Decibel Cannabis Stock Market Value
| DB Stock | CAD 0.07 0.01 6.67% |
| Symbol | Decibel |
Decibel Cannabis Price To Book Ratio
Decibel 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 Decibel Cannabis' stock 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 Decibel Cannabis.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Decibel Cannabis on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Decibel Cannabis or generate 0.0% return on investment in Decibel Cannabis over 30 days. Decibel Cannabis is related to or competes with HLS Therapeutics, Cipher Pharmaceuticals, Medicenna Therapeutics, IShares Canadian, Altagas Cum, European Residential, and RBC Discount. Decibel Cannabis Company Inc. engages in the cultivation, processing, production, and retail sale of cannabis products i... More
Decibel 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 Decibel Cannabis' stock 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 Decibel Cannabis upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.47 | |||
| Information Ratio | 0.1015 | |||
| Maximum Drawdown | 39.08 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 14.29 |
Decibel Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Decibel Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Decibel Cannabis' standard deviation. In reality, there are many statistical measures that can use Decibel Cannabis historical prices to predict the future Decibel Cannabis' volatility.| Risk Adjusted Performance | 0.0971 | |||
| Jensen Alpha | 0.7685 | |||
| Total Risk Alpha | 0.5745 | |||
| Sortino Ratio | 0.0763 | |||
| Treynor Ratio | (0.56) |
Decibel Cannabis Backtested Returns
Decibel Cannabis appears to be out of control, given 3 months investment horizon. Decibel Cannabis secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of standard deviation over the last 3 months. By reviewing Decibel Cannabis' technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please utilize Decibel Cannabis' Mean Deviation of 4.51, downside deviation of 9.47, and Semi Deviation of 4.51 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Decibel Cannabis holds a performance score of 8. The firm shows a Beta (market volatility) of -1.33, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Decibel Cannabis are expected to decrease by larger amounts. On the other hand, during market turmoil, Decibel Cannabis is expected to outperform it. Please check Decibel Cannabis' treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Decibel Cannabis' price patterns will revert.
Auto-correlation | -0.47 |
Modest reverse predictability
Decibel Cannabis has modest reverse predictability. Overlapping area represents the amount of predictability between Decibel Cannabis time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 Decibel Cannabis price movement. The serial correlation of -0.47 indicates that about 47.0% of current Decibel Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Decibel Cannabis lagged returns against current returns
Autocorrelation, which is Decibel Cannabis stock'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 Decibel Cannabis' stock expected returns. We can calculate the autocorrelation of Decibel Cannabis returns to help us make a trade decision. For example, suppose you find that Decibel Cannabis has exhibited high autocorrelation historically, and you observe that the stock 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 |
Decibel 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 Decibel Cannabis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Decibel Cannabis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Decibel Cannabis stock over time.
Current vs Lagged Prices |
| Timeline |
Decibel Cannabis Lagged Returns
When evaluating Decibel Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Decibel Cannabis stock have on its future price. Decibel 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, Decibel Cannabis autocorrelation shows the relationship between Decibel Cannabis stock current value and its past values and can show if there is a momentum factor associated with investing in Decibel Cannabis.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Decibel Stock Analysis
When running Decibel Cannabis' price analysis, check to measure Decibel Cannabis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Decibel Cannabis is operating at the current time. Most of Decibel Cannabis' value examination focuses on studying past and present price action to predict the probability of Decibel Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Decibel Cannabis' price. Additionally, you may evaluate how the addition of Decibel Cannabis to your portfolios can decrease your overall portfolio volatility.