Greenlight Capital Re Stock Market Value
| GLRE Stock | USD 13.22 0.06 0.46% |
| Symbol | Greenlight |
Greenlight Capital Price To Book Ratio
Is Reinsurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Greenlight Capital. If investors know Greenlight will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Greenlight Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.59 | Earnings Share 1.24 | Revenue Per Share | Quarterly Revenue Growth (0) | Return On Assets |
The market value of Greenlight Capital is measured differently than its book value, which is the value of Greenlight that is recorded on the company's balance sheet. Investors also form their own opinion of Greenlight Capital's value that differs from its market value or its book value, called intrinsic value, which is Greenlight Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Greenlight Capital's market value can be influenced by many factors that don't directly affect Greenlight Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Greenlight Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenlight Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenlight Capital'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 Capital '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 Capital'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 Capital.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Greenlight Capital on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Greenlight Capital Re or generate 0.0% return on investment in Greenlight Capital over 90 days. Greenlight Capital is related to or competes with Reinsurance Group, Siriuspoint, SCOR PK, SiriusPoint, Maiden Holdings, RenaissanceRe Holdings, and Renaissancere Holdings. Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide More
Greenlight Capital 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 Capital'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 Capital Re upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.11 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 2.41 |
Greenlight Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenlight Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenlight Capital's standard deviation. In reality, there are many statistical measures that can use Greenlight Capital historical prices to predict the future Greenlight Capital's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | 0.0603 | |||
| Treynor Ratio | (0.32) |
Greenlight Capital Backtested Returns
Greenlight Capital holds Efficiency (Sharpe) Ratio of -0.0967, which attests that the entity had a -0.0967 % return per unit of risk over the last 3 months. Greenlight Capital exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greenlight Capital's Standard Deviation of 1.51, risk adjusted performance of (0.1), and Market Risk Adjusted Performance of (0.31) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Greenlight Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Greenlight Capital is expected to be smaller as well. At this point, Greenlight Capital has a negative expected return of -0.15%. Please make sure to check out Greenlight Capital's potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if Greenlight Capital performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Greenlight Capital Re has very weak predictability. Overlapping area represents the amount of predictability between Greenlight Capital time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 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 Capital price movement. The serial correlation of 0.17 indicates that over 17.0% of current Greenlight Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Greenlight Capital lagged returns against current returns
Autocorrelation, which is Greenlight Capital 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 Capital's stock expected returns. We can calculate the autocorrelation of Greenlight Capital returns to help us make a trade decision. For example, suppose you find that Greenlight Capital 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 Capital 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 Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenlight Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenlight Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Greenlight Capital Lagged Returns
When evaluating Greenlight Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenlight Capital stock have on its future price. Greenlight Capital 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 Capital autocorrelation shows the relationship between Greenlight Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Greenlight Capital Re.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Greenlight Capital is a strong investment it is important to analyze Greenlight Capital's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Greenlight Capital's future performance. For an informed investment choice regarding Greenlight Stock, refer to the following important reports:Check out Greenlight Capital Correlation, Greenlight Capital Volatility and Greenlight Capital Alpha and Beta module to complement your research on Greenlight Capital. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Greenlight Capital technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.