Isracann Biosciences Stock Market Value
Isracann Biosciences' market value is the price at which a share of Isracann Biosciences trades on a public exchange. It measures the collective expectations of Isracann Biosciences investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Isracann Biosciences and determine expected loss or profit from investing in Isracann Biosciences over a given investment horizon. Check out Isracann Biosciences Correlation, Isracann Biosciences Volatility and Isracann Biosciences Alpha and Beta module to complement your research on Isracann Biosciences.
| Symbol | Isracann |
Isracann Biosciences '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 Isracann Biosciences' 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 Isracann Biosciences.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Isracann Biosciences on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Isracann Biosciences or generate 0.0% return on investment in Isracann Biosciences over 30 days. Isracann Biosciences Inc., together with its subsidiaries, cultivates and distributes medical cannabis in Israel More
Isracann Biosciences 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 Isracann Biosciences' 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 Isracann Biosciences upside and downside potential and time the market with a certain degree of confidence.
Isracann Biosciences Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Isracann Biosciences' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Isracann Biosciences' standard deviation. In reality, there are many statistical measures that can use Isracann Biosciences historical prices to predict the future Isracann Biosciences' volatility.Isracann Biosciences Backtested Returns
Isracann Biosciences holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Isracann Biosciences exposes zero different technical indicators, which can help you to evaluate volatility embedded in its price movement. 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 Isracann Biosciences are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Isracann Biosciences has no correlation between past and present. Overlapping area represents the amount of predictability between Isracann Biosciences time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Isracann Biosciences price movement. The serial correlation of 0.0 indicates that just 0.0% of current Isracann Biosciences price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Isracann Biosciences lagged returns against current returns
Autocorrelation, which is Isracann Biosciences 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 Isracann Biosciences' pink sheet expected returns. We can calculate the autocorrelation of Isracann Biosciences returns to help us make a trade decision. For example, suppose you find that Isracann Biosciences 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 |
Isracann Biosciences 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 Isracann Biosciences pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Isracann Biosciences pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Isracann Biosciences pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Isracann Biosciences Lagged Returns
When evaluating Isracann Biosciences' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Isracann Biosciences pink sheet have on its future price. Isracann Biosciences 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, Isracann Biosciences autocorrelation shows the relationship between Isracann Biosciences pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Isracann Biosciences.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Isracann Pink Sheet
Isracann Biosciences financial ratios help investors to determine whether Isracann 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 Isracann with respect to the benefits of owning Isracann Biosciences security.