Medical Marijuana I Stock Probability of Future Pink Sheet Price Finishing Under 0.0259
| MJNA Stock | USD 0 0.0001 5.00% |
Medical |
Medical Marijuana Target Price Odds to finish below 0.0259
The tendency of Medical Pink Sheet price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 0.03 after 90 days |
| 0 | 90 days | 0.03 | close to 99 |
Based on a normal probability distribution, the odds of Medical Marijuana to stay under $ 0.03 after 90 days from now is close to 99 (This Medical Marijuana I probability density function shows the probability of Medical Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Medical Marijuana price to stay between its current price of $ 0 and $ 0.03 at the end of the 90-day period is about 86.62 .
Given the investment horizon of 90 days Medical Marijuana I has a beta of -1.64. This indicates as returns on its benchmark rise, returns on holding Medical Marijuana I are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Medical Marijuana is expected to outperform its benchmark. Additionally Medical Marijuana I has an alpha of 0.0223, implying that it can generate a 0.0223 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Medical Marijuana Price Density |
| Price |
Predictive Modules for Medical Marijuana
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Medical Marijuana. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medical Marijuana'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.
Medical Marijuana Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Medical Marijuana is not an exception. The market had few large corrections towards the Medical Marijuana's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Medical Marijuana I, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Medical Marijuana within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.02 | |
β | Beta against NYSE Composite | -1.64 | |
σ | Overall volatility | 0.0007 | |
Ir | Information ratio | -0.01 |
Medical Marijuana Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Medical Marijuana for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Medical Marijuana can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Medical Marijuana generated a negative expected return over the last 90 days | |
| Medical Marijuana has high historical volatility and very poor performance | |
| Medical Marijuana has some characteristics of a very speculative penny stock |
Medical Marijuana Technical Analysis
Medical Marijuana's future price can be derived by breaking down and analyzing its technical indicators over time. Medical Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Medical Marijuana I. In general, you should focus on analyzing Medical Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Medical Marijuana Predictive Forecast Models
Medical Marijuana's time-series forecasting models is one of many Medical Marijuana's pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Medical Marijuana's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the pink sheet market movement and maximize returns from investment trading.
Things to note about Medical Marijuana
Checking the ongoing alerts about Medical Marijuana for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Medical Marijuana help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Medical Marijuana generated a negative expected return over the last 90 days | |
| Medical Marijuana has high historical volatility and very poor performance | |
| Medical Marijuana has some characteristics of a very speculative penny stock |
Check out Medical Marijuana Backtesting, Medical Marijuana Valuation, Medical Marijuana Correlation, Medical Marijuana Hype Analysis, Medical Marijuana Volatility, Medical Marijuana History as well as Medical Marijuana Performance. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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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