Cannapharmarx Stock Price on October 17, 2024
| CPMD Stock | USD 0.01 0.0002 2.56% |
If you're considering investing in CannaPharmaRx Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of CannaPharmaRx stands at 0.01, as last reported on the 12th of December 2024, with the highest price reaching 0.01 and the lowest price hitting 0.01 during the day. CannaPharmaRx is out of control given 3 months investment horizon. CannaPharmaRx secures Sharpe Ratio (or Efficiency) of 0.0897, which signifies that the company had a 0.0897% return per unit of risk over the last 3 months. We have collected data for thirty different technical indicators, which can help you to evaluate if expected returns of 2.58% are justified by taking the suggested risk. Use CannaPharmaRx Mean Deviation of 13.56, downside deviation of 18.88, and Risk Adjusted Performance of 0.0721 to evaluate company specific risk that cannot be diversified away.
CannaPharmaRx Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
CannaPharmaRx |
Sharpe Ratio = 0.0897
| Best Portfolio | Best Equity | |||
| Good Returns | CPMD | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 28.76 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.58 actual daily | 51 51% of assets have lower returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average CannaPharmaRx is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CannaPharmaRx by adding it to a well-diversified portfolio.
CannaPharmaRx Valuation on October 17, 2024
It is possible to determine the worth of CannaPharmaRx on a given historical date. On October 17, 2024 CannaPharmaRx was worth 0.011 at the beginning of the trading date compared to the closed value of 0.011. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CannaPharmaRx pink sheet. Still, in general, we apply an absolute valuation method to find CannaPharmaRx's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CannaPharmaRx where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CannaPharmaRx's related companies.
| Open | High | Low | Close | Volume | |
| 0.01 | 0.01 | 0.01 | 0.01 | 26,570 | |
10/17/2024 | 0.01 | 0.01 | 0.01 | 0.01 | 129,700 |
| 0.01 | 0.01 | 0.01 | 0.01 | 105,000 |
| Backtest CannaPharmaRx | | | CannaPharmaRx History | | | CannaPharmaRx Valuation | Previous | Next |
CannaPharmaRx Trading Date Momentum on October 17, 2024
| On October 18 2024 CannaPharmaRx was traded for 0.01 at the closing time. The top price for the day was 0.01 and the lowest listed price was 0.01 . The trading volume for the day was 105 K. The trading history from October 18, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 10.91% . The overall trading delta against the current closing price is 18.18% . |
CannaPharmaRx Fundamentals Correlations and Trends
By evaluating CannaPharmaRx's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CannaPharmaRx's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CannaPharmaRx financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CannaPharmaRx Pink Sheet history
CannaPharmaRx investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CannaPharmaRx is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CannaPharmaRx will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CannaPharmaRx stock prices may prove useful in developing a viable investing in CannaPharmaRx
CannaPharmaRX, Inc. operates in the cannabis industry in Canada. The company was incorporated in 1998 and is based in Calgary, Canada. Cannapharmarx operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 4 people.
CannaPharmaRx Pink Sheet Technical Analysis
CannaPharmaRx 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.
Price Boundaries
CannaPharmaRx Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
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CannaPharmaRx December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how CannaPharmaRx pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CannaPharmaRx shares will generate the highest return on investment. By undertsting and applying CannaPharmaRx pink sheet market strength indicators, traders can identify CannaPharmaRx entry and exit signals to maximize returns
CannaPharmaRx Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CannaPharmaRx's price direction in advance. Along with the technical and fundamental analysis of CannaPharmaRx Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of CannaPharmaRx to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0721 | |||
| Jensen Alpha | 2.08 | |||
| Total Risk Alpha | (2.05) | |||
| Sortino Ratio | 0.1226 | |||
| Treynor Ratio | 0.7979 |
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Complementary Tools for CannaPharmaRx Pink Sheet analysis
When running CannaPharmaRx's price analysis, check to measure CannaPharmaRx'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 CannaPharmaRx is operating at the current time. Most of CannaPharmaRx's value examination focuses on studying past and present price action to predict the probability of CannaPharmaRx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CannaPharmaRx's price. Additionally, you may evaluate how the addition of CannaPharmaRx to your portfolios can decrease your overall portfolio volatility.
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