Canna Consumer Goods Stock Market Value
| CBMJ Stock | USD 0.13 0.01 7.14% |
| Symbol | Canna |
Canna Consumer '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 Canna Consumer's 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 Canna Consumer.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Canna Consumer on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Canna Consumer Goods or generate 0.0% return on investment in Canna Consumer over 30 days. Canna Consumer is related to or competes with Cintas, Thomson Reuters, Global Payments, and RB Global. Conservative Broadcast Media Journalism Inc More
Canna Consumer 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 Canna Consumer's 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 Canna Consumer Goods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.04 | |||
| Information Ratio | 0.0476 | |||
| Maximum Drawdown | 53.57 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 27.27 |
Canna Consumer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canna Consumer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canna Consumer's standard deviation. In reality, there are many statistical measures that can use Canna Consumer historical prices to predict the future Canna Consumer's volatility.| Risk Adjusted Performance | 0.0501 | |||
| Jensen Alpha | 0.4673 | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | 0.0399 | |||
| Treynor Ratio | 0.3203 |
Canna Consumer Goods Backtested Returns
Canna Consumer appears to be out of control, given 3 months investment horizon. Canna Consumer Goods secures Sharpe Ratio (or Efficiency) of 0.0664, which signifies that the company had a 0.0664% return per unit of risk over the last 3 months. By analyzing Canna Consumer's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of Canna Consumer's Mean Deviation of 7.82, downside deviation of 14.04, and Risk Adjusted Performance of 0.0501 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Canna Consumer holds a performance score of 5. The firm shows a Beta (market volatility) of 2.03, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Canna Consumer will likely underperform. Please check Canna Consumer's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Canna Consumer's price patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
Canna Consumer Goods has very weak reverse predictability. Overlapping area represents the amount of predictability between Canna Consumer time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Canna Consumer Goods price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Canna Consumer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Canna Consumer Goods lagged returns against current returns
Autocorrelation, which is Canna Consumer 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 Canna Consumer's pink sheet expected returns. We can calculate the autocorrelation of Canna Consumer returns to help us make a trade decision. For example, suppose you find that Canna Consumer 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 |
Canna Consumer 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 Canna Consumer pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canna Consumer pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canna Consumer pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Canna Consumer Lagged Returns
When evaluating Canna Consumer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canna Consumer pink sheet have on its future price. Canna Consumer 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, Canna Consumer autocorrelation shows the relationship between Canna Consumer pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Canna Consumer Goods.
Regressed Prices |
| Timeline |
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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.