GREENFIRST FORPRODINC (Germany) Market Value
| IMT Stock | 3.74 0.06 1.58% |
| Symbol | GREENFIRST |
Please note, there is a significant difference between GREENFIRST FORPRODINC's value and its price as these two are different measures arrived at by different means. Investors typically determine if GREENFIRST FORPRODINC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GREENFIRST FORPRODINC'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.
GREENFIRST FORPRODINC '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 GREENFIRST FORPRODINC'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 GREENFIRST FORPRODINC.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in GREENFIRST FORPRODINC on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding GREENFIRST FORPRODINC or generate 0.0% return on investment in GREENFIRST FORPRODINC over 720 days. GREENFIRST FORPRODINC is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
GREENFIRST FORPRODINC 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 GREENFIRST FORPRODINC'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 GREENFIRST FORPRODINC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.69 | |||
| Information Ratio | 0.0863 | |||
| Maximum Drawdown | 62.2 | |||
| Value At Risk | (7.86) | |||
| Potential Upside | 11.92 |
GREENFIRST FORPRODINC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GREENFIRST FORPRODINC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GREENFIRST FORPRODINC's standard deviation. In reality, there are many statistical measures that can use GREENFIRST FORPRODINC historical prices to predict the future GREENFIRST FORPRODINC's volatility.| Risk Adjusted Performance | 0.0801 | |||
| Jensen Alpha | 0.946 | |||
| Total Risk Alpha | 0.6128 | |||
| Sortino Ratio | 0.116 | |||
| Treynor Ratio | (0.69) |
GREENFIRST FORPRODINC Backtested Returns
GREENFIRST FORPRODINC appears to be dangerous, given 3 months investment horizon. GREENFIRST FORPRODINC holds Efficiency (Sharpe) Ratio of 0.0386, which attests that the entity had a 0.0386% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for GREENFIRST FORPRODINC, which you can use to evaluate the volatility of the firm. Please utilize GREENFIRST FORPRODINC's Market Risk Adjusted Performance of (0.68), risk adjusted performance of 0.0801, and Semi Deviation of 6.28 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GREENFIRST FORPRODINC holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of -1.34, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GREENFIRST FORPRODINC are expected to decrease by larger amounts. On the other hand, during market turmoil, GREENFIRST FORPRODINC is expected to outperform it. Please check GREENFIRST FORPRODINC's total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether GREENFIRST FORPRODINC's current trending patterns will revert.
Auto-correlation | 0.49 |
Average predictability
GREENFIRST FORPRODINC has average predictability. Overlapping area represents the amount of predictability between GREENFIRST FORPRODINC time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th 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 GREENFIRST FORPRODINC price movement. The serial correlation of 0.49 indicates that about 49.0% of current GREENFIRST FORPRODINC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 1.69 |
GREENFIRST FORPRODINC lagged returns against current returns
Autocorrelation, which is GREENFIRST FORPRODINC 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 GREENFIRST FORPRODINC's stock expected returns. We can calculate the autocorrelation of GREENFIRST FORPRODINC returns to help us make a trade decision. For example, suppose you find that GREENFIRST FORPRODINC 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 |
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GREENFIRST FORPRODINC 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 GREENFIRST FORPRODINC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GREENFIRST FORPRODINC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GREENFIRST FORPRODINC stock over time.
Current vs Lagged Prices |
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GREENFIRST FORPRODINC Lagged Returns
When evaluating GREENFIRST FORPRODINC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GREENFIRST FORPRODINC stock have on its future price. GREENFIRST FORPRODINC 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, GREENFIRST FORPRODINC autocorrelation shows the relationship between GREENFIRST FORPRODINC stock current value and its past values and can show if there is a momentum factor associated with investing in GREENFIRST FORPRODINC.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in GREENFIRST Stock
GREENFIRST FORPRODINC financial ratios help investors to determine whether GREENFIRST 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 GREENFIRST with respect to the benefits of owning GREENFIRST FORPRODINC security.