GreenX Metals' market value is the price at which a share of GreenX Metals trades on a public exchange. It measures the collective expectations of GreenX Metals investors about its performance. GreenX Metals is trading at 35.50 as of the 18th of January 2025, a 1.39% down since the beginning of the trading day. The stock's lowest day price was 35.5. With this module, you can estimate the performance of a buy and hold strategy of GreenX Metals and determine expected loss or profit from investing in GreenX Metals over a given investment horizon. Check out GreenX Metals Correlation, GreenX Metals Volatility and GreenX Metals Alpha and Beta module to complement your research on GreenX Metals.
Please note, there is a significant difference between GreenX Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if GreenX Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GreenX Metals' 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.
GreenX Metals '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 GreenX Metals' 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 GreenX Metals.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in GreenX Metals on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding GreenX Metals or generate 0.0% return on investment in GreenX Metals over 30 days. GreenX Metals is related to or competes with Arrow Electronics, UNIQA Insurance, Costco Wholesale, Norwegian Air, Delta Air, Odfjell Drilling, and Tatton Asset. GreenX Metals is entity of United Kingdom More
GreenX Metals 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 GreenX Metals' 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 GreenX Metals upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for GreenX Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GreenX Metals' standard deviation. In reality, there are many statistical measures that can use GreenX Metals historical prices to predict the future GreenX Metals' volatility.
GreenX Metals holds Efficiency (Sharpe) Ratio of -0.0703, which attests that the entity had a -0.0703% return per unit of risk over the last 3 months. GreenX Metals exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GreenX Metals' Risk Adjusted Performance of (0.05), market risk adjusted performance of 1.57, and Standard Deviation of 2.31 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GreenX Metals are expected to decrease at a much lower rate. During the bear market, GreenX Metals is likely to outperform the market. At this point, GreenX Metals has a negative expected return of -0.15%. Please make sure to check out GreenX Metals' variance, skewness, price action indicator, as well as the relationship between the total risk alpha and rate of daily change , to decide if GreenX Metals performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.2
Insignificant reverse predictability
GreenX Metals has insignificant reverse predictability. Overlapping area represents the amount of predictability between GreenX Metals time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 GreenX Metals price movement. The serial correlation of -0.2 indicates that over 20.0% of current GreenX Metals price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.2
Spearman Rank Test
0.4
Residual Average
0.0
Price Variance
0.44
GreenX Metals lagged returns against current returns
Autocorrelation, which is GreenX Metals 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 GreenX Metals' stock expected returns. We can calculate the autocorrelation of GreenX Metals returns to help us make a trade decision. For example, suppose you find that GreenX Metals 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
GreenX Metals 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 GreenX Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GreenX Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GreenX Metals stock over time.
Current vs Lagged Prices
Timeline
GreenX Metals Lagged Returns
When evaluating GreenX Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GreenX Metals stock have on its future price. GreenX Metals 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, GreenX Metals autocorrelation shows the relationship between GreenX Metals stock current value and its past values and can show if there is a momentum factor associated with investing in GreenX Metals.
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.
GreenX Metals financial ratios help investors to determine whether GreenX Stock 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 GreenX with respect to the benefits of owning GreenX Metals security.