Greater Cannabis Stock Market Value
| GCAN Stock | USD 0.0008 0.0001 11.11% |
| Symbol | Greater |
Greater 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 Greater Cannabis' 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 Greater Cannabis.
| 03/01/2023 |
| 02/18/2025 |
If you would invest 0.00 in Greater Cannabis on March 1, 2023 and sell it all today you would earn a total of 0.00 from holding Greater Cannabis or generate 0.0% return on investment in Greater Cannabis over 720 days. Greater Cannabis is related to or competes with MERCK Kommanditgesells, and Merck KGaA. The Greater Cannabis Company, Inc. engages in the development and commercialization of cannabinoid therapeutics More
Greater 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 Greater Cannabis' 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 Greater Cannabis upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.53 | |||
| Information Ratio | 0.1149 | |||
| Maximum Drawdown | 89.29 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Greater Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greater Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greater Cannabis' standard deviation. In reality, there are many statistical measures that can use Greater Cannabis historical prices to predict the future Greater Cannabis' volatility.| Risk Adjusted Performance | 0.0914 | |||
| Jensen Alpha | 1.81 | |||
| Total Risk Alpha | 1.79 | |||
| Sortino Ratio | 0.1165 | |||
| Treynor Ratio | (0.67) |
Greater Cannabis Backtested Returns
Greater Cannabis is out of control given 3 months investment horizon. Greater Cannabis holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14 % return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.19% are justified by taking the suggested risk. Use Greater Cannabis Downside Deviation of 15.53, risk adjusted performance of 0.0914, and Market Risk Adjusted Performance of (0.66) to evaluate company specific risk that cannot be diversified away. Greater Cannabis holds a performance score of 11 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -2.72, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Greater Cannabis are expected to decrease by larger amounts. On the other hand, during market turmoil, Greater Cannabis is expected to outperform it. Use Greater Cannabis information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to analyze future returns on Greater Cannabis.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Greater Cannabis has insignificant reverse predictability. Overlapping area represents the amount of predictability between Greater Cannabis time series from 1st of March 2023 to 24th of February 2024 and 24th of February 2024 to 18th of February 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 Greater Cannabis price movement. The serial correlation of -0.2 indicates that over 20.0% of current Greater Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Greater Cannabis lagged returns against current returns
Autocorrelation, which is Greater Cannabis 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 Greater Cannabis' pink sheet expected returns. We can calculate the autocorrelation of Greater Cannabis returns to help us make a trade decision. For example, suppose you find that Greater Cannabis 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 |
Greater 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 Greater Cannabis pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greater Cannabis pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greater Cannabis pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Greater Cannabis Lagged Returns
When evaluating Greater Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greater Cannabis pink sheet have on its future price. Greater 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, Greater Cannabis autocorrelation shows the relationship between Greater Cannabis pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Greater Cannabis.
Regressed Prices |
| Timeline |
Pair Trading with Greater Cannabis
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Greater Cannabis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Greater Cannabis will appreciate offsetting losses from the drop in the long position's value.Moving against Greater Pink Sheet
| 0.58 | PG | Procter Gamble | PairCorr |
| 0.51 | AA | Alcoa Corp | PairCorr |
| 0.44 | MRK | Merck Company | PairCorr |
| 0.39 | HLN | Haleon plc | PairCorr |
| 0.36 | DD | Dupont De Nemours | PairCorr |
The ability to find closely correlated positions to Greater Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greater Cannabis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Greater Cannabis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Greater Cannabis to buy it.
The correlation of Greater Cannabis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Greater Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greater Cannabis moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Greater Cannabis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Greater Pink Sheet
Greater Cannabis financial ratios help investors to determine whether Greater 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 Greater with respect to the benefits of owning Greater Cannabis security.