GreenX Metals (Poland) Market Value
| GRX Stock | 1.76 0.01 0.57% |
| Symbol | GreenX |
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.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in GreenX Metals on December 3, 2022 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 720 days. GreenX Metals is related to or competes with Echo Investment, MW Trade, PMPG Polskie, and X Trade. 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.
| Downside Deviation | 3.57 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 35.53 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 4.98 |
GreenX Metals Market Risk Indicators
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.| Risk Adjusted Performance | 0.0131 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.57) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0764 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GreenX Metals' 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.
GreenX Metals Backtested Returns
GreenX Metals holds Efficiency (Sharpe) Ratio of -0.0021, which attests that the entity had a -0.0021% return per unit of risk over the last 3 months. GreenX Metals exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GreenX Metals' Market Risk Adjusted Performance of 0.0864, risk adjusted performance of 0.0131, and Downside Deviation of 3.57 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GreenX Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding GreenX Metals is expected to be smaller as well. At this point, GreenX Metals has a negative expected return of -0.0094%. Please make sure to check out GreenX Metals' value at risk, and the relationship between the jensen alpha and skewness , to decide if GreenX Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.41 |
Modest reverse predictability
GreenX Metals has modest reverse predictability. Overlapping area represents the amount of predictability between GreenX Metals time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 GreenX Metals price movement. The serial correlation of -0.41 indicates that just about 41.0% of current GreenX Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
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 |
Pair Trading with GreenX Metals
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 GreenX Metals 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 GreenX Metals will appreciate offsetting losses from the drop in the long position's value.Moving together with GreenX Stock
| 0.71 | JSW | Jastrzebska Spotka Earnings Call This Week | PairCorr |
Moving against GreenX Stock
The ability to find closely correlated positions to GreenX Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GreenX Metals 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 GreenX Metals - 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 GreenX Metals to buy it.
The correlation of GreenX Metals 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 GreenX Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GreenX Metals 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 GreenX Metals 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 GreenX Stock Analysis
When running GreenX Metals' price analysis, check to measure GreenX Metals' 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 GreenX Metals is operating at the current time. Most of GreenX Metals' value examination focuses on studying past and present price action to predict the probability of GreenX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GreenX Metals' price. Additionally, you may evaluate how the addition of GreenX Metals to your portfolios can decrease your overall portfolio volatility.