Cannabusiness Group Stock Market Value
Cannabusiness' market value is the price at which a share of Cannabusiness trades on a public exchange. It measures the collective expectations of Cannabusiness Group investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Cannabusiness Group and determine expected loss or profit from investing in Cannabusiness over a given investment horizon. Check out Cannabusiness Correlation, Cannabusiness Volatility and Cannabusiness Alpha and Beta module to complement your research on Cannabusiness.
| Symbol | Cannabusiness |
Is Cannabusiness' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cannabusiness. If investors know Cannabusiness will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cannabusiness listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Cannabusiness Group is measured differently than its book value, which is the value of Cannabusiness that is recorded on the company's balance sheet. Investors also form their own opinion of Cannabusiness' value that differs from its market value or its book value, called intrinsic value, which is Cannabusiness' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cannabusiness' market value can be influenced by many factors that don't directly affect Cannabusiness' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cannabusiness' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cannabusiness is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cannabusiness' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cannabusiness '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 Cannabusiness' stock 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 Cannabusiness.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Cannabusiness on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Cannabusiness Group or generate 0.0% return on investment in Cannabusiness over 30 days. Cannabusiness is related to or competes with Silver Spike, Alkermes Plc, Eagle Pharmaceuticals, and Evotec SE. The CannaBusiness Group, Inc. operates as a real estate acquisition, leasing, and management company focusing on zoning ... More
Cannabusiness 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 Cannabusiness' stock 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 Cannabusiness Group upside and downside potential and time the market with a certain degree of confidence.
Cannabusiness Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cannabusiness' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cannabusiness' standard deviation. In reality, there are many statistical measures that can use Cannabusiness historical prices to predict the future Cannabusiness' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cannabusiness' 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.
Cannabusiness Group Backtested Returns
We have found zero technical indicators for Cannabusiness Group, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Cannabusiness are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Cannabusiness Group has no correlation between past and present. Overlapping area represents the amount of predictability between Cannabusiness time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Cannabusiness Group price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cannabusiness 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 |
Cannabusiness Group lagged returns against current returns
Autocorrelation, which is Cannabusiness stock'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 Cannabusiness' stock expected returns. We can calculate the autocorrelation of Cannabusiness returns to help us make a trade decision. For example, suppose you find that Cannabusiness has exhibited high autocorrelation historically, and you observe that the stock 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 |
Cannabusiness 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 Cannabusiness stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cannabusiness stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cannabusiness stock over time.
Current vs Lagged Prices |
| Timeline |
Cannabusiness Lagged Returns
When evaluating Cannabusiness' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cannabusiness stock have on its future price. Cannabusiness 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, Cannabusiness autocorrelation shows the relationship between Cannabusiness stock current value and its past values and can show if there is a momentum factor associated with investing in Cannabusiness Group.
Regressed Prices |
| Timeline |
Pair Trading with Cannabusiness
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 Cannabusiness 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 Cannabusiness will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cannabusiness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cannabusiness 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 Cannabusiness - 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 Cannabusiness Group to buy it.
The correlation of Cannabusiness 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 Cannabusiness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cannabusiness Group 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 Cannabusiness 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 Cannabusiness Correlation, Cannabusiness Volatility and Cannabusiness Alpha and Beta module to complement your research on Cannabusiness. Note that the Cannabusiness Group information on this page should be used as a complementary analysis to other Cannabusiness' 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Cannabusiness Stock analysis
When running Cannabusiness' price analysis, check to measure Cannabusiness' 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 Cannabusiness is operating at the current time. Most of Cannabusiness' value examination focuses on studying past and present price action to predict the probability of Cannabusiness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannabusiness' price. Additionally, you may evaluate how the addition of Cannabusiness to your portfolios can decrease your overall portfolio volatility.
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Cannabusiness technical stock 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, stock market cycles, or different charting patterns.