Cannabis Sativa Stock Market Value
| CBDS Stock | USD 0.02 0.0007 3.68% |
| Symbol | Cannabis |
Cannabis Sativa '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 Cannabis Sativa's 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 Cannabis Sativa.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Cannabis Sativa on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Cannabis Sativa or generate 0.0% return on investment in Cannabis Sativa over 30 days. Cannabis Sativa is related to or competes with Sun Life, Roth CH, and Glucose Health. Cannabis Sativa, Inc., through its subsidiaries, primarily provides telemedicine online referral services for customers ... More
Cannabis Sativa 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 Cannabis Sativa's 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 Cannabis Sativa upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.4 | |||
| Information Ratio | 0.0867 | |||
| Maximum Drawdown | 76.84 | |||
| Value At Risk | (20.96) | |||
| Potential Upside | 25.26 |
Cannabis Sativa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cannabis Sativa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cannabis Sativa's standard deviation. In reality, there are many statistical measures that can use Cannabis Sativa historical prices to predict the future Cannabis Sativa's volatility.| Risk Adjusted Performance | 0.0668 | |||
| Jensen Alpha | 1.42 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.0918 | |||
| Treynor Ratio | (0.96) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cannabis Sativa's 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.
Cannabis Sativa Backtested Returns
Cannabis Sativa appears to be out of control, given 3 months investment horizon. Cannabis Sativa secures Sharpe Ratio (or Efficiency) of 0.0699, which signifies that the company had a 0.0699% return per unit of risk over the last 3 months. By analyzing Cannabis Sativa's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please makes use of Cannabis Sativa's Risk Adjusted Performance of 0.0668, downside deviation of 13.4, and Mean Deviation of 9.84 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cannabis Sativa holds a performance score of 5. The firm shows a Beta (market volatility) of -1.37, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cannabis Sativa are expected to decrease by larger amounts. On the other hand, during market turmoil, Cannabis Sativa is expected to outperform it. Please check Cannabis Sativa's treynor ratio and the relationship between the semi variance and period momentum indicator , to make a quick decision on whether Cannabis Sativa's price patterns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Cannabis Sativa has insignificant reverse predictability. Overlapping area represents the amount of predictability between Cannabis Sativa time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Cannabis Sativa price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Cannabis Sativa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cannabis Sativa lagged returns against current returns
Autocorrelation, which is Cannabis Sativa 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 Cannabis Sativa's otc stock expected returns. We can calculate the autocorrelation of Cannabis Sativa returns to help us make a trade decision. For example, suppose you find that Cannabis Sativa 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 |
Cannabis Sativa 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 Cannabis Sativa otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cannabis Sativa otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cannabis Sativa otc stock over time.
Current vs Lagged Prices |
| Timeline |
Cannabis Sativa Lagged Returns
When evaluating Cannabis Sativa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cannabis Sativa otc stock have on its future price. Cannabis Sativa 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, Cannabis Sativa autocorrelation shows the relationship between Cannabis Sativa otc stock current value and its past values and can show if there is a momentum factor associated with investing in Cannabis Sativa.
Regressed Prices |
| Timeline |
Pair Trading with Cannabis Sativa
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 Cannabis Sativa 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 Cannabis Sativa will appreciate offsetting losses from the drop in the long position's value.Moving against Cannabis OTC Stock
| 0.49 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
| 0.47 | PIFMF | PT Indofood Sukses | PairCorr |
| 0.42 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
The ability to find closely correlated positions to Cannabis Sativa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cannabis Sativa 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 Cannabis Sativa - 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 Cannabis Sativa to buy it.
The correlation of Cannabis Sativa 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 Cannabis Sativa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cannabis Sativa 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 Cannabis Sativa 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 Cannabis Sativa Correlation, Cannabis Sativa Volatility and Cannabis Sativa Alpha and Beta module to complement your research on Cannabis Sativa. Note that the Cannabis Sativa information on this page should be used as a complementary analysis to other Cannabis Sativa's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Cannabis OTC Stock analysis
When running Cannabis Sativa's price analysis, check to measure Cannabis Sativa's 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 Cannabis Sativa is operating at the current time. Most of Cannabis Sativa's value examination focuses on studying past and present price action to predict the probability of Cannabis Sativa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannabis Sativa's price. Additionally, you may evaluate how the addition of Cannabis Sativa to your portfolios can decrease your overall portfolio volatility.
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Cannabis Sativa 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.