General Cannabis Corp Stock Market Value
| CANN Stock | USD 0.09 0 2.86% |
| Symbol | General |
General Cannabis '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 General Cannabis' 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 General Cannabis.
| 04/28/2022 |
| 04/17/2024 |
If you would invest 0.00 in General Cannabis on April 28, 2022 and sell it all today you would earn a total of 0.00 from holding General Cannabis Corp or generate 0.0% return on investment in General Cannabis over 720 days. General Cannabis is related to or competes with Bank Mandiri, Bank Mandiri, PT Bank, Bank Rakyat, Bank Central, PT Bank, and Bank Negara. Trees Corporation provides products and services to the regulated cannabis industry and non-cannabis customers in the Un... More
General Cannabis 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 General Cannabis' 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 General Cannabis Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.3 | |||
| Information Ratio | 0.0591 | |||
| Maximum Drawdown | 42.83 | |||
| Value At Risk | (10.48) | |||
| Potential Upside | 14.16 |
General Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for General Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as General Cannabis' standard deviation. In reality, there are many statistical measures that can use General Cannabis historical prices to predict the future General Cannabis' volatility.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | 0.4427 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0601 | |||
| Treynor Ratio | 0.5307 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of General Cannabis' 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.
General Cannabis Corp Backtested Returns
General Cannabis appears to be out of control, given 3 months investment horizon. General Cannabis Corp holds Efficiency (Sharpe) Ratio of 0.0395, which attests that the entity had a 0.0395% return per unit of risk over the last 3 months. We have found thirty technical indicators for General Cannabis Corp, which you can use to evaluate the volatility of the firm. Please utilize General Cannabis' Risk Adjusted Performance of 0.0513, market risk adjusted performance of 0.5407, and Downside Deviation of 7.3 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, General Cannabis holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of 0.92, which attests to possible diversification benefits within a given portfolio. General Cannabis returns are very sensitive to returns on the market. As the market goes up or down, General Cannabis is expected to follow. Please check General Cannabis' treynor ratio and the relationship between the semi variance and price action indicator , to make a quick decision on whether General Cannabis' current trending patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
General Cannabis Corp has poor predictability. Overlapping area represents the amount of predictability between General Cannabis time series from 28th of April 2022 to 23rd of April 2023 and 23rd of April 2023 to 17th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of General Cannabis Corp price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current General Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
General Cannabis Corp lagged returns against current returns
Autocorrelation, which is General Cannabis 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 General Cannabis' otc stock expected returns. We can calculate the autocorrelation of General Cannabis returns to help us make a trade decision. For example, suppose you find that General Cannabis 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 |
General Cannabis 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 General Cannabis otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if General Cannabis otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in General Cannabis otc stock over time.
Current vs Lagged Prices |
| Timeline |
General Cannabis Lagged Returns
When evaluating General Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of General Cannabis otc stock have on its future price. General Cannabis 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, General Cannabis autocorrelation shows the relationship between General Cannabis otc stock current value and its past values and can show if there is a momentum factor associated with investing in General Cannabis Corp.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards General Cannabis in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, General Cannabis' short interest history, or implied volatility extrapolated from General Cannabis options trading.
Pair Trading with General Cannabis
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if General Cannabis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in General Cannabis will appreciate offsetting losses from the drop in the long position's value.Moving against General OTC Stock
| 0.42 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.41 | MCD | McDonalds Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to General Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace General Cannabis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back General Cannabis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling General Cannabis Corp to buy it.
The correlation of General Cannabis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as General Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if General Cannabis Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for General Cannabis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out General Cannabis Correlation, General Cannabis Volatility and General Cannabis Alpha and Beta module to complement your research on General Cannabis. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for General OTC Stock analysis
When running General Cannabis' price analysis, check to measure General Cannabis' 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 General Cannabis is operating at the current time. Most of General Cannabis' value examination focuses on studying past and present price action to predict the probability of General Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move General Cannabis' price. Additionally, you may evaluate how the addition of General Cannabis to your portfolios can decrease your overall portfolio volatility.
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General Cannabis technical otc stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, otc market cycles, or different charting patterns.