Hempstract Stock Market Value
| HPST Stock | USD 0 0.00 0.00% |
| Symbol | Hempstract |
Hempstract '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 Hempstract's 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 Hempstract.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Hempstract on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Hempstract or generate 0.0% return on investment in Hempstract over 720 days. Hempstract, Inc. produces and sells cannabidiol and cannabigerol solutions in the United States More
Hempstract 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 Hempstract's 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 Hempstract upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 40.15 | |||
| Information Ratio | 0.0188 | |||
| Maximum Drawdown | 90.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 33.33 |
Hempstract Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hempstract's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hempstract's standard deviation. In reality, there are many statistical measures that can use Hempstract historical prices to predict the future Hempstract's volatility.| Risk Adjusted Performance | 0.0246 | |||
| Jensen Alpha | 0.0481 | |||
| Total Risk Alpha | (1.70) | |||
| Sortino Ratio | 0.0079 | |||
| Treynor Ratio | 0.0887 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hempstract'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.
Hempstract Backtested Returns
Hempstract is out of control given 3 months investment horizon. Hempstract holds Efficiency (Sharpe) Ratio of 0.0768, which attests that the entity had a 0.0768% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-four different technical indicators, which can help you to evaluate if expected returns of 1.24% are justified by taking the suggested risk. Use Hempstract Market Risk Adjusted Performance of 0.0987, downside deviation of 40.15, and Risk Adjusted Performance of 0.0246 to evaluate company specific risk that cannot be diversified away. Hempstract holds a performance score of 6 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 4.44, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hempstract will likely underperform. Use Hempstract variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness , to analyze future returns on Hempstract.
Auto-correlation | 0.36 |
Below average predictability
Hempstract has below average predictability. Overlapping area represents the amount of predictability between Hempstract time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th 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 Hempstract price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Hempstract price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hempstract lagged returns against current returns
Autocorrelation, which is Hempstract 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 Hempstract's pink sheet expected returns. We can calculate the autocorrelation of Hempstract returns to help us make a trade decision. For example, suppose you find that Hempstract 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 |
Hempstract 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 Hempstract pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hempstract pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hempstract pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hempstract Lagged Returns
When evaluating Hempstract's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hempstract pink sheet have on its future price. Hempstract 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, Hempstract autocorrelation shows the relationship between Hempstract pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hempstract.
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 Hempstract 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, Hempstract's short interest history, or implied volatility extrapolated from Hempstract options trading.
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Complementary Tools for Hempstract Pink Sheet analysis
When running Hempstract's price analysis, check to measure Hempstract'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 Hempstract is operating at the current time. Most of Hempstract's value examination focuses on studying past and present price action to predict the probability of Hempstract's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hempstract's price. Additionally, you may evaluate how the addition of Hempstract to your portfolios can decrease your overall portfolio volatility.
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Hempstract 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.