Cann American Corp Stock Market Value
| CNNA Stock | USD 0 0.0001 2.56% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Cann American on December 17, 2024 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 90 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 | 19.76 | |||
| Information Ratio | 0.0907 | |||
| Maximum Drawdown | 147.22 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
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 | 0.0839 | |||
| Jensen Alpha | 1.55 | |||
| Total Risk Alpha | 3.98 | |||
| Sortino Ratio | 0.0868 | |||
| Treynor Ratio | (3.13) |
Cann American Corp Backtested Returns
Cann American is out of control given 3 months investment horizon. Cann American Corp secures Sharpe Ratio (or Efficiency) of 0.0927, which signifies that the company had a 0.0927 % return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.79% are justified by taking the suggested risk. Use Cann American Risk Adjusted Performance of 0.0839, downside deviation of 19.76, and Mean Deviation of 7.94 to evaluate company specific risk that cannot be diversified away. Cann American holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cann American are expected to decrease at a much lower rate. During the bear market, Cann American is likely to outperform the market. Use Cann American downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to analyze future returns on Cann American.
Auto-correlation | 0.11 |
Insignificant predictability
Cann American Corp has insignificant predictability. Overlapping area represents the amount of predictability between Cann American time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Cann American Corp price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Cann American price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.48 | |
| 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.