Greenpower Motor Stock Probability of Future Stock Price Finishing Over 0.8
| GP Stock | USD 0.77 0.03 4.00% |
GreenPower |
GreenPower Target Price Odds to finish over 0.8
The tendency of GreenPower Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 0.80 or more in 90 days |
| 0.77 | 90 days | 0.80 | about 89.44 |
Based on a normal probability distribution, the odds of GreenPower to move over $ 0.80 or more in 90 days from now is about 89.44 (This GreenPower Motor probability density function shows the probability of GreenPower Stock to fall within a particular range of prices over 90 days) . Probability of GreenPower Motor price to stay between its current price of $ 0.77 and $ 0.80 at the end of the 90-day period is roughly 2.11 .
Allowing for the 90-day total investment horizon GreenPower Motor has a beta of -0.38. This usually indicates as returns on the benchmark increase, returns on holding GreenPower are expected to decrease at a much lower rate. During a bear market, however, GreenPower Motor is likely to outperform the market. Additionally GreenPower Motor 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. GreenPower Price Density |
| Price |
Predictive Modules for GreenPower
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GreenPower Motor. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.GreenPower Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. GreenPower is not an exception. The market had few large corrections towards the GreenPower's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold GreenPower Motor, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of GreenPower within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.68 | |
β | Beta against Dow Jones | -0.38 | |
σ | Overall volatility | 0.24 | |
Ir | Information ratio | -0.11 |
GreenPower Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of GreenPower for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for GreenPower Motor can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| GreenPower Motor generated a negative expected return over the last 90 days | |
| GreenPower Motor has high historical volatility and very poor performance | |
| GreenPower Motor has some characteristics of a very speculative penny stock | |
| GreenPower Motor has a very high chance of going through financial distress in the upcoming years | |
| The company generated the yearly revenue of 39.27 M. Annual Net Loss to common stockholders was (18.34 M) with gross profit of 7.25 M. | |
| GreenPower Motor reports about 5.43 M in cash with (1.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.23. | |
| Roughly 22.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: GreenPower Announces New Director Appointment |
GreenPower Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of GreenPower Stock often depends not only on the future outlook of the current and potential GreenPower's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. GreenPower's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 25 M | |
| Cash And Short Term Investments | 1.2 M |
GreenPower Technical Analysis
GreenPower's future price can be derived by breaking down and analyzing its technical indicators over time. GreenPower Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of GreenPower Motor. In general, you should focus on analyzing GreenPower Stock price patterns and their correlations with different microeconomic environments and drivers.
GreenPower Predictive Forecast Models
GreenPower's time-series forecasting models is one of many GreenPower's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary GreenPower's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about GreenPower Motor
Checking the ongoing alerts about GreenPower for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for GreenPower Motor help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| GreenPower Motor generated a negative expected return over the last 90 days | |
| GreenPower Motor has high historical volatility and very poor performance | |
| GreenPower Motor has some characteristics of a very speculative penny stock | |
| GreenPower Motor has a very high chance of going through financial distress in the upcoming years | |
| The company generated the yearly revenue of 39.27 M. Annual Net Loss to common stockholders was (18.34 M) with gross profit of 7.25 M. | |
| GreenPower Motor reports about 5.43 M in cash with (1.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.23. | |
| Roughly 22.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: GreenPower Announces New Director Appointment |
Additional Tools for GreenPower Stock Analysis
When running GreenPower's price analysis, check to measure GreenPower'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 GreenPower is operating at the current time. Most of GreenPower's value examination focuses on studying past and present price action to predict the probability of GreenPower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GreenPower's price. Additionally, you may evaluate how the addition of GreenPower to your portfolios can decrease your overall portfolio volatility.