Greencoat Renewables (Ireland) Market Value
| GRP Stock | EUR 0.80 0.01 1.27% |
| Symbol | Greencoat |
Greencoat 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 Greencoat Renewables' 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 Greencoat Renewables.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Greencoat Renewables on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Greencoat Renewables PLC or generate 0.0% return on investment in Greencoat Renewables over 720 days. Greencoat Renewables is related to or competes with Dalata Hotel, AIB Group, and Glanbia PLC. More
Greencoat 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 Greencoat Renewables' 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 Greencoat Renewables PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.45 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 2.56 |
Greencoat Renewables Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greencoat Renewables' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greencoat Renewables' standard deviation. In reality, there are many statistical measures that can use Greencoat Renewables historical prices to predict the future Greencoat Renewables' volatility.| Risk Adjusted Performance | 0.0015 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.14) |
Greencoat Renewables PLC Backtested Returns
Greencoat Renewables PLC holds Efficiency (Sharpe) Ratio of -0.0454, which attests that the entity had a -0.0454 % return per unit of risk over the last 3 months. Greencoat Renewables PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greencoat Renewables' Market Risk Adjusted Performance of (0.13), risk adjusted performance of 0.0015, and Standard Deviation of 1.49 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Greencoat Renewables' returns are expected to increase less than the market. However, during the bear market, the loss of holding Greencoat Renewables is expected to be smaller as well. At this point, Greencoat Renewables PLC has a negative expected return of -0.0677%. Please make sure to check out Greencoat Renewables' standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to decide if Greencoat Renewables PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Greencoat Renewables PLC has very weak predictability. Overlapping area represents the amount of predictability between Greencoat Renewables time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 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 Greencoat Renewables PLC price movement. The serial correlation of 0.17 indicates that over 17.0% of current Greencoat Renewables price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Greencoat Renewables PLC lagged returns against current returns
Autocorrelation, which is Greencoat Renewables 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 Greencoat Renewables' stock expected returns. We can calculate the autocorrelation of Greencoat Renewables returns to help us make a trade decision. For example, suppose you find that Greencoat Renewables 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 |
Greencoat 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 Greencoat Renewables stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greencoat Renewables stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greencoat Renewables stock over time.
Current vs Lagged Prices |
| Timeline |
Greencoat Renewables Lagged Returns
When evaluating Greencoat Renewables' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greencoat Renewables stock have on its future price. Greencoat 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, Greencoat Renewables autocorrelation shows the relationship between Greencoat Renewables stock current value and its past values and can show if there is a momentum factor associated with investing in Greencoat Renewables PLC.
Regressed Prices |
| Timeline |
Additional Tools for Greencoat Stock Analysis
When running Greencoat Renewables' price analysis, check to measure Greencoat Renewables' 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 Greencoat Renewables is operating at the current time. Most of Greencoat Renewables' value examination focuses on studying past and present price action to predict the probability of Greencoat Renewables' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greencoat Renewables' price. Additionally, you may evaluate how the addition of Greencoat Renewables to your portfolios can decrease your overall portfolio volatility.