Cannabusiness OTC Stock Volatility

CBGI -  USA Stock  

USD 0.00001  0.00  0.00%

Cannabusiness Group secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had -0.19% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Cannabusiness Group exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Cannabusiness Group mean deviation of 6.62, and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide.

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Cannabusiness OTC Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Cannabusiness daily returns, and it is calculated using variance and standard deviation. We also use Cannabusiness's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Cannabusiness volatility.

360 Days Market Risk

Out of control

Chance of Distress

Quite High

360 Days Economic Sensitivity

Moves completely opposite to the market

Cannabusiness Market Sensitivity And Downside Risk

Cannabusiness' beta coefficient measures the volatility of Cannabusiness otc stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Cannabusiness otc stock's returns against your selected market. In other words, Cannabusiness's beta of -6.94 provides an investor with an approximation of how much risk Cannabusiness otc stock can potentially add to one of your existing portfolios.
Let's try to break down what Cannabusiness's beta means in this case. As returns on the market increase, returns on owning Cannabusiness are expected to decrease by larger amounts. On the other hand, during market turmoil, Cannabusiness is expected to outperform it.
3 Months Beta |Analyze Cannabusiness Group Demand Trend
Check current 90 days Cannabusiness correlation with market (DOW)

Cannabusiness Beta

    
  -6.94  
Cannabusiness standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  16.69  
It is essential to understand the difference between upside risk (as represented by Cannabusiness's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Cannabusiness stock's daily returns or price. Since the actual investment returns on holding a position in Cannabusiness stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Cannabusiness.

Cannabusiness Group OTC Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Cannabusiness Group Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Cannabusiness Projected Return Density Against Market

Given the investment horizon of 90 days Cannabusiness Group has a beta of -6.9362 suggesting as returns on its benchmark rise, returns on holding Cannabusiness Group are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Cannabusiness is expected to outperform its benchmark.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Cannabusiness or Healthcare sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Cannabusiness stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Cannabusiness stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Cannabusiness Group is significantly underperforming DOW.
 Predicted Return Density 
      Returns 

Cannabusiness OTC Stock Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Cannabusiness or Healthcare sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Cannabusiness stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Cannabusiness stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Given the investment horizon of 90 days the coefficient of variation of Cannabusiness is -518.98. The daily returns are distributed with a variance of 278.63 and standard deviation of 16.69. The mean deviation of Cannabusiness Group is currently at 6.9. For similar time horizon, the selected benchmark (DOW) has volatility of 0.73
α
Alpha over DOW
-2.75
β
Beta against DOW-6.94
σ
Overall volatility
16.69
Ir
Information ratio -0.19

Cannabusiness OTC Stock Return Volatility

Cannabusiness historical daily return volatility represents how much Cannabusiness stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The company inherits 16.6923% risk (volatility on return distribution) over the 90 days horizon. By contrast, DOW inherits 0.747% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Cannabusiness Volatility

Volatility is a rate at which the price of Cannabusiness or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Cannabusiness may increase or decrease. In other words, similar to Cannabusiness's beta indicator, it measures the risk of Cannabusiness and helps estimate the fluctuations that may happen in a short period of time. So if prices of Cannabusiness fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The CannaBusiness Group, Inc. operates as a real estate acquisition, leasing, and management company focusing on zoning issues in the United States. The CannaBusiness Group, Inc. was founded in 1985 and is based in Mission Viejo, California. Cannabusiness is traded on OTC Exchange in the United States.

Cannabusiness Investment Opportunity

Cannabusiness Group has a volatility of 16.69 and is 22.25 times more volatile than DOW. 96  of all equities and portfolios are less risky than Cannabusiness. Compared to the overall equity markets, volatility of historical daily returns of Cannabusiness Group is higher than 96 () of all global equities and portfolios over the last 90 days. Use Cannabusiness Group to protect your portfolios against small market fluctuations. The otc stock experiences a normal downward fluctuation but is a risky buy. Check odds of Cannabusiness to be traded at $0.0 in 90 days. . Let's try to break down what Cannabusiness's beta means in this case. As returns on the market increase, returns on owning Cannabusiness are expected to decrease by larger amounts. On the other hand, during market turmoil, Cannabusiness is expected to outperform it.

Very good diversification

The correlation between Cannabusiness Group and DJI is Very good diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cannabusiness Group and DJI in the same portfolio assuming nothing else is changed.

Cannabusiness Additional Risk Indicators

The analysis of Cannabusiness' secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Cannabusiness' investment and either accepting that risk or mitigating it. Along with some common measures of Cannabusiness stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance(0.13)
Market Risk Adjusted Performance0.4541
Mean Deviation6.62
Coefficient Of Variation(531.45)
Standard Deviation16.32
Variance266.23
Information Ratio(0.19)
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Cannabusiness Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Cannabusiness as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Cannabusiness' systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Cannabusiness' unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Cannabusiness Group.
Continue to Trending Equities. 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running Cannabusiness Group 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 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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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 Group underlying business (such as 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 Cannabusiness value 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.