Medican Enterprises Stock Market Value
| MDCN Stock | USD 0.00001 0.00 0.00% |
| Symbol | Medican |
Medican Enterprises '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 Medican Enterprises' pink sheet 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 Medican Enterprises.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Medican Enterprises on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Medican Enterprises or generate 0.0% return on investment in Medican Enterprises over 30 days. Medican Enterprises is related to or competes with Silo Pharma, Protagenic Therapeutics, and Eledon Pharmaceuticals. Medican Enterprises, Inc., a bio-pharmaceutical company, focuses on pursuing business opportunities in the medical and r... More
Medican Enterprises 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 Medican Enterprises' pink sheet 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 Medican Enterprises upside and downside potential and time the market with a certain degree of confidence.
Medican Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medican Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medican Enterprises' standard deviation. In reality, there are many statistical measures that can use Medican Enterprises historical prices to predict the future Medican Enterprises' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medican Enterprises' 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.
Medican Enterprises Backtested Returns
We have found two technical indicators for Medican Enterprises, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Medican Enterprises are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Medican Enterprises has no correlation between past and present. Overlapping area represents the amount of predictability between Medican Enterprises time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Medican Enterprises price movement. The serial correlation of 0.0 indicates that just 0.0% of current Medican Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Medican Enterprises lagged returns against current returns
Autocorrelation, which is Medican Enterprises pink sheet'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 Medican Enterprises' pink sheet expected returns. We can calculate the autocorrelation of Medican Enterprises returns to help us make a trade decision. For example, suppose you find that Medican Enterprises has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Medican Enterprises 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 Medican Enterprises pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medican Enterprises pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medican Enterprises pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Medican Enterprises Lagged Returns
When evaluating Medican Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medican Enterprises pink sheet have on its future price. Medican Enterprises 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, Medican Enterprises autocorrelation shows the relationship between Medican Enterprises pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Medican Enterprises.
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 Medican Enterprises 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, Medican Enterprises' short interest history, or implied volatility extrapolated from Medican Enterprises options trading.
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Try AI Portfolio ArchitectCheck out Medican Enterprises Correlation, Medican Enterprises Volatility and Medican Enterprises Alpha and Beta module to complement your research on Medican Enterprises. Note that the Medican Enterprises information on this page should be used as a complementary analysis to other Medican Enterprises' 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Medican Pink Sheet analysis
When running Medican Enterprises' price analysis, check to measure Medican Enterprises' 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 Medican Enterprises is operating at the current time. Most of Medican Enterprises' value examination focuses on studying past and present price action to predict the probability of Medican Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medican Enterprises' price. Additionally, you may evaluate how the addition of Medican Enterprises to your portfolios can decrease your overall portfolio volatility.
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Medican Enterprises technical pink sheet 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, pink sheet market cycles, or different charting patterns.