Greenlane Renewables Stock Market Value
| GRNWF Stock | USD 0.07 0.01 17.86% |
| Symbol | Greenlane |
Greenlane Renewables '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 Renewables' 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 Greenlane Renewables.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Greenlane Renewables on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Greenlane Renewables or generate 0.0% return on investment in Greenlane Renewables over 90 days. Greenlane Renewables is related to or competes with Euro Tech, China Natural, Fuel Tech, and Vow ASA. Greenlane Renewables Inc. designs, develops, sells, and services a range of biogas upgrading systems worldwide More
Greenlane Renewables 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 Renewables' 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 Greenlane Renewables upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 28.72 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 7.14 |
Greenlane Renewables Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenlane Renewables' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenlane Renewables' standard deviation. In reality, there are many statistical measures that can use Greenlane Renewables historical prices to predict the future Greenlane Renewables' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | 0.3862 | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Greenlane Renewables' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Greenlane Renewables Backtested Returns
Greenlane Renewables holds Efficiency (Sharpe) Ratio of -0.0446, which attests that the entity had a -0.0446 % return per unit of risk over the last 3 months. Greenlane Renewables exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greenlane Renewables' Market Risk Adjusted Performance of (0.32), risk adjusted performance of (0.03), and Standard Deviation of 4.91 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Greenlane Renewables' returns are expected to increase less than the market. However, during the bear market, the loss of holding Greenlane Renewables is expected to be smaller as well. At this point, Greenlane Renewables has a negative expected return of -0.22%. Please make sure to check out Greenlane Renewables' jensen alpha, as well as the relationship between the kurtosis and price action indicator , to decide if Greenlane Renewables performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Greenlane Renewables has poor predictability. Overlapping area represents the amount of predictability between Greenlane Renewables time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Greenlane Renewables price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Greenlane Renewables price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Greenlane Renewables lagged returns against current returns
Autocorrelation, which is Greenlane Renewables 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 Greenlane Renewables' pink sheet expected returns. We can calculate the autocorrelation of Greenlane Renewables returns to help us make a trade decision. For example, suppose you find that Greenlane Renewables 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 |
Greenlane Renewables 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 Renewables pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenlane Renewables pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenlane Renewables pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Greenlane Renewables Lagged Returns
When evaluating Greenlane Renewables' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenlane Renewables pink sheet have on its future price. Greenlane Renewables 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 Renewables autocorrelation shows the relationship between Greenlane Renewables pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Greenlane Renewables.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Greenlane Pink Sheet
Greenlane Renewables financial ratios help investors to determine whether Greenlane Pink Sheet 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 Greenlane with respect to the benefits of owning Greenlane Renewables security.