Greenvolt Energias (Portugal) Market Value
| GVOLT Stock | 8.22 0.00 0.00% |
| Symbol | Greenvolt |
Greenvolt Energias '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 Greenvolt Energias' 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 Greenvolt Energias.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Greenvolt Energias on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Greenvolt Energias Renovaveis or generate 0.0% return on investment in Greenvolt Energias over 90 days. Greenvolt Energias is related to or competes with Altri SGPS, Navigator, Galp Energia, EDP Renovaveis, and Sonae SGPS. More
Greenvolt Energias 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 Greenvolt Energias' 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 Greenvolt Energias Renovaveis upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.94 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.8728 |
Greenvolt Energias Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenvolt Energias' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenvolt Energias' standard deviation. In reality, there are many statistical measures that can use Greenvolt Energias historical prices to predict the future Greenvolt Energias' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Greenvolt Energias' 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.
Greenvolt Energias Backtested Returns
Greenvolt Energias holds Efficiency (Sharpe) Ratio of -0.0139, which attests that the entity had a -0.0139% return per unit of risk over the last 3 months. Greenvolt Energias exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greenvolt Energias' Standard Deviation of 0.8337, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.12) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Greenvolt Energias' returns are expected to increase less than the market. However, during the bear market, the loss of holding Greenvolt Energias is expected to be smaller as well. At this point, Greenvolt Energias has a negative expected return of -0.0119%. Please make sure to check out Greenvolt Energias' mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to decide if Greenvolt Energias performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Greenvolt Energias Renovaveis has weak reverse predictability. Overlapping area represents the amount of predictability between Greenvolt Energias time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th 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 Greenvolt Energias price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Greenvolt Energias price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Greenvolt Energias lagged returns against current returns
Autocorrelation, which is Greenvolt Energias 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 Greenvolt Energias' stock expected returns. We can calculate the autocorrelation of Greenvolt Energias returns to help us make a trade decision. For example, suppose you find that Greenvolt Energias 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 |
Greenvolt Energias 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 Greenvolt Energias stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenvolt Energias stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenvolt Energias stock over time.
Current vs Lagged Prices |
| Timeline |
Greenvolt Energias Lagged Returns
When evaluating Greenvolt Energias' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenvolt Energias stock have on its future price. Greenvolt Energias 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, Greenvolt Energias autocorrelation shows the relationship between Greenvolt Energias stock current value and its past values and can show if there is a momentum factor associated with investing in Greenvolt Energias Renovaveis.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Greenvolt Stock
Greenvolt Energias financial ratios help investors to determine whether Greenvolt 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 Greenvolt with respect to the benefits of owning Greenvolt Energias security.