Greystone Logistics Stock Market Value
| GLGI Stock | USD 1.15 0.14 10.85% |
| Symbol | Greystone |
Greystone Logistics '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 Greystone Logistics' 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 Greystone Logistics.
| 02/18/2024 |
| 04/18/2024 |
If you would invest 0.00 in Greystone Logistics on February 18, 2024 and sell it all today you would earn a total of 0.00 from holding Greystone Logistics or generate 0.0% return on investment in Greystone Logistics over 60 days. Greystone Logistics is related to or competes with Alumina, HUMANA, and Spring Valley. Greystone Logistics, Inc., through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled pl... More
Greystone Logistics 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 Greystone Logistics' 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 Greystone Logistics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.2 | |||
| Information Ratio | 0.0841 | |||
| Maximum Drawdown | 23.59 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 6.38 |
Greystone Logistics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greystone Logistics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greystone Logistics' standard deviation. In reality, there are many statistical measures that can use Greystone Logistics historical prices to predict the future Greystone Logistics' volatility.| Risk Adjusted Performance | 0.0705 | |||
| Jensen Alpha | 0.3293 | |||
| Total Risk Alpha | 0.091 | |||
| Sortino Ratio | 0.0764 | |||
| Treynor Ratio | 0.4494 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Greystone Logistics' 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.
Greystone Logistics Backtested Returns
We consider Greystone Logistics dangerous. Greystone Logistics holds Efficiency (Sharpe) Ratio of 0.0216, which attests that the entity had a 0.0216% return per unit of risk over the last 3 months. We have found thirty technical indicators for Greystone Logistics, which you can use to evaluate the volatility of the firm. Please check out Greystone Logistics' Downside Deviation of 4.2, risk adjusted performance of 0.0705, and Market Risk Adjusted Performance of 0.4594 to validate if the risk estimate we provide is consistent with the expected return of 0.0796%. Greystone Logistics has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.82, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Greystone Logistics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Greystone Logistics is expected to be smaller as well. Greystone Logistics right now retains a risk of 3.69%. Please check out Greystone Logistics downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Greystone Logistics will be following its current trending patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Greystone Logistics has virtually no predictability. Overlapping area represents the amount of predictability between Greystone Logistics time series from 18th of February 2024 to 19th of March 2024 and 19th of March 2024 to 18th of April 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 Greystone Logistics price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Greystone Logistics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Greystone Logistics lagged returns against current returns
Autocorrelation, which is Greystone Logistics 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 Greystone Logistics' otc stock expected returns. We can calculate the autocorrelation of Greystone Logistics returns to help us make a trade decision. For example, suppose you find that Greystone Logistics 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 |
Greystone Logistics 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 Greystone Logistics otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greystone Logistics otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greystone Logistics otc stock over time.
Current vs Lagged Prices |
| Timeline |
Greystone Logistics Lagged Returns
When evaluating Greystone Logistics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greystone Logistics otc stock have on its future price. Greystone Logistics 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, Greystone Logistics autocorrelation shows the relationship between Greystone Logistics otc stock current value and its past values and can show if there is a momentum factor associated with investing in Greystone Logistics.
Regressed Prices |
| Timeline |
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Complementary Tools for Greystone OTC Stock analysis
When running Greystone Logistics' price analysis, check to measure Greystone Logistics' 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 Greystone Logistics is operating at the current time. Most of Greystone Logistics' value examination focuses on studying past and present price action to predict the probability of Greystone Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greystone Logistics' price. Additionally, you may evaluate how the addition of Greystone Logistics to your portfolios can decrease your overall portfolio volatility.
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Greystone Logistics technical otc 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, otc market cycles, or different charting patterns.