Greystone Logistics Stock Volatility
| GLGI Stock | USD 0.99 0.04 4.21% |
Greystone Logistics holds Efficiency (Sharpe) Ratio of -0.0997, which attests that the entity had a -0.0997% return per unit of risk over the last 3 months. Greystone Logistics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Greystone Logistics' Risk Adjusted Performance of (0.08), market risk adjusted performance of (0.73), and Standard Deviation of 4.25 to validate the risk estimate we provide. Key indicators related to Greystone Logistics' volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Greystone Logistics OTC 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 Greystone daily returns, and it is calculated using variance and standard deviation. We also use Greystone's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Greystone Logistics volatility.
Greystone |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Greystone Logistics at lower prices. For example, an investor can purchase Greystone stock that has halved in price over a short period. This will lower their average cost per share, thereby improving the overall portfolio performance when market normalizes.
Moving against Greystone OTC Stock
| 0.69 | ATCOL | Atlas Corp | PairCorr |
| 0.66 | PCTTW | PureCycle Technologies | PairCorr |
| 0.59 | SSNLF | Samsung Electronics | PairCorr |
| 0.57 | PTAIF | PT Astra International | PairCorr |
| 0.52 | PHJMF | PT Hanjaya Mandala | PairCorr |
| 0.4 | GCMGW | GCM Grosvenor | PairCorr |
| 0.39 | PIFMY | Indofood Sukses Makmur | PairCorr |
Greystone Logistics Market Sensitivity And Downside Risk
Greystone Logistics' beta coefficient measures the volatility of Greystone otc 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 Greystone otc stock's returns against your selected market. In other words, Greystone Logistics's beta of 0.69 provides an investor with an approximation of how much risk Greystone Logistics otc stock can potentially add to one of your existing portfolios. Greystone Logistics exhibits very low volatility with skewness of -0.27 and kurtosis of 0.73. Greystone Logistics is a potential penny stock. Although Greystone Logistics may be in fact a good instrument to invest, many penny otc 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 Greystone Logistics. 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 Greystone instrument if you perfectly time your entry and exit. However, remember that penny otcs 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 Greystone Logistics Demand TrendCheck current 90 days Greystone Logistics correlation with market (Dow Jones Industrial)Greystone Beta |
Greystone 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 | 4.35 |
It is essential to understand the difference between upside risk (as represented by Greystone Logistics's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Greystone Logistics' daily returns or price. Since the actual investment returns on holding a position in greystone otc 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 Greystone Logistics.
Greystone Logistics OTC Stock Volatility Analysis
Volatility refers to the frequency at which Greystone Logistics otc price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Greystone Logistics' price changes. Investors will then calculate the volatility of Greystone Logistics' otc stock to predict their future moves. A otc that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A otc stock with relatively stable price changes has low volatility. A highly volatile otc 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 Greystone Logistics' volatility:
Historical Volatility
This type of otc volatility measures Greystone Logistics' fluctuations based on previous trends. It's commonly used to predict Greystone Logistics' future behavior based on its past. However, it cannot conclusively determine the future direction of the otc stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Greystone Logistics' current market price. This means that the otc will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Greystone Logistics' 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. Greystone Logistics 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.
Greystone Logistics Projected Return Density Against Market
Given the investment horizon of 90 days Greystone Logistics has a beta of 0.6861 . This usually indicates as returns on the market go up, Greystone Logistics average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Greystone Logistics will be expected to be much smaller as well.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 Greystone Logistics or Chemicals 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 Greystone Logistics' price will be affected by overall otc 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 Greystone otc'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.
Greystone Logistics has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Predicted Return Density |
| Returns |
What Drives a Greystone Logistics Price Volatility?
Several factors can influence a otc'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.Greystone Logistics OTC Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Greystone Logistics is -1003.18. The daily returns are distributed with a variance of 18.96 and standard deviation of 4.35. The mean deviation of Greystone Logistics is currently at 3.19. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.77
α | Alpha over Dow Jones | -0.61 | |
β | Beta against Dow Jones | 0.69 | |
σ | Overall volatility | 4.35 | |
Ir | Information ratio | -0.16 |
Greystone Logistics OTC Stock Return Volatility
Greystone Logistics historical daily return volatility represents how much of Greystone Logistics otc's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 4.3547% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7554% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Greystone Logistics Volatility
Volatility is a rate at which the price of Greystone Logistics 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 Greystone Logistics may increase or decrease. In other words, similar to Greystone's beta indicator, it measures the risk of Greystone Logistics and helps estimate the fluctuations that may happen in a short period of time. So if prices of Greystone Logistics 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.Greystone Logistics, Inc., through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins. Greystone Logistics, Inc. was incorporated in 1969 and is based in Tulsa, Oklahoma. GREYSTONE LOGISTICS operates under Specialty Chemicals classification in the United States and is traded on OTC Exchange. It employs 202 people.
Greystone Logistics' 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 Greystone OTC Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Greystone Logistics' price varies over time.
3 ways to utilize Greystone Logistics' volatility to invest better
Higher Greystone Logistics' stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Greystone Logistics 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. Greystone Logistics 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 Greystone Logistics investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Greystone Logistics' 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 Greystone Logistics' stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Greystone Logistics Investment Opportunity
Greystone Logistics has a volatility of 4.35 and is 5.72 times more volatile than Dow Jones Industrial. 38 percent of all equities and portfolios are less risky than Greystone Logistics. You can use Greystone Logistics to enhance the returns of your portfolios. The otc stock experiences a very speculative upward sentiment. The trend is possibly hyped up. Check odds of Greystone Logistics to be traded at $1.2375 in 90 days.Average diversification
The correlation between Greystone Logistics and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greystone Logistics and DJI in the same portfolio, assuming nothing else is changed.
Greystone Logistics Additional Risk Indicators
The analysis of Greystone Logistics' 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 Greystone Logistics' investment and either accepting that risk or mitigating it. Along with some common measures of Greystone Logistics otc 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.
| Risk Adjusted Performance | (0.08) | |||
| Market Risk Adjusted Performance | (0.73) | |||
| Mean Deviation | 3.04 | |||
| Coefficient Of Variation | (857.36) | |||
| Standard Deviation | 4.25 | |||
| Variance | 18.05 | |||
| Information Ratio | (0.16) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential otc stocks, we recommend comparing similar otcs with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Greystone Logistics 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 Greystone Logistics 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. Greystone Logistics' 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, Greystone Logistics' 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 Greystone Logistics.
Complementary Tools for Greystone OTC Stock analysis
When running Greystone Logistics' price analysis, check to measure Greystone Logistics' 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 Greystone Logistics is operating at the current time. Most of Greystone Logistics' value examination focuses on studying past and present price action to predict the probability of Greystone Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greystone Logistics' price. Additionally, you may evaluate how the addition of Greystone Logistics to your portfolios can decrease your overall portfolio volatility.
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |