Greenlite Ventures Stock Volatility
| GRNL Stock | USD 0.67 0.07 11.67% |
Greenlite Ventures holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of risk over the last 3 months. Greenlite Ventures exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greenlite Ventures' Risk Adjusted Performance of (0.05), standard deviation of 10.19, and Market Risk Adjusted Performance of (3.91) to validate the risk estimate we provide. Key indicators related to Greenlite Ventures' volatility include:
540 Days Market Risk | Chance Of Distress | 540 Days Economic Sensitivity |
Greenlite Ventures Pink Sheet volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Greenlite daily returns, and it is calculated using variance and standard deviation. We also use Greenlite's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Greenlite Ventures volatility.
Greenlite |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Greenlite Ventures at lower prices. For example, an investor can purchase Greenlite stock that has halved in price over a short period. This will lower their average cost per share, thereby improving the overall portfolio performance when market normalizes.
Moving together with Greenlite Pink Sheet
| 0.7 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.83 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.88 | PPERY | Bank Mandiri Persero | PairCorr |
Moving against Greenlite Pink Sheet
| 0.78 | SYM | Symbotic Upward Rally | PairCorr |
| 0.65 | PTAIF | PT Astra International | PairCorr |
| 0.61 | SSNLF | Samsung Electronics | PairCorr |
Greenlite Ventures Market Sensitivity And Downside Risk
Greenlite Ventures' beta coefficient measures the volatility of Greenlite pink sheet compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Greenlite pink sheet's returns against your selected market. In other words, Greenlite Ventures's beta of 0.21 provides an investor with an approximation of how much risk Greenlite Ventures pink sheet can potentially add to one of your existing portfolios. Greenlite Ventures is displaying above-average volatility over the selected time horizon. Greenlite Ventures is a potential penny stock. Although Greenlite Ventures may be in fact a good instrument to invest, many penny pink sheets are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Greenlite Ventures. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Greenlite instrument if you perfectly time your entry and exit. However, remember that penny pink sheets that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Greenlite Ventures Demand TrendCheck current 90 days Greenlite Ventures correlation with market (Dow Jones Industrial)Greenlite Beta |
Greenlite standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 9.49 |
It is essential to understand the difference between upside risk (as represented by Greenlite Ventures's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Greenlite Ventures' daily returns or price. Since the actual investment returns on holding a position in greenlite pink sheet tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Greenlite Ventures.
Greenlite Ventures Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Greenlite Ventures pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Greenlite Ventures' price changes. Investors will then calculate the volatility of Greenlite Ventures' pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Greenlite Ventures' volatility:
Historical Volatility
This type of pink sheet volatility measures Greenlite Ventures' fluctuations based on previous trends. It's commonly used to predict Greenlite Ventures' future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Greenlite Ventures' current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Greenlite Ventures' to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Greenlite Ventures Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Greenlite Ventures Projected Return Density Against Market
Given the investment horizon of 90 days Greenlite Ventures has a beta of 0.2122 . This usually indicates as returns on the market go up, Greenlite Ventures average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Greenlite Ventures will be expected to be much smaller as well.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Greenlite Ventures or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Greenlite Ventures' price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Greenlite pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Greenlite Ventures has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Predicted Return Density |
| Returns |
What Drives a Greenlite Ventures Price Volatility?
Several factors can influence a pink sheet's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Greenlite Ventures Pink Sheet Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Greenlite Ventures is -645.7. The daily returns are distributed with a variance of 90.14 and standard deviation of 9.49. The mean deviation of Greenlite Ventures is currently at 5.81. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α | Alpha over Dow Jones | -0.86 | |
β | Beta against Dow Jones | 0.21 | |
σ | Overall volatility | 9.49 | |
Ir | Information ratio | -0.09 |
Greenlite Ventures Pink Sheet Return Volatility
Greenlite Ventures historical daily return volatility represents how much of Greenlite Ventures pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 9.494% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7444% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Greenlite Ventures Volatility
Volatility is a rate at which the price of Greenlite Ventures or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Greenlite Ventures may increase or decrease. In other words, similar to Greenlite's beta indicator, it measures the risk of Greenlite Ventures and helps estimate the fluctuations that may happen in a short period of time. So if prices of Greenlite Ventures fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.Greenlite Ventures Inc. operates as a carbon offsets marketing company. The company was founded in 2000 and is based in North Las Vegas, Nevada. Greenlite Vntrs is traded on OTC Exchange in the United States.
Greenlite Ventures' stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Greenlite Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Greenlite Ventures' price varies over time.
3 ways to utilize Greenlite Ventures' volatility to invest better
Higher Greenlite Ventures' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Greenlite Ventures stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Greenlite Ventures stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Greenlite Ventures investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Greenlite Ventures' stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Greenlite Ventures' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Greenlite Ventures Investment Opportunity
Greenlite Ventures has a volatility of 9.49 and is 12.82 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Greenlite Ventures is higher than 84 percent of all global equities and portfolios over the last 90 days. You can use Greenlite Ventures to enhance the returns of your portfolios. The pink sheet experiences a very speculative upward sentiment. The trend is possibly hyped up. Check odds of Greenlite Ventures to be traded at $0.8375 in 90 days.Significant diversification
The correlation between Greenlite Ventures and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenlite Ventures and DJI in the same portfolio, assuming nothing else is changed.
Greenlite Ventures Additional Risk Indicators
The analysis of Greenlite Ventures' secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Greenlite Ventures' investment and either accepting that risk or mitigating it. Along with some common measures of Greenlite Ventures pink sheet's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (3.91) | |||
| Mean Deviation | 6.11 | |||
| Coefficient Of Variation | (1,240) | |||
| Standard Deviation | 10.19 | |||
| Variance | 103.82 | |||
| Information Ratio | (0.09) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Greenlite Ventures Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Greenlite Ventures as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Greenlite Ventures' systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Greenlite Ventures' unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Greenlite Ventures.
Other Information on Investing in Greenlite Pink Sheet
Greenlite Ventures financial ratios help investors to determine whether Greenlite Pink Sheet 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 Greenlite with respect to the benefits of owning Greenlite Ventures security.