Greenfire Days Of Inventory On Hand from 2010 to 2025

GFR Stock   5.52  0.08  1.43%   
Greenfire Resources Days Of Inventory On Hand yearly trend continues to be relatively stable with very little volatility. Days Of Inventory On Hand is likely to drop to 9.73. During the period from 2010 to 2025, Greenfire Resources Days Of Inventory On Hand destribution of quarterly values had range of 37.8734 from its regression line and mean deviation of  13.64. View All Fundamentals
 
Days Of Inventory On Hand  
First Reported
2010-12-31
Previous Quarter
10.23979172
Current Value
9.73
Quarterly Volatility
16.28480707
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Greenfire Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Greenfire Resources' main balance sheet or income statement drivers, such as Depreciation And Amortization of 57.8 M, Selling General Administrative of 12.9 M or Other Operating Expenses of 467.9 M, as well as many indicators such as Price To Sales Ratio of 1.14, Dividend Yield of 0.14 or PTB Ratio of 0.93. Greenfire financial statements analysis is a perfect complement when working with Greenfire Resources Valuation or Volatility modules.
  
Check out the analysis of Greenfire Resources Correlation against competitors.
To learn how to invest in Greenfire Stock, please use our How to Invest in Greenfire Resources guide.

Latest Greenfire Resources' Days Of Inventory On Hand Growth Pattern

Below is the plot of the Days Of Inventory On Hand of Greenfire Resources over the last few years. It is Greenfire Resources' Days Of Inventory On Hand historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Greenfire Resources' overall financial position and show how it may be relating to other accounts over time.
Days Of Inventory On Hand10 Years Trend
Slightly volatile
   Days Of Inventory On Hand   
       Timeline  

Greenfire Days Of Inventory On Hand Regression Statistics

Arithmetic Mean38.51
Geometric Mean33.11
Coefficient Of Variation42.29
Mean Deviation13.64
Median47.60
Standard Deviation16.28
Sample Variance265.19
Range37.8734
R-Value(0.76)
Mean Square Error122.15
R-Squared0.57
Significance0.0007
Slope(2.58)
Total Sum of Squares3,978

Greenfire Days Of Inventory On Hand History

2025 9.73
2024 10.24
2023 12.76
2022 12.14

About Greenfire Resources Financial Statements

Greenfire Resources shareholders use historical fundamental indicators, such as Days Of Inventory On Hand, to determine how well the company is positioned to perform in the future. Although Greenfire Resources investors may analyze each financial statement separately, they are all interrelated. The changes in Greenfire Resources' assets and liabilities, for example, are also reflected in the revenues and expenses on on Greenfire Resources' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 10.24  9.73 

Pair Trading with Greenfire Resources

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 Greenfire Resources 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 Greenfire Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Greenfire Stock

  0.76PR Permian ResourcesPairCorr

Moving against Greenfire Stock

  0.63EPSN Epsilon EnergyPairCorr
  0.41BSM Black Stone MineralsPairCorr
The ability to find closely correlated positions to Greenfire Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greenfire Resources 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 Greenfire Resources - 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 Greenfire Resources to buy it.
The correlation of Greenfire Resources 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 Greenfire Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenfire Resources 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 Greenfire Resources 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.
Pair CorrelationCorrelation Matching

Additional Tools for Greenfire Stock Analysis

When running Greenfire Resources' price analysis, check to measure Greenfire Resources' 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 Greenfire Resources is operating at the current time. Most of Greenfire Resources' value examination focuses on studying past and present price action to predict the probability of Greenfire Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greenfire Resources' price. Additionally, you may evaluate how the addition of Greenfire Resources to your portfolios can decrease your overall portfolio volatility.