Dancann Pharma As Stock Market Value
| DCPXF Stock | 0.01 0.00 0.00% |
| Symbol | DanCann |
DanCann Pharma '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 DanCann Pharma'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 DanCann Pharma.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in DanCann Pharma on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding DanCann Pharma AS or generate 0.0% return on investment in DanCann Pharma over 30 days.
DanCann Pharma 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 DanCann Pharma'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 DanCann Pharma AS upside and downside potential and time the market with a certain degree of confidence.
DanCann Pharma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DanCann Pharma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DanCann Pharma's standard deviation. In reality, there are many statistical measures that can use DanCann Pharma historical prices to predict the future DanCann Pharma's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DanCann Pharma's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
DanCann Pharma AS Backtested Returns
We have found three technical indicators for DanCann Pharma AS, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and DanCann Pharma are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
DanCann Pharma AS has perfect predictability. Overlapping area represents the amount of predictability between DanCann Pharma time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 DanCann Pharma AS price movement. The serial correlation of 1.0 indicates that 100.0% of current DanCann Pharma price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DanCann Pharma AS lagged returns against current returns
Autocorrelation, which is DanCann Pharma 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 DanCann Pharma's pink sheet expected returns. We can calculate the autocorrelation of DanCann Pharma returns to help us make a trade decision. For example, suppose you find that DanCann Pharma 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 |
DanCann Pharma 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 DanCann Pharma pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DanCann Pharma pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DanCann Pharma pink sheet over time.
Current vs Lagged Prices |
| Timeline |
DanCann Pharma Lagged Returns
When evaluating DanCann Pharma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DanCann Pharma pink sheet have on its future price. DanCann Pharma 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, DanCann Pharma autocorrelation shows the relationship between DanCann Pharma pink sheet current value and its past values and can show if there is a momentum factor associated with investing in DanCann Pharma AS.
Regressed Prices |
| Timeline |