Cann American Corp Stock Market Value
| CNNA Stock | USD 0 0.0001 3.03% |
| Symbol | Cann |
Cann American '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 Cann American'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 Cann American.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in Cann American on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding Cann American Corp or generate 0.0% return on investment in Cann American over 720 days. Cann American Corp., a development stage company, focuses on the development of Cannabis sativa strains for pets in vari... More
Cann American 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 Cann American'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 Cann American Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 17.78 | |||
| Information Ratio | 0.0098 | |||
| Maximum Drawdown | 89.44 | |||
| Value At Risk | (24.00) | |||
| Potential Upside | 20.0 |
Cann American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cann American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cann American's standard deviation. In reality, there are many statistical measures that can use Cann American historical prices to predict the future Cann American's volatility.| Risk Adjusted Performance | 0.024 | |||
| Jensen Alpha | 0.602 | |||
| Total Risk Alpha | (1.80) | |||
| Sortino Ratio | 0.0075 | |||
| Treynor Ratio | (0.08) |
Cann American Corp Backtested Returns
Cann American appears to be out of control, given 3 months investment horizon. Cann American Corp secures Sharpe Ratio (or Efficiency) of 0.0419, which signifies that the company had a 0.0419% return per unit of risk over the last 3 months. By analyzing Cann American's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please makes use of Cann American's Risk Adjusted Performance of 0.024, downside deviation of 17.78, and Mean Deviation of 7.0 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cann American holds a performance score of 3. The firm shows a Beta (market volatility) of -3.07, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cann American are expected to decrease by larger amounts. On the other hand, during market turmoil, Cann American is expected to outperform it. Please check Cann American's downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether Cann American's price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Cann American Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Cann American time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th of November 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 Cann American Corp price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Cann American price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cann American Corp lagged returns against current returns
Autocorrelation, which is Cann American 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 Cann American's pink sheet expected returns. We can calculate the autocorrelation of Cann American returns to help us make a trade decision. For example, suppose you find that Cann American 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 |
Cann American 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 Cann American pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cann American pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cann American pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cann American Lagged Returns
When evaluating Cann American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cann American pink sheet have on its future price. Cann American 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, Cann American autocorrelation shows the relationship between Cann American pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cann American Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Cann Pink Sheet
Cann American financial ratios help investors to determine whether Cann 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 Cann with respect to the benefits of owning Cann American security.