Green Technology (Australia) Market Value
| GT1 Stock | 0.06 0 4.76% |
| Symbol | Green |
Green Technology '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 Green Technology'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 Green Technology.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Green Technology on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Green Technology Metals or generate 0.0% return on investment in Green Technology over 90 days. Green Technology is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Green Technology is entity of Australia. It is traded as Stock on AU exchange. More
Green Technology 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 Green Technology'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 Green Technology Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 19.87 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 4.55 |
Green Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Green Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Green Technology's standard deviation. In reality, there are many statistical measures that can use Green Technology historical prices to predict the future Green Technology's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (1.07) | |||
| Treynor Ratio | 0.7728 |
Green Technology Metals Backtested Returns
Green Technology Metals holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of risk over the last 3 months. Green Technology Metals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Green Technology's Standard Deviation of 3.43, risk adjusted performance of (0.11), and Market Risk Adjusted Performance of 0.7828 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Green Technology are expected to decrease at a much lower rate. During the bear market, Green Technology is likely to outperform the market. At this point, Green Technology Metals has a negative expected return of -0.58%. Please make sure to check out Green Technology's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Green Technology Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Green Technology Metals has weak reverse predictability. Overlapping area represents the amount of predictability between Green Technology time series from 28th of August 2024 to 12th of October 2024 and 12th 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 Green Technology Metals price movement. The serial correlation of -0.23 indicates that over 23.0% of current Green Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Green Technology Metals lagged returns against current returns
Autocorrelation, which is Green Technology 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 Green Technology's stock expected returns. We can calculate the autocorrelation of Green Technology returns to help us make a trade decision. For example, suppose you find that Green Technology 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 |
Green Technology 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 Green Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Green Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Green Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Green Technology Lagged Returns
When evaluating Green Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Green Technology stock have on its future price. Green Technology 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, Green Technology autocorrelation shows the relationship between Green Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Green Technology Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Green Stock Analysis
When running Green Technology's price analysis, check to measure Green Technology's 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 Green Technology is operating at the current time. Most of Green Technology's value examination focuses on studying past and present price action to predict the probability of Green Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Green Technology's price. Additionally, you may evaluate how the addition of Green Technology to your portfolios can decrease your overall portfolio volatility.