Greenland Acquisition Corp Stock Market Value
| GTEC Stock | USD 2.04 0.12 5.56% |
| Symbol | Greenland |
Greenland Acquisition Price To Book Ratio
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Greenland Acquisition. If investors know Greenland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Greenland Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.889 | Earnings Share (0.94) | Revenue Per Share 6.674 | Quarterly Revenue Growth (0.02) | Return On Assets (0.10) |
The market value of Greenland Acquisition is measured differently than its book value, which is the value of Greenland that is recorded on the company's balance sheet. Investors also form their own opinion of Greenland Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Greenland Acquisition's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Greenland Acquisition's market value can be influenced by many factors that don't directly affect Greenland Acquisition's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Greenland Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenland Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenland Acquisition's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Greenland Acquisition '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 Greenland Acquisition's 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 Greenland Acquisition.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Greenland Acquisition on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Greenland Acquisition Corp or generate 0.0% return on investment in Greenland Acquisition over 30 days. Greenland Acquisition is related to or competes with JE Cleantech, Laser Photonics, Siemens AG, Nuburu, Dover, Graco, and Illinois Tool. Greenland Technologies Holding Corporation develops, manufactures, and sells transmission products for material handling... More
Greenland Acquisition 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 Greenland Acquisition's 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 Greenland Acquisition Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.0 | |||
| Information Ratio | 0.0032 | |||
| Maximum Drawdown | 19.88 | |||
| Value At Risk | (6.69) | |||
| Potential Upside | 10.04 |
Greenland Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenland Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenland Acquisition's standard deviation. In reality, there are many statistical measures that can use Greenland Acquisition historical prices to predict the future Greenland Acquisition's volatility.| Risk Adjusted Performance | 0.0303 | |||
| Jensen Alpha | 0.1154 | |||
| Total Risk Alpha | (0.61) | |||
| Sortino Ratio | 0.004 | |||
| Treynor Ratio | 0.9497 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Greenland Acquisition's 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.
Greenland Acquisition Backtested Returns
At this point, Greenland Acquisition is risky. Greenland Acquisition holds Efficiency (Sharpe) Ratio of 0.0291, which attests that the entity had a 0.0291% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Greenland Acquisition, which you can use to evaluate the volatility of the firm. Please check out Greenland Acquisition's Downside Deviation of 4.0, market risk adjusted performance of 0.9597, and Risk Adjusted Performance of 0.0303 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Greenland Acquisition has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Greenland Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding Greenland Acquisition is expected to be smaller as well. Greenland Acquisition right now retains a risk of 5.04%. Please check out Greenland Acquisition maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to decide if Greenland Acquisition will be following its current trending patterns.
Auto-correlation | 0.72 |
Good predictability
Greenland Acquisition Corp has good predictability. Overlapping area represents the amount of predictability between Greenland Acquisition time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Greenland Acquisition price movement. The serial correlation of 0.72 indicates that around 72.0% of current Greenland Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Greenland Acquisition lagged returns against current returns
Autocorrelation, which is Greenland Acquisition 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 Greenland Acquisition's stock expected returns. We can calculate the autocorrelation of Greenland Acquisition returns to help us make a trade decision. For example, suppose you find that Greenland Acquisition 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 |
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Greenland Acquisition 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 Greenland Acquisition stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenland Acquisition stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenland Acquisition stock over time.
Current vs Lagged Prices |
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Greenland Acquisition Lagged Returns
When evaluating Greenland Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenland Acquisition stock have on its future price. Greenland Acquisition 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, Greenland Acquisition autocorrelation shows the relationship between Greenland Acquisition stock current value and its past values and can show if there is a momentum factor associated with investing in Greenland Acquisition Corp.
Regressed Prices |
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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.When determining whether Greenland Acquisition offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Greenland Acquisition's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Greenland Acquisition Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Greenland Acquisition Corp Stock:Check out Greenland Acquisition Correlation, Greenland Acquisition Volatility and Greenland Acquisition Alpha and Beta module to complement your research on Greenland Acquisition. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Greenland Acquisition technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.