Greencore Group Plc Stock Market Value
| GNCGY Stock | USD 10.40 0.36 3.35% |
| Symbol | Greencore |
Greencore Group '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 Greencore Group's pink sheet 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 Greencore Group.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Greencore Group on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Greencore Group PLC or generate 0.0% return on investment in Greencore Group over 720 days. Greencore Group is related to or competes with PACCAR, Tesla, Gentex, CarsalesCom, U Power, Q2 Holdings, and Rivian Automotive. Greencore Group plc, together with its subsidiaries, engages in the manufacture and sale of convenience food products pr... More
Greencore Group 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 Greencore Group's pink sheet 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 Greencore Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.32 | |||
| Information Ratio | 0.0799 | |||
| Maximum Drawdown | 31.35 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 6.02 |
Greencore Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greencore Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greencore Group's standard deviation. In reality, there are many statistical measures that can use Greencore Group historical prices to predict the future Greencore Group's volatility.| Risk Adjusted Performance | 0.0774 | |||
| Jensen Alpha | 0.3246 | |||
| Total Risk Alpha | 0.2353 | |||
| Sortino Ratio | 0.0717 | |||
| Treynor Ratio | 1.61 |
Greencore Group PLC Backtested Returns
Greencore Group appears to be somewhat reliable, given 3 months investment horizon. Greencore Group PLC holds Efficiency (Sharpe) Ratio of 0.0887, which attests that the entity had a 0.0887% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Greencore Group PLC, which you can use to evaluate the volatility of the firm. Please utilize Greencore Group's Market Risk Adjusted Performance of 1.62, downside deviation of 4.32, and Risk Adjusted Performance of 0.0774 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Greencore Group holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Greencore Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Greencore Group is expected to be smaller as well. Please check Greencore Group's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Greencore Group's current trending patterns will revert.
Auto-correlation | 0.71 |
Good predictability
Greencore Group PLC has good predictability. Overlapping area represents the amount of predictability between Greencore Group time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Greencore Group PLC price movement. The serial correlation of 0.71 indicates that around 71.0% of current Greencore Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 4.88 |
Greencore Group PLC lagged returns against current returns
Autocorrelation, which is Greencore Group pink sheet'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 Greencore Group's pink sheet expected returns. We can calculate the autocorrelation of Greencore Group returns to help us make a trade decision. For example, suppose you find that Greencore Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Greencore Group 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 Greencore Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greencore Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greencore Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Greencore Group Lagged Returns
When evaluating Greencore Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greencore Group pink sheet have on its future price. Greencore Group 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, Greencore Group autocorrelation shows the relationship between Greencore Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Greencore Group PLC.
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.Additional Tools for Greencore Pink Sheet Analysis
When running Greencore Group's price analysis, check to measure Greencore Group'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 Greencore Group is operating at the current time. Most of Greencore Group's value examination focuses on studying past and present price action to predict the probability of Greencore Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greencore Group's price. Additionally, you may evaluate how the addition of Greencore Group to your portfolios can decrease your overall portfolio volatility.