Canna Consumer Goods Stock Probability of Future Pink Sheet Price Finishing Over 11.87
| CBMJ Stock | USD 0.05 0 4.00% |
Canna |
Canna Consumer Target Price Odds to finish over 11.87
The tendency of Canna Pink Sheet price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 11.87 or more in 90 days |
| 0.05 | 90 days | 11.87 | close to zero percent |
Based on a normal probability distribution, the odds of Canna Consumer to move over $ 11.87 or more in 90 days from now is close to zero percent (This Canna Consumer Goods probability density function shows the probability of Canna Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Canna Consumer Goods price to stay between its current price of $ 0.05 and $ 11.87 at the end of the 90-day period is more than 94.0 .
Given the investment horizon of 90 days Canna Consumer has a beta of 0.14 suggesting as returns on the market go up, Canna Consumer average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canna Consumer Goods will be expected to be much smaller as well. Additionally Canna Consumer Goods has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Canna Consumer Price Density |
| Price |
Predictive Modules for Canna Consumer
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canna Consumer Goods. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Canna Consumer Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canna Consumer is not an exception. The market had few large corrections towards the Canna Consumer's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Canna Consumer Goods, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canna Consumer within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.48 | |
β | Beta against Dow Jones | 0.14 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.03 |
Canna Consumer Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Canna Consumer for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canna Consumer Goods can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canna Consumer Goods generated a negative expected return over the last 90 days | |
| Canna Consumer Goods has high historical volatility and very poor performance | |
| Canna Consumer Goods has some characteristics of a very speculative penny stock | |
| Canna Consumer Goods has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 60 K. Net Loss for the year was (121.39 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canna Consumer generates negative cash flow from operations |
Canna Consumer Technical Analysis
Canna Consumer's future price can be derived by breaking down and analyzing its technical indicators over time. Canna Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canna Consumer Goods. In general, you should focus on analyzing Canna Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Canna Consumer Predictive Forecast Models
Canna Consumer's time-series forecasting models is one of many Canna Consumer's pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Canna Consumer's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the pink sheet market movement and maximize returns from investment trading.
Things to note about Canna Consumer Goods
Checking the ongoing alerts about Canna Consumer for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canna Consumer Goods help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canna Consumer Goods generated a negative expected return over the last 90 days | |
| Canna Consumer Goods has high historical volatility and very poor performance | |
| Canna Consumer Goods has some characteristics of a very speculative penny stock | |
| Canna Consumer Goods has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 60 K. Net Loss for the year was (121.39 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canna Consumer generates negative cash flow from operations |
Other Information on Investing in Canna Pink Sheet
Canna Consumer financial ratios help investors to determine whether Canna Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canna with respect to the benefits of owning Canna Consumer security.