Cannlabs Stock Market Value
| CANL Stock | USD 0.0001 0.00 0.00% |
| Symbol | Cannlabs |
Cannlabs '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 Cannlabs' 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 Cannlabs.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Cannlabs on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Cannlabs or generate 0.0% return on investment in Cannlabs over 30 days. Cannlabs is related to or competes with Bionoid Pharma. CannLabs, Inc. provides cannabis testing laboratory services in the United States More
Cannlabs 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 Cannlabs' 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 Cannlabs upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0045 | |||
| Maximum Drawdown | 150.0 |
Cannlabs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cannlabs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cannlabs' standard deviation. In reality, there are many statistical measures that can use Cannlabs historical prices to predict the future Cannlabs' volatility.| Risk Adjusted Performance | 0.0148 | |||
| Jensen Alpha | 0.1891 | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.05) |
Cannlabs Backtested Returns
Cannlabs is out of control given 3 months investment horizon. Cannlabs secures Sharpe Ratio (or Efficiency) of 0.0812, which signifies that the company had a 0.0812 % return per unit of risk over the last 3 months. We were able to interpolate sixteen different technical indicators, which can help you to evaluate if expected returns of 1.67% are justified by taking the suggested risk. Use Cannlabs Mean Deviation of 6.05, standard deviation of 22.62, and Risk Adjusted Performance of 0.0148 to evaluate company specific risk that cannot be diversified away. Cannlabs holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.42, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cannlabs are expected to decrease by larger amounts. On the other hand, during market turmoil, Cannlabs is expected to outperform it. Use Cannlabs variance, skewness, as well as the relationship between the Skewness and day typical price , to analyze future returns on Cannlabs.
Auto-correlation | 0.00 |
No correlation between past and present
Cannlabs has no correlation between past and present. Overlapping area represents the amount of predictability between Cannlabs time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cannlabs price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cannlabs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cannlabs lagged returns against current returns
Autocorrelation, which is Cannlabs 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 Cannlabs' pink sheet expected returns. We can calculate the autocorrelation of Cannlabs returns to help us make a trade decision. For example, suppose you find that Cannlabs 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 |
Cannlabs 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 Cannlabs pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cannlabs pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cannlabs pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cannlabs Lagged Returns
When evaluating Cannlabs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cannlabs pink sheet have on its future price. Cannlabs 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, Cannlabs autocorrelation shows the relationship between Cannlabs pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cannlabs.
Regressed Prices |
| Timeline |
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Cannlabs financial ratios help investors to determine whether Cannlabs 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 Cannlabs with respect to the benefits of owning Cannlabs security.