Khiron Life Sciences Stock Market Value
| KHRNF Stock | USD 0.0001 0.00 0.00% |
| Symbol | Khiron |
Khiron Life '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 Khiron Life'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 Khiron Life.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Khiron Life on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Khiron Life Sciences or generate 0.0% return on investment in Khiron Life over 360 days. Khiron Life is related to or competes with Im Cannabis, Biofrontera, Grown Rogue, and RIV Capital. Khiron Life Sciences Corp. operates as an integrated medical and cannabis company in Latin America and Europe More
Khiron Life 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 Khiron Life'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 Khiron Life Sciences upside and downside potential and time the market with a certain degree of confidence.
Khiron Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Khiron Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Khiron Life's standard deviation. In reality, there are many statistical measures that can use Khiron Life historical prices to predict the future Khiron Life's volatility.Khiron Life Sciences Backtested Returns
Khiron Life is out of control given 3 months investment horizon. Khiron Life Sciences has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We were able to interpolate four different technical indicators, which can help you to evaluate if expected returns of 28.57% are justified by taking the suggested risk. Use Khiron Life Sciences rate of daily change of 1.0, and Day Typical Price of 1.0E-4 to evaluate company specific risk that cannot be diversified away. Khiron Life holds a performance score of 12 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Khiron Life are completely uncorrelated. Use Khiron Life Sciences rate of daily change , to analyze future returns on Khiron Life Sciences.
Auto-correlation | -0.32 |
Poor reverse predictability
Khiron Life Sciences has poor reverse predictability. Overlapping area represents the amount of predictability between Khiron Life time series from 18th of December 2023 to 15th of June 2024 and 15th of June 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 Khiron Life Sciences price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Khiron Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Khiron Life Sciences lagged returns against current returns
Autocorrelation, which is Khiron Life 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 Khiron Life's pink sheet expected returns. We can calculate the autocorrelation of Khiron Life returns to help us make a trade decision. For example, suppose you find that Khiron Life 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 |
Khiron Life 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 Khiron Life pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Khiron Life pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Khiron Life pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Khiron Life Lagged Returns
When evaluating Khiron Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Khiron Life pink sheet have on its future price. Khiron Life 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, Khiron Life autocorrelation shows the relationship between Khiron Life pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Khiron Life Sciences.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Khiron Pink Sheet
Khiron Life financial ratios help investors to determine whether Khiron 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 Khiron with respect to the benefits of owning Khiron Life security.