Medical Marijuana I Stock Volatility
| MJNA Stock | USD 0 0.0001 4.76% |
Medical Marijuana has Sharpe Ratio of -0.004, which conveys that the firm had a -0.004% return per unit of risk over the last 3 months. Medical Marijuana exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medical Marijuana's Risk Adjusted Performance of (0.0009), mean deviation of 7.35, and Standard Deviation of 14.44 to check out the risk estimate we provide. Key indicators related to Medical Marijuana's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Medical Marijuana Pink Sheet volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Medical daily returns, and it is calculated using variance and standard deviation. We also use Medical's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Medical Marijuana volatility.
Medical |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Medical Marijuana can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Medical Marijuana at lower prices. For example, an investor can purchase Medical stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Medical Marijuana's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.
Moving against Medical Pink Sheet
| 0.84 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.75 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.71 | PG | Procter Gamble Financial Report 26th of July 2024 | PairCorr |
| 0.65 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.63 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.61 | CAT | Caterpillar Earnings Call Tomorrow | PairCorr |
| 0.6 | GE | GE Aerospace Buyout Trend | PairCorr |
| 0.53 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.52 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
Medical Marijuana Market Sensitivity And Downside Risk
Medical Marijuana's beta coefficient measures the volatility of Medical pink sheet compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Medical pink sheet's returns against your selected market. In other words, Medical Marijuana's beta of 3.29 provides an investor with an approximation of how much risk Medical Marijuana pink sheet can potentially add to one of your existing portfolios. Medical Marijuana I is displaying above-average volatility over the selected time horizon. Medical Marijuana I is a penny stock. Even though Medical Marijuana may be a good instrument to invest, many penny pink sheets are speculative instruments that are subject to artificial stock promotions. Please make sure you fully understand upside and downside scenarios of investing in Medical Marijuana I or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings,sudden promotions and many other similar artificial hype indicators. We also encourage traders to check work history of company executives before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Medical instrument if you perfectly time your entry and exit. However, remember that penny pink sheets that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Medical Marijuana Demand TrendCheck current 90 days Medical Marijuana correlation with market (NYSE Composite)Medical Beta |
Medical standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 14.88 |
It is essential to understand the difference between upside risk (as represented by Medical Marijuana's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Medical Marijuana's daily returns or price. Since the actual investment returns on holding a position in medical pink sheet tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Medical Marijuana.
Medical Marijuana Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Medical Marijuana pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Medical Marijuana's price changes. Investors will then calculate the volatility of Medical Marijuana's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Medical Marijuana's volatility:
Historical Volatility
This type of pink sheet volatility measures Medical Marijuana's fluctuations based on previous trends. It's commonly used to predict Medical Marijuana's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Medical Marijuana's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Medical Marijuana's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Medical Marijuana Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Medical Marijuana Projected Return Density Against Market
Given the investment horizon of 90 days the pink sheet has the beta coefficient of 3.2941 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Medical Marijuana will likely underperform.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Medical Marijuana or Health Care Providers & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Medical Marijuana's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Medical pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Medical Marijuana I has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Predicted Return Density |
| Returns |
What Drives a Medical Marijuana Price Volatility?
Several factors can influence a pink sheet's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Medical Marijuana Pink Sheet Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Medical Marijuana is -25251.95. The daily returns are distributed with a variance of 221.33 and standard deviation of 14.88. The mean deviation of Medical Marijuana I is currently at 7.61. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.62
α | Alpha over NYSE Composite | -0.53 | |
β | Beta against NYSE Composite | 3.29 | |
σ | Overall volatility | 14.88 | |
Ir | Information ratio | -0.02 |
Medical Marijuana Pink Sheet Return Volatility
Medical Marijuana historical daily return volatility represents how much of Medical Marijuana pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 14.8771% risk (volatility on return distribution) over the 90 days horizon. By contrast, NYSE Composite accepts 0.6321% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Medical Marijuana Volatility
Volatility is a rate at which the price of Medical Marijuana or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Medical Marijuana may increase or decrease. In other words, similar to Medical's beta indicator, it measures the risk of Medical Marijuana and helps estimate the fluctuations that may happen in a short period of time. So if prices of Medical Marijuana fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.Medical Marijuana, Inc., an investment holding company, operates in the cannabinoid-based nutraceutical industry. Medical Marijuana, Inc. was incorporated in 2005 and is based in San Diego, California. Medical Marijuana operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 91 people.
Medical Marijuana's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Medical Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Medical Marijuana's price varies over time.
3 ways to utilize Medical Marijuana's volatility to invest better
Higher Medical Marijuana's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Medical Marijuana stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Medical Marijuana stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Medical Marijuana investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Medical Marijuana's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Medical Marijuana's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Medical Marijuana Investment Opportunity
Medical Marijuana I has a volatility of 14.88 and is 23.62 times more volatile than NYSE Composite. 96 percent of all equities and portfolios are less risky than Medical Marijuana. You can use Medical Marijuana I to protect your portfolios against small market fluctuations. The pink sheet experiences a very speculative downward sentiment. The market maybe over-reacting. Check odds of Medical Marijuana to be traded at $0.0019 in 90 days.Average diversification
The correlation between Medical Marijuana I and NYA is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medical Marijuana I and NYA in the same portfolio, assuming nothing else is changed.
Medical Marijuana Additional Risk Indicators
The analysis of Medical Marijuana's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Medical Marijuana's investment and either accepting that risk or mitigating it. Along with some common measures of Medical Marijuana pink sheet's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | (0.0009) | |||
| Market Risk Adjusted Performance | (0.07) | |||
| Mean Deviation | 7.35 | |||
| Coefficient Of Variation | (5,939) | |||
| Standard Deviation | 14.44 | |||
| Variance | 208.49 | |||
| Information Ratio | (0.02) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Medical Marijuana Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Medical Marijuana as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Medical Marijuana's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Medical Marijuana's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Medical Marijuana I.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medical Marijuana I. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Medical Pink Sheet analysis
When running Medical Marijuana's price analysis, check to measure Medical Marijuana'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 Medical Marijuana is operating at the current time. Most of Medical Marijuana's value examination focuses on studying past and present price action to predict the probability of Medical Marijuana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medical Marijuana's price. Additionally, you may evaluate how the addition of Medical Marijuana to your portfolios can decrease your overall portfolio volatility.
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