Greenlane Holdings Stock Market Value
| GNLN Stock | USD 1.83 0.06 3.17% |
| Symbol | Greenlane |
Greenlane Holdings Price To Book Ratio
Is Distributors 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 Greenlane Holdings. If investors know Greenlane 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 Greenlane Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (117.59) | Revenue Per Share 61.566 | Quarterly Revenue Growth (0.86) | Return On Assets (0.23) | Return On Equity (1.42) |
The market value of Greenlane Holdings is measured differently than its book value, which is the value of Greenlane that is recorded on the company's balance sheet. Investors also form their own opinion of Greenlane Holdings' value that differs from its market value or its book value, called intrinsic value, which is Greenlane Holdings' 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 Greenlane Holdings' market value can be influenced by many factors that don't directly affect Greenlane Holdings' 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 Greenlane Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenlane Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenlane Holdings' 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.
Greenlane Holdings '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 Greenlane Holdings' 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 Greenlane Holdings.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Greenlane Holdings on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Greenlane Holdings or generate 0.0% return on investment in Greenlane Holdings over 60 days. Greenlane Holdings is related to or competes with Kaival Brands, RLX Technology, TAAT Global, Turning Point, Pyxus International, and Japan Tobacco. Greenlane Holdings, Inc. develops and distributes cannabis accessories, child-resistant packaging, vape solutions, and l... More
Greenlane Holdings 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 Greenlane Holdings' 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 Greenlane Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 109.31 | |||
| Value At Risk | (12.79) | |||
| Potential Upside | 7.78 |
Greenlane Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenlane Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenlane Holdings' standard deviation. In reality, there are many statistical measures that can use Greenlane Holdings historical prices to predict the future Greenlane Holdings' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.90) | |||
| Total Risk Alpha | (3.21) | |||
| Treynor Ratio | 0.8658 |
Greenlane Holdings Backtested Returns
Greenlane Holdings holds Efficiency (Sharpe) Ratio of -0.0603, which attests that the entity had a -0.0603% return per unit of risk over the last 3 months. Greenlane Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greenlane Holdings' Standard Deviation of 14.42, risk adjusted performance of (0.05), and Market Risk Adjusted Performance of 0.8758 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.2, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Greenlane Holdings are expected to decrease by larger amounts. On the other hand, during market turmoil, Greenlane Holdings is expected to outperform it. At this point, Greenlane Holdings has a negative expected return of -0.88%. Please make sure to check out Greenlane Holdings' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Greenlane Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Greenlane Holdings has average predictability. Overlapping area represents the amount of predictability between Greenlane Holdings time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th of November 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 Greenlane Holdings price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Greenlane Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Greenlane Holdings lagged returns against current returns
Autocorrelation, which is Greenlane Holdings 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 Greenlane Holdings' stock expected returns. We can calculate the autocorrelation of Greenlane Holdings returns to help us make a trade decision. For example, suppose you find that Greenlane Holdings 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 |
Greenlane Holdings 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 Greenlane Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenlane Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenlane Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Greenlane Holdings Lagged Returns
When evaluating Greenlane Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenlane Holdings stock have on its future price. Greenlane Holdings 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, Greenlane Holdings autocorrelation shows the relationship between Greenlane Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Greenlane Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Greenlane Holdings
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 Greenlane Holdings 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 Greenlane Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Greenlane Stock
| 0.91 | LB | LandBridge Company | PairCorr |
| 0.9 | VSCO | Victorias Secret | PairCorr |
| 0.88 | WRBY | Warby Parker Downward Rally | PairCorr |
| 0.69 | WEYS | Weyco Group | PairCorr |
| 0.68 | ABG | Asbury Automotive | PairCorr |
The ability to find closely correlated positions to Greenlane Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greenlane Holdings 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 Greenlane Holdings - 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 Greenlane Holdings to buy it.
The correlation of Greenlane Holdings 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 Greenlane Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenlane Holdings 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 Greenlane Holdings 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.Check out Greenlane Holdings Correlation, Greenlane Holdings Volatility and Greenlane Holdings Alpha and Beta module to complement your research on Greenlane Holdings. To learn how to invest in Greenlane Stock, please use our How to Invest in Greenlane Holdings guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Greenlane Holdings 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.