Greenlane Holdings Stock Volatility

GNLN Stock  USD 0.52  0.03  5.45%   
Greenlane Holdings appears to be dangerous, given 3 months investment horizon. Greenlane Holdings holds Efficiency (Sharpe) Ratio of 0.0384, which attests that the entity had a 0.0384% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Greenlane Holdings, which you can use to evaluate the volatility of the firm. Please utilize Greenlane Holdings' Market Risk Adjusted Performance of (2.04), downside deviation of 5.18, and Risk Adjusted Performance of 0.0296 to validate if our risk estimates are consistent with your expectations. Key indicators related to Greenlane Holdings' volatility include:
720 Days Market Risk
Chance Of Distress
720 Days Economic Sensitivity
Greenlane Holdings Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Greenlane daily returns, and it is calculated using variance and standard deviation. We also use Greenlane's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Greenlane Holdings volatility.
  
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Greenlane Holdings can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Greenlane Holdings at lower prices. For example, an investor can purchase Greenlane stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Greenlane Holdings' stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with Greenlane Stock

  0.62JD JD Inc Adr Aggressive PushPairCorr

Moving against Greenlane Stock

  0.56MELI MercadoLibre Financial Report 1st of May 2024 PairCorr
  0.56MNRO Monro Muffler Brake Fiscal Quarter End 31st of March 2024 PairCorr

Greenlane Holdings Market Sensitivity And Downside Risk

Greenlane Holdings' beta coefficient measures the volatility of Greenlane stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Greenlane stock's returns against your selected market. In other words, Greenlane Holdings's beta of -0.0992 provides an investor with an approximation of how much risk Greenlane Holdings stock can potentially add to one of your existing portfolios. Greenlane Holdings exhibits above-average semi-deviation for your current time horizon. Greenlane Holdings is a potential penny stock. Although Greenlane Holdings may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Greenlane Holdings. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Greenlane instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Greenlane Holdings Demand Trend
Check current 90 days Greenlane Holdings correlation with market (NYSE Composite)

Greenlane Beta

    
  -0.0992  
Greenlane standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  5.93  
It is essential to understand the difference between upside risk (as represented by Greenlane Holdings's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Greenlane Holdings' daily returns or price. Since the actual investment returns on holding a position in greenlane stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Greenlane Holdings.

Greenlane Holdings Stock Volatility Analysis

Volatility refers to the frequency at which Greenlane Holdings stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Greenlane Holdings' price changes. Investors will then calculate the volatility of Greenlane Holdings' stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Greenlane Holdings' volatility:

Historical Volatility

This type of stock volatility measures Greenlane Holdings' fluctuations based on previous trends. It's commonly used to predict Greenlane Holdings' future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Greenlane Holdings' current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Greenlane Holdings' to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Greenlane Holdings Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.

Greenlane Holdings Projected Return Density Against Market

Given the investment horizon of 90 days Greenlane Holdings has a beta of -0.0992 . This usually indicates as returns on benchmark increase, returns on holding Greenlane Holdings are expected to decrease at a much lower rate. During the bear market, however, Greenlane Holdings is likely to outperform the market.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Greenlane Holdings or Distributors sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Greenlane Holdings' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Greenlane stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Greenlane Holdings has an alpha of 0.2158, implying that it can generate a 0.22 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Predicted Return Density   
       Returns  
Greenlane Holdings' volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how greenlane stock's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Greenlane Holdings Price Volatility?

Several factors can influence a stock's market volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Greenlane Holdings Stock Risk Measures

Given the investment horizon of 90 days the coefficient of variation of Greenlane Holdings is 2605.98. The daily returns are distributed with a variance of 35.21 and standard deviation of 5.93. The mean deviation of Greenlane Holdings is currently at 4.06. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.56
α
Alpha over NYSE Composite
0.22
β
Beta against NYSE Composite-0.1
σ
Overall volatility
5.93
Ir
Information ratio 0.01

Greenlane Holdings Stock Return Volatility

Greenlane Holdings historical daily return volatility represents how much of Greenlane Holdings stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 5.9337% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 0.573% volatility on return distribution over the 90 days horizon.
 Performance 
       Timeline  

About Greenlane Holdings Volatility

Volatility is a rate at which the price of Greenlane Holdings or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Greenlane Holdings may increase or decrease. In other words, similar to Greenlane's beta indicator, it measures the risk of Greenlane Holdings and helps estimate the fluctuations that may happen in a short period of time. So if prices of Greenlane Holdings fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Last ReportedProjected for 2024
Selling And Marketing Expenses2.5 MM
Greenlane Holdings' stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Greenlane Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Greenlane Holdings' price varies over time.

3 ways to utilize Greenlane Holdings' volatility to invest better

Higher Greenlane Holdings' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Greenlane Holdings stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Greenlane Holdings stock volatility can provide helpful information for making investment decisions in the following ways:
  • Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Greenlane Holdings investment. A higher volatility means higher risk and potentially larger changes in value.
  • Identifying Opportunities: High volatility in Greenlane Holdings' stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
  • Diversification: Understanding how the volatility of Greenlane Holdings' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Remember it's essential to remember that stock volatility is just one of many factors to consider when making investment decisions, and it should be used in conjunction with other fundamental and technical analysis tools.

Greenlane Holdings Investment Opportunity

Greenlane Holdings has a volatility of 5.93 and is 10.4 times more volatile than NYSE Composite. 52 percent of all equities and portfolios are less risky than Greenlane Holdings. You can use Greenlane Holdings to protect your portfolios against small market fluctuations. The stock experiences a very speculative upward sentiment. Check odds of Greenlane Holdings to be traded at $0.494 in 90 days.

Good diversification

The correlation between Greenlane Holdings and NYA is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenlane Holdings and NYA in the same portfolio, assuming nothing else is changed.

Greenlane Holdings Additional Risk Indicators

The analysis of Greenlane Holdings' secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Greenlane Holdings' investment and either accepting that risk or mitigating it. Along with some common measures of Greenlane Holdings stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Greenlane Holdings Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Greenlane Holdings as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Greenlane Holdings' systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Greenlane Holdings' unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Greenlane Holdings.
When determining whether Greenlane Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Greenlane Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Greenlane Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Greenlane Holdings Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Greenlane Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
To learn how to invest in Greenlane Stock, please use our How to Invest in Greenlane Holdings guide.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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When running Greenlane Holdings' price analysis, check to measure Greenlane Holdings' 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 Greenlane Holdings is operating at the current time. Most of Greenlane Holdings' value examination focuses on studying past and present price action to predict the probability of Greenlane Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greenlane Holdings' price. Additionally, you may evaluate how the addition of Greenlane Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Greenlane Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Greenlane Holdings. If investors know Greenlane will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Greenlane Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
114.04
Revenue Per Share
30.753
Quarterly Revenue Growth
(0.59)
Return On Assets
(0.17)
Return On Equity
(0.68)
The market value of Greenlane Holdings is measured differently than its book value, which is the value of Greenlane that is recorded on the company's balance sheet. Investors also form their own opinion of Greenlane Holdings' value that differs from its market value or its book value, called intrinsic value, which is Greenlane Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Greenlane Holdings' market value can be influenced by many factors that don't directly affect Greenlane Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Greenlane Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenlane Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenlane Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.