Goodness Growth Holdings Stock Market Value
| GDNSF Stock | USD 0.45 0.04 9.76% |
| Symbol | Goodness |
Goodness Growth '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 Goodness Growth's otc stock 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 Goodness Growth.
| 05/14/2023 |
| 05/03/2025 |
If you would invest 0.00 in Goodness Growth on May 14, 2023 and sell it all today you would earn a total of 0.00 from holding Goodness Growth Holdings or generate 0.0% return on investment in Goodness Growth over 720 days. Goodness Growth is related to or competes with Verano Holdings, Ascend Wellness, and AYR Strategies. Goodness Growth Holdings, Inc. operates as a physician-led cannabis company in the United States More
Goodness Growth 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 Goodness Growth's otc stock 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 Goodness Growth Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.44 | |||
| Information Ratio | 0.0162 | |||
| Maximum Drawdown | 32.11 | |||
| Value At Risk | (11.43) | |||
| Potential Upside | 15.15 |
Goodness Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodness Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodness Growth's standard deviation. In reality, there are many statistical measures that can use Goodness Growth historical prices to predict the future Goodness Growth's volatility.| Risk Adjusted Performance | 0.0107 | |||
| Jensen Alpha | 0.0238 | |||
| Total Risk Alpha | 0.5196 | |||
| Sortino Ratio | 0.016 | |||
| Treynor Ratio | 0.0163 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Goodness Growth'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.
Goodness Growth Holdings Backtested Returns
Goodness Growth appears to be out of control, given 3 months investment horizon. Goodness Growth Holdings holds Efficiency (Sharpe) Ratio of 0.0449, which attests that the entity had a 0.0449 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Goodness Growth Holdings, which you can use to evaluate the volatility of the firm. Please utilize Goodness Growth's Market Risk Adjusted Performance of 0.0263, risk adjusted performance of 0.0107, and Downside Deviation of 7.44 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Goodness Growth holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Goodness Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Goodness Growth is expected to be smaller as well. Please check Goodness Growth's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Goodness Growth's current trending patterns will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
Goodness Growth Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Goodness Growth time series from 14th of May 2023 to 8th of May 2024 and 8th of May 2024 to 3rd of May 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Goodness Growth Holdings price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Goodness Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Goodness Growth Holdings lagged returns against current returns
Autocorrelation, which is Goodness Growth otc stock'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 Goodness Growth's otc stock expected returns. We can calculate the autocorrelation of Goodness Growth returns to help us make a trade decision. For example, suppose you find that Goodness Growth has exhibited high autocorrelation historically, and you observe that the otc stock 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 |
Goodness Growth 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 Goodness Growth otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodness Growth otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodness Growth otc stock over time.
Current vs Lagged Prices |
| Timeline |
Goodness Growth Lagged Returns
When evaluating Goodness Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodness Growth otc stock have on its future price. Goodness Growth 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, Goodness Growth autocorrelation shows the relationship between Goodness Growth otc stock current value and its past values and can show if there is a momentum factor associated with investing in Goodness Growth Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
| AMT | American Tower Corp | |
| HLTOY | Hellenic Telecommunications Org | |
| NFLX | Netflix | |
| EPGFX | Europac Gold Fund | |
| FTGFF | Firan Technology Group |
Other Information on Investing in Goodness OTC Stock
Goodness Growth financial ratios help investors to determine whether Goodness OTC Stock 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 Goodness with respect to the benefits of owning Goodness Growth security.