Groove Botanicals Stock Market Value
| GRVE Stock | USD 0 0 75.51% |
| Symbol | Groove |
Groove Botanicals '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 Groove Botanicals' 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 Groove Botanicals.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Groove Botanicals on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Groove Botanicals or generate 0.0% return on investment in Groove Botanicals over 60 days. The company was formerly known as Avalon Oil Gas, Inc More
Groove Botanicals 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 Groove Botanicals' 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 Groove Botanicals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 94.51 | |||
| Value At Risk | (9.26) |
Groove Botanicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Groove Botanicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Groove Botanicals' standard deviation. In reality, there are many statistical measures that can use Groove Botanicals historical prices to predict the future Groove Botanicals' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (2.06) | |||
| Total Risk Alpha | (3.73) | |||
| Treynor Ratio | (1.97) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Groove Botanicals' 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.
Groove Botanicals Backtested Returns
Groove Botanicals holds Efficiency (Sharpe) Ratio of -0.18, which attests that the entity had a -0.18% return per unit of risk over the last 3 months. Groove Botanicals exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Groove Botanicals' Risk Adjusted Performance of (0.11), standard deviation of 11.28, and Market Risk Adjusted Performance of (1.96) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.99, which attests to possible diversification benefits within a given portfolio. Groove Botanicals returns are very sensitive to returns on the market. As the market goes up or down, Groove Botanicals is expected to follow. At this point, Groove Botanicals has a negative expected return of -2.03%. Please make sure to check out Groove Botanicals' information ratio, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Groove Botanicals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Groove Botanicals has no correlation between past and present. Overlapping area represents the amount of predictability between Groove Botanicals time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Groove Botanicals price movement. The serial correlation of 0.0 indicates that just 0.0% of current Groove Botanicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Groove Botanicals lagged returns against current returns
Autocorrelation, which is Groove Botanicals 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 Groove Botanicals' pink sheet expected returns. We can calculate the autocorrelation of Groove Botanicals returns to help us make a trade decision. For example, suppose you find that Groove Botanicals 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 |
Groove Botanicals 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 Groove Botanicals pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Groove Botanicals pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Groove Botanicals pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Groove Botanicals Lagged Returns
When evaluating Groove Botanicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Groove Botanicals pink sheet have on its future price. Groove Botanicals 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, Groove Botanicals autocorrelation shows the relationship between Groove Botanicals pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Groove Botanicals.
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.Other Information on Investing in Groove Pink Sheet
Groove Botanicals financial ratios help investors to determine whether Groove 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 Groove with respect to the benefits of owning Groove Botanicals security.