Green Thumb Industries Stock Market Value
| GTBIF Stock | USD 9.29 0.21 2.21% |
| Symbol | Green |
Green Thumb '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 Green Thumb's otc 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 Green Thumb.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Green Thumb on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Green Thumb Industries or generate 0.0% return on investment in Green Thumb over 30 days. Green Thumb is related to or competes with Curaleaf Holdings, Trulieve Cannabis, Cresco Labs, GrowGeneration Corp, and Charlottes Web. Green Thumb Industries Inc. engages in manufacture, distribution, and sale of various cannabis products for medical and ... More
Green Thumb 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 Green Thumb's otc 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 Green Thumb Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.47 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 28.69 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 7.97 |
Green Thumb Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Green Thumb's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Green Thumb's standard deviation. In reality, there are many statistical measures that can use Green Thumb historical prices to predict the future Green Thumb's volatility.| Risk Adjusted Performance | 0.022 | |||
| Jensen Alpha | 0.2729 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.04) |
Green Thumb Industries Backtested Returns
At this point, Green Thumb is slightly risky. Green Thumb Industries holds Efficiency (Sharpe) Ratio of 0.004, which attests that the entity had a 0.004% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Green Thumb Industries, which you can use to evaluate the volatility of the firm. Please check out Green Thumb's Downside Deviation of 4.47, market risk adjusted performance of (0.03), and Risk Adjusted Performance of 0.022 to validate if the risk estimate we provide is consistent with the expected return of 0.0173%. The company retains a Market Volatility (i.e., Beta) of -1.61, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Green Thumb are expected to decrease by larger amounts. On the other hand, during market turmoil, Green Thumb is expected to outperform it. Green Thumb Industries right now retains a risk of 4.36%. Please check out Green Thumb maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Green Thumb will be following its current trending patterns.
Auto-correlation | 0.43 |
Average predictability
Green Thumb Industries has average predictability. Overlapping area represents the amount of predictability between Green Thumb time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Green Thumb Industries price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Green Thumb price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Green Thumb Industries lagged returns against current returns
Autocorrelation, which is Green Thumb otc 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 Green Thumb's otc stock expected returns. We can calculate the autocorrelation of Green Thumb returns to help us make a trade decision. For example, suppose you find that Green Thumb has exhibited high autocorrelation historically, and you observe that the otc 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 |
Green Thumb 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 Green Thumb otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Green Thumb otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Green Thumb otc stock over time.
Current vs Lagged Prices |
| Timeline |
Green Thumb Lagged Returns
When evaluating Green Thumb's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Green Thumb otc stock have on its future price. Green Thumb 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, Green Thumb autocorrelation shows the relationship between Green Thumb otc stock current value and its past values and can show if there is a momentum factor associated with investing in Green Thumb Industries.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Green OTC Stock
Green Thumb financial ratios help investors to determine whether Green OTC Stock 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 Green with respect to the benefits of owning Green Thumb security.