Significant 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 protect against small markets fluctuations. The stock experiences normal downward fluctuation but is a risky buy. Check odds of Medical Marijuana to be traded at 0.0396 in 30 days
Medical Marijuana Daily Price Distribution
The median price of Medical Marijuana for the period between Tue, May 31, 2016 and Thu, Jun 30, 2016 is 0.04 with a coefficient of variation of 11.04. The daily time series for the period is distributed with a sample standard deviation of 0.0, arithmetic mean of 0.04, and mean deviation of 0.0. The Stock did not receive any noticable media coverage during the period.
Medical Marijuana Summary
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.
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 Toyota Motor. 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