American Green Stock Market Value
| ERBB Stock | USD 0.0006 0.0002 50.00% |
| Symbol | American |
American Green '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 American Green's pink sheet 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 American Green.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in American Green on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding American Green or generate 0.0% return on investment in American Green over 30 days. American Green is related to or competes with Immutep, Home Federal, Marker Therapeutics, Betterware, Formula Systems, Provident Bancorp, and Mersana Therapeutics. American Green, Inc. operates as a technology company in the medical cannabis industry in the United States More
American Green 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 American Green's pink sheet 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 American Green upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 27.64 | |||
| Information Ratio | 0.1291 | |||
| Maximum Drawdown | 433.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 50.0 |
American Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Green's standard deviation. In reality, there are many statistical measures that can use American Green historical prices to predict the future American Green's volatility.| Risk Adjusted Performance | 0.0905 | |||
| Jensen Alpha | 7.41 | |||
| Total Risk Alpha | 1.92 | |||
| Sortino Ratio | 0.2535 | |||
| Treynor Ratio | (1.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of American Green'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.
American Green Backtested Returns
American Green is out of control given 3 months investment horizon. American Green secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have analyzed twenty-nine different technical indicators, which can help you to evaluate if expected returns of 6.88% are justified by taking the suggested risk. Use American Green mean deviation of 22.33, and Risk Adjusted Performance of 0.0905 to evaluate company specific risk that cannot be diversified away. American Green holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -5.89, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning American Green are expected to decrease by larger amounts. On the other hand, during market turmoil, American Green is expected to outperform it. Use American Green total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to analyze future returns on American Green.
Auto-correlation | 0.15 |
Insignificant predictability
American Green has insignificant predictability. Overlapping area represents the amount of predictability between American Green time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 American Green price movement. The serial correlation of 0.15 indicates that less than 15.0% of current American Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
American Green lagged returns against current returns
Autocorrelation, which is American Green pink sheet'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 American Green's pink sheet expected returns. We can calculate the autocorrelation of American Green returns to help us make a trade decision. For example, suppose you find that American Green has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
American Green 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 American Green pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Green pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Green pink sheet over time.
Current vs Lagged Prices |
| Timeline |
American Green Lagged Returns
When evaluating American Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Green pink sheet have on its future price. American Green 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, American Green autocorrelation shows the relationship between American Green pink sheet current value and its past values and can show if there is a momentum factor associated with investing in American Green.
Regressed Prices |
| Timeline |
Pair Trading with American Green
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 American Green 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 American Green will appreciate offsetting losses from the drop in the long position's value.Moving against American Pink Sheet
| 0.69 | AISP | Airship AI Holdings Symbol Change | PairCorr |
| 0.65 | TEVA | Teva Pharmaceutical | PairCorr |
| 0.6 | MCHB | Mechanics Bank | PairCorr |
| 0.58 | BRK-A | Berkshire Hathaway | PairCorr |
The ability to find closely correlated positions to American Green could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Green 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 American Green - 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 American Green to buy it.
The correlation of American Green 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 American Green moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Green 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 American Green 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.Check out American Green Correlation, American Green Volatility and American Green Alpha and Beta module to complement your research on American Green. Note that the American Green information on this page should be used as a complementary analysis to other American Green's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for American Pink Sheet analysis
When running American Green's price analysis, check to measure American Green's 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 American Green is operating at the current time. Most of American Green's value examination focuses on studying past and present price action to predict the probability of American Green's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Green's price. Additionally, you may evaluate how the addition of American Green to your portfolios can decrease your overall portfolio volatility.
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American Green technical pink sheet 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, pink sheet market cycles, or different charting patterns.