Code Green Apparel Stock Market Value
| CGAC Stock | USD 0.0002 0.0001 33.33% |
| Symbol | Code |
Code 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 Code 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 Code Green.
| 03/14/2024 |
| 06/12/2024 |
If you would invest 0.00 in Code Green on March 14, 2024 and sell it all today you would earn a total of 0.00 from holding Code Green Apparel or generate 0.0% return on investment in Code Green over 90 days. Code Green is related to or competes with Superior Uniform, Lakeland Industries, Jerash Holdings, G III, JX Luxventure, Vince Holding, and Oxford Industries. Code Green Apparel Corp. designs, manufactures, and distributes apparel products from eco-friendly and sustainable recyc... More
Code 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 Code 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 Code Green Apparel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 34.41 | |||
| Information Ratio | 0.065 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Code Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Code Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Code Green's standard deviation. In reality, there are many statistical measures that can use Code Green historical prices to predict the future Code Green's volatility.| Risk Adjusted Performance | 0.0503 | |||
| Jensen Alpha | 1.91 | |||
| Total Risk Alpha | 2.21 | |||
| Sortino Ratio | 0.0565 | |||
| Treynor Ratio | (0.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Code 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.
Code Green Apparel Backtested Returns
Code Green is out of control given 3 months investment horizon. Code Green Apparel secures Sharpe Ratio (or Efficiency) of 0.0694, which signifies that the company had a 0.0694% return per unit of standard deviation over the last 3 months. We were able to analyze twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.11% are justified by taking the suggested risk. Use Code Green risk adjusted performance of 0.0503, and Mean Deviation of 20.72 to evaluate company specific risk that cannot be diversified away. Code Green holds a performance score of 5 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -4.09, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Code Green are expected to decrease by larger amounts. On the other hand, during market turmoil, Code Green is expected to outperform it. Use Code Green semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to analyze future returns on Code Green.
Auto-correlation | 0.35 |
Below average predictability
Code Green Apparel has below average predictability. Overlapping area represents the amount of predictability between Code Green time series from 14th of March 2024 to 28th of April 2024 and 28th of April 2024 to 12th of June 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 Code Green Apparel price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Code Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Code Green Apparel lagged returns against current returns
Autocorrelation, which is Code 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 Code Green's pink sheet expected returns. We can calculate the autocorrelation of Code Green returns to help us make a trade decision. For example, suppose you find that Code 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 |
Code 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 Code Green pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Code 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 Code Green pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Code Green Lagged Returns
When evaluating Code Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Code Green pink sheet have on its future price. Code 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, Code Green autocorrelation shows the relationship between Code Green pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Code Green Apparel.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Code Pink Sheet
Code Green financial ratios help investors to determine whether Code Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Code with respect to the benefits of owning Code Green security.