SUPREME CANNABIS Risk Analysis And Volatility

SPRWF -- USA Stock  

USD 1.03  0.07  6.36%

Macroaxis considers SUPREME CANNABIS to be out of control. SUPREME CANNABIS INC owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0325 which indicates the firm had -0.0325% of return per unit of standard deviation over the last 2 months. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. SUPREME CANNABIS INC exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate SUPREME CANNABIS Risk Adjusted Performance of (0.05) and Coefficient Of Variation of (1,601) to confirm risk estimate we provide.

60 Days Market Risk

Out of control

Chance of Distress in 24 months

Below average

60 Days Economic Sensitivity

Follows market closely
Horizon     30 Days    Login   to change

SUPREME CANNABIS Market Sensitivity

As returns on market increase, SUPREME CANNABIS returns are expected to increase less than the market. However during bear market, the loss on holding SUPREME CANNABIS will be expected to be smaller as well.
2 Months Beta |Analyze SUPREME CANNABIS INC Demand Trend
Check current 30 days SUPREME CANNABIS correlation with market (DOW)
β = 0.7066

SUPREME CANNABIS Central Daily Price Deviation

SUPREME CANNABIS INC Technical Analysis

Transformation
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SUPREME CANNABIS Projected Return Density Against Market

Assuming 30 trading days horizon, SUPREME CANNABIS has beta of 0.7066 . This entails as returns on market go up, SUPREME CANNABIS average returns are expected to increase less than the benchmark. However during bear market, the loss on holding SUPREME CANNABIS INC will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. SUPREME CANNABIS INC is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of SUPREME CANNABIS is -3078.81. The daily returns are destributed with a variance of 20.77 and standard deviation of 4.56. The mean deviation of SUPREME CANNABIS INC is currently at 3.17. For similar time horizon, the selected benchmark (DOW) has volatility of 0.98
α
Alpha over DOW
=0.21
β
Beta against DOW=0.71
σ
Overall volatility
=4.56
Ir
Information ratio =0.04

SUPREME CANNABIS Return Volatility

the firm shows 4.5577% volatility of returns over 30 trading days. the entity inherits 0.9804% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

SUPREME CANNABIS Investment Opportunity

SUPREME CANNABIS INC has a volatility of 4.56 and is 4.65 times more volatile than DOW. 40% of all equities and portfolios are less risky than SUPREME CANNABIS. Compared to the overall equity markets, volatility of historical daily returns of SUPREME CANNABIS INC is lower than 40 (%) of all global equities and portfolios over the last 30 days. Use SUPREME CANNABIS INC to protect your portfolios against small markets fluctuations. The otc stock experiences very speculative downward sentiment. The market maybe over-reacting. Check odds of SUPREME CANNABIS to be traded at $0.9785 in 30 days. . As returns on market increase, SUPREME CANNABIS returns are expected to increase less than the market. However during bear market, the loss on holding SUPREME CANNABIS will be expected to be smaller as well.

SUPREME CANNABIS correlation with market

correlation synergy
Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding SUPREME CANNABIS CO INC and equity matching DJI index in the same portfolio.

SUPREME CANNABIS Current Risk Indicators

SUPREME CANNABIS Suggested Diversification Pairs

Also please take a look at World Market Map. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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