The company retains a Market Volatility (i.e., Beta) of -0.3188, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning GREENX METALS are expected to decrease at a much lower rate. During the bear market, GREENX METALS is likely to outperform the market. GREENX METALS LTD exposes twenty different technical indicators, which can help you to evaluate its performance. GREENX METALS LTD has an expected return of -0.22%. Please make sure to check out GREENX METALS market risk adjusted performance, coefficient of variation, variance, as well as the relationship between the mean deviation and standard deviation to decide if GREENX METALS LTD performance from the past will be repeated in the future.
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Over the last 90 days GREENX METALS LTD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's primary indicators remain nearly stable which may send shares a bit higher in January 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
GREENX METALS Relative Risk vs. Return LandscapeIf you would invest 58.00 in GREENX METALS LTD on September 7, 2023 and sell it today you would lose (10.00) from holding GREENX METALS LTD or give up 17.24% of portfolio value over 90 days. GREENX METALS LTD is producing return of less than zero assuming 3.9111% volatility of returns over the 90 days investment horizon. Simply put, 34% of all stocks have less volatile historical return distribution than GREENX METALS, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Assuming the 90 days trading horizon GREENX METALS is expected to under-perform the market. In addition to that, the company is 5.02 times more volatile than its market benchmark. It trades about -0.06 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.03 per unit of volatility.
GREENX METALS Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GREENX METALS's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as GREENX METALS LTD, and traders can use it to determine the average amount a GREENX METALS's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
About GREENX METALS Performance
Things to note about GREENX METALS LTD performance evaluationChecking the ongoing alerts about GREENX METALS for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for GREENX METALS LTD help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions. Evaluating GREENX METALS's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate GREENX METALS's stock performance include:
- Analyzing GREENX METALS's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether GREENX METALS's stock is overvalued or undervalued compared to its peers.
- Examining GREENX METALS's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating GREENX METALS's management team can have a significant impact on its success or failure. Reviewing the track record and experience of GREENX METALS's management team can help you assess the company's leadership.
- Pay attention to analyst opinions and ratings of GREENX METALS's stock. These opinions can provide insight into GREENX METALS's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in GREENX METALS LTD. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for GREENX Stock analysis
When running GREENX METALS's price analysis, check to measure GREENX METALS'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 GREENX METALS is operating at the current time. Most of GREENX METALS's value examination focuses on studying past and present price action to predict the probability of GREENX METALS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GREENX METALS's price. Additionally, you may evaluate how the addition of GREENX METALS to your portfolios can decrease your overall portfolio volatility.