Hemp Inc Stock Market Value
Hemp's market value is the price at which a share of Hemp trades on a public exchange. It measures the collective expectations of Hemp Inc investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Hemp Inc and determine expected loss or profit from investing in Hemp over a given investment horizon. Check out Hemp Correlation, Hemp Volatility and Hemp Alpha and Beta module to complement your research on Hemp.
| Symbol | Hemp |
Hemp '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 Hemp'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 Hemp.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in Hemp on June 12, 2023 and sell it all today you would earn a total of 0.00 from holding Hemp Inc or generate 0.0% return on investment in Hemp over 540 days. Its products include the King of Hemp pre-roll blends, fortified pre-rolls Bubba Kush hemp caviarmoon rocks and diamonds... More
Hemp 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 Hemp'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 Hemp Inc upside and downside potential and time the market with a certain degree of confidence.
Hemp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hemp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hemp's standard deviation. In reality, there are many statistical measures that can use Hemp historical prices to predict the future Hemp's volatility.Hemp Inc Backtested Returns
We have found zero technical indicators for Hemp Inc, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Hemp are completely uncorrelated.
Auto-correlation | 0.27 |
Poor predictability
Hemp Inc has poor predictability. Overlapping area represents the amount of predictability between Hemp time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd 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 Hemp Inc price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Hemp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hemp Inc lagged returns against current returns
Autocorrelation, which is Hemp 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 Hemp's pink sheet expected returns. We can calculate the autocorrelation of Hemp returns to help us make a trade decision. For example, suppose you find that Hemp 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 |
Hemp 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 Hemp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hemp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hemp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hemp Lagged Returns
When evaluating Hemp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hemp pink sheet have on its future price. Hemp 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, Hemp autocorrelation shows the relationship between Hemp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hemp Inc.
Regressed Prices |
| Timeline |
Pair Trading with Hemp
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 Hemp 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 Hemp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hemp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hemp 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 Hemp - 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 Hemp Inc to buy it.
The correlation of Hemp 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 Hemp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hemp Inc 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 Hemp 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.Additional Tools for Hemp Pink Sheet Analysis
When running Hemp's price analysis, check to measure Hemp's 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 Hemp is operating at the current time. Most of Hemp's value examination focuses on studying past and present price action to predict the probability of Hemp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hemp's price. Additionally, you may evaluate how the addition of Hemp to your portfolios can decrease your overall portfolio volatility.