Hempfusion Wellness Stock Market Value
| CBDHF Stock | USD 0.0001 0.00 0.00% |
| Symbol | Hempfusion |
Hempfusion Wellness '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 Hempfusion Wellness' 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 Hempfusion Wellness.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Hempfusion Wellness on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Hempfusion Wellness or generate 0.0% return on investment in Hempfusion Wellness over 30 days. Hempfusion Wellness is related to or competes with C21 Investments, Goodness Growth, and Rubicon Organics. Hempfusion Wellness Inc., a health and wellness supplement company, formulates, markets, and distributes hemp-based natu... More
Hempfusion Wellness 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 Hempfusion Wellness' 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 Hempfusion Wellness upside and downside potential and time the market with a certain degree of confidence.
Hempfusion Wellness Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hempfusion Wellness' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hempfusion Wellness' standard deviation. In reality, there are many statistical measures that can use Hempfusion Wellness historical prices to predict the future Hempfusion Wellness' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hempfusion Wellness' 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.
Hempfusion Wellness Backtested Returns
Hempfusion Wellness is out of control given 3 months investment horizon. Hempfusion Wellness holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have analyze and collected data for four different technical indicators, which can help you to evaluate if expected returns of 14.29% are justified by taking the suggested risk. Use Hempfusion Wellness Day Median Price of 1.0E-4, rate of daily change of 1.0, and Day Typical Price of 1.0E-4 to evaluate company specific risk that cannot be diversified away. Hempfusion Wellness holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Hempfusion Wellness are completely uncorrelated. Use Hempfusion Wellness rate of daily change , to analyze future returns on Hempfusion Wellness.
Auto-correlation | 0.00 |
No correlation between past and present
Hempfusion Wellness has no correlation between past and present. Overlapping area represents the amount of predictability between Hempfusion Wellness 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 Hempfusion Wellness price movement. The serial correlation of 0.0 indicates that just 0.0% of current Hempfusion Wellness 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 |
Hempfusion Wellness lagged returns against current returns
Autocorrelation, which is Hempfusion Wellness 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 Hempfusion Wellness' pink sheet expected returns. We can calculate the autocorrelation of Hempfusion Wellness returns to help us make a trade decision. For example, suppose you find that Hempfusion Wellness 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 |
Hempfusion Wellness 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 Hempfusion Wellness pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hempfusion Wellness pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hempfusion Wellness pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hempfusion Wellness Lagged Returns
When evaluating Hempfusion Wellness' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hempfusion Wellness pink sheet have on its future price. Hempfusion Wellness 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, Hempfusion Wellness autocorrelation shows the relationship between Hempfusion Wellness pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hempfusion Wellness.
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 Hempfusion Wellness 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, Hempfusion Wellness' short interest history, or implied volatility extrapolated from Hempfusion Wellness options trading.
Pair Trading with Hempfusion Wellness
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 Hempfusion Wellness 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 Hempfusion Wellness will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hempfusion Wellness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hempfusion Wellness 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 Hempfusion Wellness - 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 Hempfusion Wellness to buy it.
The correlation of Hempfusion Wellness 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 Hempfusion Wellness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hempfusion Wellness 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 Hempfusion Wellness 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 Hempfusion Wellness Correlation, Hempfusion Wellness Volatility and Hempfusion Wellness Alpha and Beta module to complement your research on Hempfusion Wellness. Note that the Hempfusion Wellness information on this page should be used as a complementary analysis to other Hempfusion Wellness' 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Hempfusion Pink Sheet analysis
When running Hempfusion Wellness' price analysis, check to measure Hempfusion Wellness' 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 Hempfusion Wellness is operating at the current time. Most of Hempfusion Wellness' value examination focuses on studying past and present price action to predict the probability of Hempfusion Wellness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hempfusion Wellness' price. Additionally, you may evaluate how the addition of Hempfusion Wellness to your portfolios can decrease your overall portfolio volatility.
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Hempfusion Wellness 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.