GreenX Metals (Australia) Market Value
| GRX Stock | 0.86 0.01 1.18% |
| Symbol | GreenX |
GreenX Metals '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 GreenX Metals' 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 GreenX Metals.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in GreenX Metals on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding GreenX Metals or generate 0.0% return on investment in GreenX Metals over 90 days. GreenX Metals is related to or competes with WiseTech Global, Ambertech, Kkr Credit, Latitude Financial, Perpetual Credit, and British Amer. GreenX Metals is entity of Australia. It is traded as Stock on AU exchange. More
GreenX Metals 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 GreenX Metals' 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 GreenX Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.2672 | |||
| Maximum Drawdown | 10.89 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 4.0 |
GreenX Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GreenX Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GreenX Metals' standard deviation. In reality, there are many statistical measures that can use GreenX Metals historical prices to predict the future GreenX Metals' volatility.| Risk Adjusted Performance | 0.196 | |||
| Jensen Alpha | 0.4649 | |||
| Total Risk Alpha | 0.6903 | |||
| Sortino Ratio | 0.2838 | |||
| Treynor Ratio | 1.6 |
GreenX Metals Backtested Returns
GreenX Metals appears to be dangerous, given 3 months investment horizon. GreenX Metals holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for GreenX Metals, which you can use to evaluate the volatility of the firm. Please utilize GreenX Metals' Downside Deviation of 1.92, risk adjusted performance of 0.196, and Market Risk Adjusted Performance of 1.61 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GreenX Metals holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GreenX Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding GreenX Metals is expected to be smaller as well. Please check GreenX Metals' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether GreenX Metals' current trending patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
GreenX Metals has weak predictability. Overlapping area represents the amount of predictability between GreenX Metals time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 GreenX Metals price movement. The serial correlation of 0.2 indicates that over 20.0% of current GreenX Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
GreenX Metals lagged returns against current returns
Autocorrelation, which is GreenX Metals 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 GreenX Metals' stock expected returns. We can calculate the autocorrelation of GreenX Metals returns to help us make a trade decision. For example, suppose you find that GreenX Metals 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 |
GreenX Metals 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 GreenX Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GreenX Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GreenX Metals stock over time.
Current vs Lagged Prices |
| Timeline |
GreenX Metals Lagged Returns
When evaluating GreenX Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GreenX Metals stock have on its future price. GreenX Metals 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, GreenX Metals autocorrelation shows the relationship between GreenX Metals stock current value and its past values and can show if there is a momentum factor associated with investing in GreenX Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for GreenX Stock Analysis
When running GreenX Metals' price analysis, check to measure GreenX Metals' 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 GreenX Metals is operating at the current time. Most of GreenX Metals' value examination focuses on studying past and present price action to predict the probability of GreenX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GreenX Metals' price. Additionally, you may evaluate how the addition of GreenX Metals to your portfolios can decrease your overall portfolio volatility.