Medical Marijuana Inc [MJNA] is a Pink Sheet which is traded between brokers as part of OTC trading. The company currently falls under 'Micro-Cap' category with current market capitalization of 33.4 M. Medical Marijuana Inc has 552.97 M outstanding shares.
Very good diversificationOverlapping area represents amount of risk that can be diversified away by holding Medical Marijuana Inc. and equity matching NYA index in the same portfolio
Medical Marijuana Diversification Suggestion
Use Medical Marijuana to enhance returns of your portfolios. The stock experiences very speculative upward sentiment. The trend is possibly hyped up. Check odds of Medical Marijuana to be traded at 0.15 in 30 days
Medical Marijuana appears to be very risky and stock price may revert if volatility continues
Medical Marijuana has some characteristics of a very speculative penny stock
Medical Marijuana has high likelihood to experience some financial distress in the next 2 years
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Correlation analysis and pair trading evaluation for Medical Marijuana and Federal Home Loan. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return