GREENLIGHT CAPRE (Germany) Market Value
| G8L Stock | EUR 13.60 0.20 1.49% |
| Symbol | GREENLIGHT |
Please note, there is a significant difference between GREENLIGHT CAPRE's value and its price as these two are different measures arrived at by different means. Investors typically determine if GREENLIGHT CAPRE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GREENLIGHT CAPRE'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.
GREENLIGHT CAPRE '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 GREENLIGHT CAPRE'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 GREENLIGHT CAPRE.
| 06/02/2023 |
| 01/22/2025 |
If you would invest 0.00 in GREENLIGHT CAPRE on June 2, 2023 and sell it all today you would earn a total of 0.00 from holding GREENLIGHT CAPRE A or generate 0.0% return on investment in GREENLIGHT CAPRE over 600 days. GREENLIGHT CAPRE is related to or competes with INFORMATION SVC, DICKER DATA, Stewart Information, Gol Intelligent, Northern Data, JAPAN AIRLINES, and Datadog. More
GREENLIGHT CAPRE 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 GREENLIGHT CAPRE'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 GREENLIGHT CAPRE A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.0558 | |||
| Maximum Drawdown | 12.15 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 3.08 |
GREENLIGHT CAPRE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GREENLIGHT CAPRE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GREENLIGHT CAPRE's standard deviation. In reality, there are many statistical measures that can use GREENLIGHT CAPRE historical prices to predict the future GREENLIGHT CAPRE's volatility.| Risk Adjusted Performance | 0.0683 | |||
| Jensen Alpha | 0.1333 | |||
| Total Risk Alpha | 0.0748 | |||
| Sortino Ratio | 0.054 | |||
| Treynor Ratio | 0.9754 |
GREENLIGHT CAPRE A Backtested Returns
At this point, GREENLIGHT CAPRE is not too volatile. GREENLIGHT CAPRE A holds Efficiency (Sharpe) Ratio of 0.0868, which attests that the entity had a 0.0868 % return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for GREENLIGHT CAPRE A, which you can use to evaluate the volatility of the firm. Please check out GREENLIGHT CAPRE's Market Risk Adjusted Performance of 0.9854, semi deviation of 1.57, and Risk Adjusted Performance of 0.0683 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. GREENLIGHT CAPRE has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GREENLIGHT CAPRE's returns are expected to increase less than the market. However, during the bear market, the loss of holding GREENLIGHT CAPRE is expected to be smaller as well. GREENLIGHT CAPRE A now retains a risk of 2.04%. Please check out GREENLIGHT CAPRE semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if GREENLIGHT CAPRE will be following its current trending patterns.
Auto-correlation | 0.59 |
Modest predictability
GREENLIGHT CAPRE A has modest predictability. Overlapping area represents the amount of predictability between GREENLIGHT CAPRE time series from 2nd of June 2023 to 28th of March 2024 and 28th of March 2024 to 22nd 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 GREENLIGHT CAPRE A price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current GREENLIGHT CAPRE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
GREENLIGHT CAPRE A lagged returns against current returns
Autocorrelation, which is GREENLIGHT CAPRE 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 GREENLIGHT CAPRE's stock expected returns. We can calculate the autocorrelation of GREENLIGHT CAPRE returns to help us make a trade decision. For example, suppose you find that GREENLIGHT CAPRE 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 |
GREENLIGHT CAPRE 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 GREENLIGHT CAPRE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GREENLIGHT CAPRE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GREENLIGHT CAPRE stock over time.
Current vs Lagged Prices |
| Timeline |
GREENLIGHT CAPRE Lagged Returns
When evaluating GREENLIGHT CAPRE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GREENLIGHT CAPRE stock have on its future price. GREENLIGHT CAPRE 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, GREENLIGHT CAPRE autocorrelation shows the relationship between GREENLIGHT CAPRE stock current value and its past values and can show if there is a momentum factor associated with investing in GREENLIGHT CAPRE A.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GREENLIGHT Stock
GREENLIGHT CAPRE financial ratios help investors to determine whether GREENLIGHT 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 GREENLIGHT with respect to the benefits of owning GREENLIGHT CAPRE security.