GREEN MINERALS's market value is the price at which a share of GREEN MINERALS trades on a public exchange. It measures the collective expectations of GREEN MINERALS NK investors about its performance. GREEN MINERALS is trading at 0.28 as of the 7th of January 2025. This is a 3.70% up since the beginning of the trading day. The stock's lowest day price was 0.28. With this module, you can estimate the performance of a buy and hold strategy of GREEN MINERALS NK and determine expected loss or profit from investing in GREEN MINERALS over a given investment horizon. Check out GREEN MINERALS Correlation, GREEN MINERALS Volatility and GREEN MINERALS Alpha and Beta module to complement your research on GREEN MINERALS.
Please note, there is a significant difference between GREEN MINERALS's value and its price as these two are different measures arrived at by different means. Investors typically determine if GREEN MINERALS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GREEN MINERALS'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.
GREEN MINERALS '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 GREEN MINERALS'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 GREEN MINERALS.
0.00
12/08/2024
No Change 0.00
0.0
In 31 days
01/07/2025
0.00
If you would invest 0.00 in GREEN MINERALS on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding GREEN MINERALS NK or generate 0.0% return on investment in GREEN MINERALS over 30 days. GREEN MINERALS is related to or competes with Boston Beer, Lifeway Foods, GWILLI FOOD, Thai Beverage, BOSTON BEER, MOLSON COORS, and THAI BEVERAGE. Green Minerals AS, a development stage company, engages in the deep sea mining of metals, marine minerals, and rare eart... More
GREEN MINERALS 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 GREEN MINERALS'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 GREEN MINERALS NK upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for GREEN MINERALS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GREEN MINERALS's standard deviation. In reality, there are many statistical measures that can use GREEN MINERALS historical prices to predict the future GREEN MINERALS's volatility.
GREEN MINERALS NK holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of return volatility over the last 3 months. GREEN MINERALS NK exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GREEN MINERALS's Coefficient Of Variation of (1,154), risk adjusted performance of (0.06), and Market Risk Adjusted Performance of 11.61 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0594, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GREEN MINERALS are expected to decrease at a much lower rate. During the bear market, GREEN MINERALS is likely to outperform the market. At this point, GREEN MINERALS NK has a negative expected return of -0.93%. Please make sure to check out GREEN MINERALS's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if GREEN MINERALS NK performance from the past will be repeated in the future.
Auto-correlation
-0.21
Weak reverse predictability
GREEN MINERALS NK has weak reverse predictability. Overlapping area represents the amount of predictability between GREEN MINERALS time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GREEN MINERALS NK price movement. The serial correlation of -0.21 indicates that over 21.0% of current GREEN MINERALS price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.21
Spearman Rank Test
-0.11
Residual Average
0.0
Price Variance
0.0
GREEN MINERALS NK lagged returns against current returns
Autocorrelation, which is GREEN MINERALS 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 GREEN MINERALS's stock expected returns. We can calculate the autocorrelation of GREEN MINERALS returns to help us make a trade decision. For example, suppose you find that GREEN MINERALS 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
Timeline
GREEN MINERALS 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 GREEN MINERALS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GREEN MINERALS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GREEN MINERALS stock over time.
Current vs Lagged Prices
Timeline
GREEN MINERALS Lagged Returns
When evaluating GREEN MINERALS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GREEN MINERALS stock have on its future price. GREEN MINERALS 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, GREEN MINERALS autocorrelation shows the relationship between GREEN MINERALS stock current value and its past values and can show if there is a momentum factor associated with investing in GREEN MINERALS NK.
GREEN MINERALS financial ratios help investors to determine whether GREEN 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 GREEN with respect to the benefits of owning GREEN MINERALS security.