns are expected to increase less than the market. However, during the bear market, the loss of holding Greenlite Ventures is expected to be smaller as well. At this point, Greenlite Ventures has a negative expected return of -1.45%. Please make sure to check out Greenlite Ventures' jensen alpha, as well as the relationship between the kurtosis and price action indicator , to decide if Greenlite Ventures performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Greenlite Ventures has insignificant reverse predictability. Overlapping area represents the amount of predictability between Greenlite Ventures time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of December 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 Greenlite Ventures price movement. The serial correlation of -0.17 indicates that over 17.0% of current Greenlite Ventures price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Greenlite Ventures lagged returns against current returns
Autocorrelation, which is Greenlite Ventures pink sheet'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 Greenlite Ventures' pink sheet expected returns. We can calculate the autocorrelation of Greenlite Ventures returns to help us make a trade decision. For example, suppose you find that Greenlite Ventures has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Greenlite Ventures 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 Greenlite Ventures pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenlite Ventures pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenlite Ventures pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Greenlite Ventures Lagged Returns
When evaluating Greenlite Ventures' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenlite Ventures pink sheet have on its future price. Greenlite Ventures 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, Greenlite Ventures autocorrelation shows the relationship between Greenlite Ventures pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Greenlite Ventures.
Regressed Prices |
| Timeline |
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Greenlite Ventures financial ratios help investors to determine whether Greenlite Pink Sheet 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 Greenlite with respect to the benefits of owning Greenlite Ventures security.