Growlife Stock Market Value
| PHOT Stock | USD 0.0001 0.00 0.00% |
| Symbol | Growlife |
Growlife '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 Growlife's 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 Growlife.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Growlife on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Growlife or generate 0.0% return on investment in Growlife over 60 days. Growlife is related to or competes with Element Solutions, Orion Engineered, Minerals Technologies, Ingevity Corp, Hawkins, Crown Electrokinetics, and Core Molding. GrowLife, Inc. operates in the plant cultivation equipment supply and consulting business More
Growlife 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 Growlife's 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 Growlife upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1591 | |||
| Maximum Drawdown | 992.0 | |||
| Value At Risk | (66.67) | |||
| Potential Upside | 50.0 |
Growlife Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Growlife's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Growlife's standard deviation. In reality, there are many statistical measures that can use Growlife historical prices to predict the future Growlife's volatility.| Risk Adjusted Performance | 0.1323 | |||
| Jensen Alpha | 20.5 | |||
| Total Risk Alpha | 0.6058 | |||
| Treynor Ratio | (10.47) |
Growlife Backtested Returns
Growlife is out of control given 3 months investment horizon. Growlife holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We were able to break down and interpolate data for eighteen different technical indicators, which can help you to evaluate if expected returns of 6.46% are justified by taking the suggested risk. Use Growlife Risk Adjusted Performance of 0.1323, market risk adjusted performance of (10.46), and Standard Deviation of 126.7 to evaluate company specific risk that cannot be diversified away. Growlife holds a performance score of 7 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -1.94, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Growlife are expected to decrease by larger amounts. On the other hand, during market turmoil, Growlife is expected to outperform it. Use Growlife jensen alpha and rate of daily change , to analyze future returns on Growlife.
Auto-correlation | 0.05 |
Virtually no predictability
Growlife has virtually no predictability. Overlapping area represents the amount of predictability between Growlife time series from 27th of September 2024 to 27th of October 2024 and 27th 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 Growlife price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Growlife price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Growlife lagged returns against current returns
Autocorrelation, which is Growlife 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 Growlife's pink sheet expected returns. We can calculate the autocorrelation of Growlife returns to help us make a trade decision. For example, suppose you find that Growlife 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 |
Growlife 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 Growlife pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Growlife pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Growlife pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Growlife Lagged Returns
When evaluating Growlife's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Growlife pink sheet have on its future price. Growlife 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, Growlife autocorrelation shows the relationship between Growlife pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Growlife.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Growlife Pink Sheet Analysis
When running Growlife's price analysis, check to measure Growlife'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 Growlife is operating at the current time. Most of Growlife's value examination focuses on studying past and present price action to predict the probability of Growlife's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Growlife's price. Additionally, you may evaluate how the addition of Growlife to your portfolios can decrease your overall portfolio volatility.