Greenfirst Forest Products Stock Market Value
| GFP Stock | 5.68 0.03 0.53% |
| Symbol | GreenFirst |
GreenFirst Forest Price To Book Ratio
GreenFirst Forest '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 GreenFirst Forest'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 GreenFirst Forest.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in GreenFirst Forest on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding GreenFirst Forest Products or generate 0.0% return on investment in GreenFirst Forest over 30 days. GreenFirst Forest is related to or competes with Conifex Timber, Itafos Corp, GreenFirst Forest, and BluMetric Environmental. GreenFirst Forest is entity of Canada. It is traded as Stock on TO exchange. More
GreenFirst Forest 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 GreenFirst Forest'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 GreenFirst Forest Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 34.57 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 3.86 |
GreenFirst Forest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GreenFirst Forest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GreenFirst Forest's standard deviation. In reality, there are many statistical measures that can use GreenFirst Forest historical prices to predict the future GreenFirst Forest's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.1324 |
GreenFirst Forest Backtested Returns
GreenFirst Forest holds Efficiency (Sharpe) Ratio of -0.0686, which attests that the entity had a -0.0686% return per unit of risk over the last 3 months. GreenFirst Forest exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GreenFirst Forest's Risk Adjusted Performance of (0.03), standard deviation of 4.26, and Market Risk Adjusted Performance of 0.1424 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.6, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GreenFirst Forest are expected to decrease by larger amounts. On the other hand, during market turmoil, GreenFirst Forest is expected to outperform it. At this point, GreenFirst Forest has a negative expected return of -0.29%. Please make sure to check out GreenFirst Forest's potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if GreenFirst Forest performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
GreenFirst Forest Products has virtually no predictability. Overlapping area represents the amount of predictability between GreenFirst Forest 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 GreenFirst Forest price movement. The serial correlation of 0.01 indicates that just 1.0% of current GreenFirst Forest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
GreenFirst Forest lagged returns against current returns
Autocorrelation, which is GreenFirst Forest 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 GreenFirst Forest's stock expected returns. We can calculate the autocorrelation of GreenFirst Forest returns to help us make a trade decision. For example, suppose you find that GreenFirst Forest 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 |
GreenFirst Forest 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 GreenFirst Forest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GreenFirst Forest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GreenFirst Forest stock over time.
Current vs Lagged Prices |
| Timeline |
GreenFirst Forest Lagged Returns
When evaluating GreenFirst Forest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GreenFirst Forest stock have on its future price. GreenFirst Forest 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, GreenFirst Forest autocorrelation shows the relationship between GreenFirst Forest stock current value and its past values and can show if there is a momentum factor associated with investing in GreenFirst Forest Products.
Regressed Prices |
| Timeline |
Pair Trading with GreenFirst Forest
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 GreenFirst Forest 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 GreenFirst Forest will appreciate offsetting losses from the drop in the long position's value.Moving together with GreenFirst Stock
Moving against GreenFirst Stock
| 0.72 | LCS | Brompton Lifeco Split Split | PairCorr |
| 0.69 | FDR | Flinders Resources | PairCorr |
| 0.55 | DGS | Dividend Growth Split | PairCorr |
| 0.51 | DF | Dividend 15 Split | PairCorr |
| 0.47 | ESI | Ensign Energy Services | PairCorr |
The ability to find closely correlated positions to GreenFirst Forest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GreenFirst Forest 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 GreenFirst Forest - 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 GreenFirst Forest Products to buy it.
The correlation of GreenFirst Forest 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 GreenFirst Forest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GreenFirst Forest 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 GreenFirst Forest 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.Other Information on Investing in GreenFirst Stock
GreenFirst Forest financial ratios help investors to determine whether GreenFirst 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 GreenFirst with respect to the benefits of owning GreenFirst Forest security.