Green Hydrogen (Denmark) Market Value
| GREENH Stock | 3.56 0.41 13.02% |
| Symbol | Green |
Green Hydrogen '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 Green Hydrogen'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 Green Hydrogen.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Green Hydrogen on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Green Hydrogen Systems or generate 0.0% return on investment in Green Hydrogen over 30 days. Green Hydrogen is related to or competes with Ambu AS, GN Store, Bavarian Nordic, FLSmidth, and Netcompany Group. More
Green Hydrogen 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 Green Hydrogen'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 Green Hydrogen Systems upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 43.15 | |||
| Value At Risk | (10.78) | |||
| Potential Upside | 13.02 |
Green Hydrogen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Green Hydrogen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Green Hydrogen's standard deviation. In reality, there are many statistical measures that can use Green Hydrogen historical prices to predict the future Green Hydrogen's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (1.83) | |||
| Treynor Ratio | (0.25) |
Green Hydrogen Systems Backtested Returns
Green Hydrogen Systems holds Efficiency (Sharpe) Ratio of -0.0315, which attests that the entity had a -0.0315% return per unit of risk over the last 3 months. Green Hydrogen Systems exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Green Hydrogen's Standard Deviation of 9.12, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.24) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.23, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Green Hydrogen will likely underperform. At this point, Green Hydrogen Systems has a negative expected return of -0.29%. Please make sure to check out Green Hydrogen's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if Green Hydrogen Systems performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.87 |
Excellent reverse predictability
Green Hydrogen Systems has excellent reverse predictability. Overlapping area represents the amount of predictability between Green Hydrogen time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Green Hydrogen Systems price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Green Hydrogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Green Hydrogen Systems lagged returns against current returns
Autocorrelation, which is Green Hydrogen 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 Green Hydrogen's stock expected returns. We can calculate the autocorrelation of Green Hydrogen returns to help us make a trade decision. For example, suppose you find that Green Hydrogen 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 |
Green Hydrogen 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 Green Hydrogen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Green Hydrogen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Green Hydrogen stock over time.
Current vs Lagged Prices |
| Timeline |
Green Hydrogen Lagged Returns
When evaluating Green Hydrogen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Green Hydrogen stock have on its future price. Green Hydrogen 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, Green Hydrogen autocorrelation shows the relationship between Green Hydrogen stock current value and its past values and can show if there is a momentum factor associated with investing in Green Hydrogen Systems.
Regressed Prices |
| Timeline |
Pair Trading with Green Hydrogen
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 Green Hydrogen 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 Green Hydrogen will appreciate offsetting losses from the drop in the long position's value.Moving together with Green Stock
Moving against Green Stock
| 0.8 | DSV | DSV Panalpina AS | PairCorr |
| 0.76 | RILBA | Ringkjoebing Landbobank | PairCorr |
| 0.51 | MAERSK-B | AP Mller | PairCorr |
| 0.49 | MAERSK-A | AP Mller | PairCorr |
The ability to find closely correlated positions to Green Hydrogen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Green Hydrogen 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 Green Hydrogen - 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 Green Hydrogen Systems to buy it.
The correlation of Green Hydrogen 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 Green Hydrogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Green Hydrogen Systems 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 Green Hydrogen 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 Green Stock
Green Hydrogen financial ratios help investors to determine whether Green 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 Green with respect to the benefits of owning Green Hydrogen security.