Trulieve Cannabis Corp Stock Market Value
| TCNNF Stock | USD 11.90 0.30 2.59% |
| Symbol | Trulieve |
Trulieve Cannabis '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 Trulieve Cannabis' otc 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 Trulieve Cannabis.
| 02/14/2024 |
| 05/14/2024 |
If you would invest 0.00 in Trulieve Cannabis on February 14, 2024 and sell it all today you would earn a total of 0.00 from holding Trulieve Cannabis Corp or generate 0.0% return on investment in Trulieve Cannabis over 90 days. Trulieve Cannabis is related to or competes with Green Thumb, Curaleaf Holdings, Cresco Labs, and GrowGeneration Corp. Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical cannabis company More
Trulieve Cannabis 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 Trulieve Cannabis' otc 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 Trulieve Cannabis Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.42 | |||
| Information Ratio | 0.0989 | |||
| Maximum Drawdown | 55.36 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 10.28 |
Trulieve Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trulieve Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trulieve Cannabis' standard deviation. In reality, there are many statistical measures that can use Trulieve Cannabis historical prices to predict the future Trulieve Cannabis' volatility.| Risk Adjusted Performance | 0.0776 | |||
| Jensen Alpha | 0.7986 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1306 | |||
| Treynor Ratio | (3.00) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trulieve Cannabis' 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.
Trulieve Cannabis Corp Backtested Returns
Trulieve Cannabis appears to be moderately volatile, given 3 months investment horizon. Trulieve Cannabis Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. By inspecting Trulieve Cannabis' technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please review Trulieve Cannabis' Semi Deviation of 4.92, risk adjusted performance of 0.0776, and Coefficient Of Variation of 905.08 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Trulieve Cannabis holds a performance score of 8. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Trulieve Cannabis are expected to decrease at a much lower rate. During the bear market, Trulieve Cannabis is likely to outperform the market. Please check Trulieve Cannabis' skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Trulieve Cannabis' existing price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Trulieve Cannabis Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Trulieve Cannabis time series from 14th of February 2024 to 30th of March 2024 and 30th of March 2024 to 14th of May 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 Trulieve Cannabis Corp price movement. The serial correlation of -0.02 indicates that only 2.0% of current Trulieve Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
Trulieve Cannabis Corp lagged returns against current returns
Autocorrelation, which is Trulieve Cannabis otc 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 Trulieve Cannabis' otc stock expected returns. We can calculate the autocorrelation of Trulieve Cannabis returns to help us make a trade decision. For example, suppose you find that Trulieve Cannabis has exhibited high autocorrelation historically, and you observe that the otc 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 |
Trulieve Cannabis 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 Trulieve Cannabis otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trulieve Cannabis otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trulieve Cannabis otc stock over time.
Current vs Lagged Prices |
| Timeline |
Trulieve Cannabis Lagged Returns
When evaluating Trulieve Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trulieve Cannabis otc stock have on its future price. Trulieve Cannabis 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, Trulieve Cannabis autocorrelation shows the relationship between Trulieve Cannabis otc stock current value and its past values and can show if there is a momentum factor associated with investing in Trulieve Cannabis Corp.
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 Trulieve Cannabis 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, Trulieve Cannabis' short interest history, or implied volatility extrapolated from Trulieve Cannabis options trading.
Currently Active Assets on Macroaxis
Check out Trulieve Cannabis Correlation, Trulieve Cannabis Volatility and Trulieve Cannabis Alpha and Beta module to complement your research on Trulieve Cannabis. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Trulieve OTC Stock analysis
When running Trulieve Cannabis' price analysis, check to measure Trulieve Cannabis' 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 Trulieve Cannabis is operating at the current time. Most of Trulieve Cannabis' value examination focuses on studying past and present price action to predict the probability of Trulieve Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trulieve Cannabis' price. Additionally, you may evaluate how the addition of Trulieve Cannabis to your portfolios can decrease your overall portfolio volatility.
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Trulieve Cannabis technical otc 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, otc market cycles, or different charting patterns.