GreenX Metals (Poland) Market Value
| GRX Stock | 2.10 0.08 3.67% |
| 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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in GreenX Metals on December 16, 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 Medicalg, PLAYWAY SA, Globe Trade, Santander Bank, Echo Investment, Centrum Finansowe, and Play2Chill. 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 | 2.25 | |||
| Information Ratio | 0.1592 | |||
| Maximum Drawdown | 14.88 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 5.41 |
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 | 0.1115 | |||
| Jensen Alpha | 0.2799 | |||
| Total Risk Alpha | 0.6184 | |||
| Sortino Ratio | 0.1814 | |||
| Treynor Ratio | (1.78) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GreenX Metals' 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.
GreenX Metals Backtested Returns
GreenX Metals appears to be risky, given 3 months investment horizon. GreenX Metals holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14 % 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 2.25, risk adjusted performance of 0.1115, and Market Risk Adjusted Performance of (1.77) 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 10. The company retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GreenX Metals are expected to decrease at a much lower rate. During the bear market, GreenX Metals is likely to outperform the market. Please check GreenX Metals' value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether GreenX Metals' current trending patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
GreenX Metals has very weak predictability. Overlapping area represents the amount of predictability between GreenX Metals 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 GreenX Metals price movement. The serial correlation of 0.16 indicates that over 16.0% of current GreenX Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.03 | |
| 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 |
Pair Trading with GreenX Metals
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 GreenX Metals 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 GreenX Metals will appreciate offsetting losses from the drop in the long position's value.Moving together with GreenX Stock
| 0.8 | CEZ | CEZ as Earnings Call This Week | PairCorr |
| 0.74 | PKN | Polski Koncern Naftowy | PairCorr |
| 0.77 | DNP | Dino Polska SA | PairCorr |
The ability to find closely correlated positions to GreenX Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GreenX Metals 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 GreenX Metals - 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 GreenX Metals to buy it.
The correlation of GreenX Metals 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 GreenX Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GreenX Metals 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 GreenX Metals 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.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.