American Cannabis Stock Market Value
| AMMJ Stock | USD 0.0003 0.0001 50.00% |
| Symbol | American |
American 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 American Cannabis' 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 American Cannabis.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in American Cannabis on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding American Cannabis or generate 0.0% return on investment in American Cannabis over 360 days. American Cannabis is related to or competes with Equifax, TransUnion, Booz Allen, and Bureau Veritas. American Cannabis Company, Inc., together with its subsidiary, Hollister Blacksmith, Inc., provides solutions for busine... More
American 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 American Cannabis' 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 American Cannabis upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 52.36 | |||
| Information Ratio | 0.1245 | |||
| Maximum Drawdown | 460.0 | |||
| Value At Risk | (60.00) | |||
| Potential Upside | 100.0 |
American Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Cannabis' standard deviation. In reality, there are many statistical measures that can use American Cannabis historical prices to predict the future American Cannabis' volatility.| Risk Adjusted Performance | 0.1068 | |||
| Jensen Alpha | 8.61 | |||
| Total Risk Alpha | (2.45) | |||
| Sortino Ratio | 0.1445 | |||
| Treynor Ratio | (1.08) |
American Cannabis Backtested Returns
American Cannabis is out of control given 3 months investment horizon. American Cannabis secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We have collected data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 8.73% are justified by taking the suggested risk. Use American Cannabis mean deviation of 28.4, and Risk Adjusted Performance of 0.1068 to evaluate company specific risk that cannot be diversified away. American Cannabis holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -7.14, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning American Cannabis are expected to decrease by larger amounts. On the other hand, during market turmoil, American Cannabis is expected to outperform it. Use American Cannabis coefficient of variation, potential upside, day median price, as well as the relationship between the sortino ratio and skewness , to analyze future returns on American Cannabis.
Auto-correlation | 0.15 |
Insignificant predictability
American Cannabis has insignificant predictability. Overlapping area represents the amount of predictability between American Cannabis time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 American Cannabis price movement. The serial correlation of 0.15 indicates that less than 15.0% of current American Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
American Cannabis lagged returns against current returns
Autocorrelation, which is American Cannabis 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 American Cannabis' pink sheet expected returns. We can calculate the autocorrelation of American Cannabis returns to help us make a trade decision. For example, suppose you find that American Cannabis 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 |
American 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 American Cannabis pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Cannabis pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Cannabis pink sheet over time.
Current vs Lagged Prices |
| Timeline |
American Cannabis Lagged Returns
When evaluating American Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Cannabis pink sheet have on its future price. American 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, American Cannabis autocorrelation shows the relationship between American Cannabis pink sheet current value and its past values and can show if there is a momentum factor associated with investing in American Cannabis.
Regressed Prices |
| Timeline |
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American Cannabis financial ratios help investors to determine whether American 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 American with respect to the benefits of owning American Cannabis security.