Medical Marijuana Profile

0.05
0.01  25.00%

Medical Marijuana Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Medical Marijuana will likely underperform.
One Month Beta |Analyze Medical Marijuana Demand Trend
Check current 30 days Medical Marijuana correlation with market (NYSE)
β = 2.6449
Medical Marijuana Large BetaMedical Marijuana Beta Legend

Medical Marijuana Risk Profiles

Key Fundamentals

Medical Marijuana Against Markets

Medical Marijuana correlation with market

Modest diversification
Overlapping 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 0.0625 in 30 days

Medical Marijuana Daily Price Distribution

The median price of Medical Marijuana for the period between Thu, Sep 1, 2016 and Sat, Oct 1, 2016 is 0.04 with a coefficient of variation of 11.28. 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.
  The entity Medical Marijuana Inc with a symbol MJNA was delisted from OTC Market. Please use Medical Marijuana Inc with a symbol MJNA from now on.
Medical Marijuana Alerts
Equity Alerts and Improvement Suggestions
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
Opportunities
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Pair Trading
Medical Marijuana Pair Trading Analysis
Correlation analysis and pair trading evaluation for Medical Marijuana and CASINO GUICHARD PERR. 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
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