Green Thumb Industries Stock Technical Analysis
| GTBIF Stock | USD 12.01 0.36 2.91% |
As of the 23rd of April, Green Thumb retains the Market Risk Adjusted Performance of 0.02, risk adjusted performance of 0.0134, and Downside Deviation of 3.64. Green Thumb technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Green Thumb Industries, which can be compared to its competitors. Please check out Green Thumb Industries coefficient of variation, maximum drawdown, skewness, as well as the relationship between the information ratio and downside variance to decide if Green Thumb is priced fairly, providing market reflects its last-minute price of 12.01 per share. Given that Green Thumb Industries has jensen alpha of (0.15), we strongly advise you to confirm Green Thumb Industries's regular market performance to make sure the company can sustain itself at a future point.
Green Thumb Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Green, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GreenGreen |
Green Thumb 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.
Green Thumb Industries Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Green Thumb Industries volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Green Thumb Industries Trend Analysis
Use this graph to draw trend lines for Green Thumb Industries. You can use it to identify possible trend reversals for Green Thumb as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Green Thumb price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Green Thumb Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Green Thumb Industries applied against its price change over selected period. The best fit line has a slop of 0.0001 , which means Green Thumb Industries will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Green Thumb price change compared to its average price change.About Green Thumb Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Green Thumb Industries on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Green Thumb Industries based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on Green Thumb Industries price pattern first instead of the macroeconomic environment surrounding Green Thumb Industries. By analyzing Green Thumb's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Green Thumb's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Green Thumb specific price patterns or momentum indicators. Please read more on our technical analysis page.
Green Thumb April 23, 2024 Technical Indicators
Most technical analysis of Green help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Green from various momentum indicators to cycle indicators. When you analyze Green charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0134 | |||
| Market Risk Adjusted Performance | 0.02 | |||
| Mean Deviation | 3.02 | |||
| Semi Deviation | 3.59 | |||
| Downside Deviation | 3.64 | |||
| Coefficient Of Variation | 12374.85 | |||
| Standard Deviation | 3.94 | |||
| Variance | 15.53 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.01 | |||
| Maximum Drawdown | 22.65 | |||
| Value At Risk | (5.20) | |||
| Potential Upside | 6.18 | |||
| Downside Variance | 13.24 | |||
| Semi Variance | 12.85 | |||
| Expected Short fall | (3.59) | |||
| Skewness | 0.0257 | |||
| Kurtosis | 0.7935 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Green Thumb Industries. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Green OTC Stock analysis
When running Green Thumb's price analysis, check to measure Green Thumb'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 Green Thumb is operating at the current time. Most of Green Thumb's value examination focuses on studying past and present price action to predict the probability of Green Thumb's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Green Thumb's price. Additionally, you may evaluate how the addition of Green Thumb to your portfolios can decrease your overall portfolio volatility.
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