Cordovacann Corp Stock Market Value
| LVRLF Stock | USD 0.07 0.02 32.00% |
| Symbol | CordovaCann |
CordovaCann Corp '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 CordovaCann Corp's otc stock 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 CordovaCann Corp.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in CordovaCann Corp on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding CordovaCann Corp or generate 0.0% return on investment in CordovaCann Corp over 720 days. CordovaCann Corp is related to or competes with Genomma Lab. CordovaCann Corp., a cannabis-focused consumer products company, primarily provides services and investment capital to t... More
CordovaCann Corp 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 CordovaCann Corp's otc stock 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 CordovaCann Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 22.32 | |||
| Information Ratio | 0.0613 | |||
| Maximum Drawdown | 101.04 | |||
| Value At Risk | (30.30) | |||
| Potential Upside | 31.67 |
CordovaCann Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CordovaCann Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CordovaCann Corp's standard deviation. In reality, there are many statistical measures that can use CordovaCann Corp historical prices to predict the future CordovaCann Corp's volatility.| Risk Adjusted Performance | 0.0623 | |||
| Jensen Alpha | 1.63 | |||
| Total Risk Alpha | (1.76) | |||
| Sortino Ratio | 0.0491 | |||
| Treynor Ratio | (0.38) |
CordovaCann Corp Backtested Returns
CordovaCann Corp is out of control given 3 months investment horizon. CordovaCann Corp secures Sharpe Ratio (or Efficiency) of 0.0941, which signifies that the company had a 0.0941% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.69% are justified by taking the suggested risk. Use CordovaCann Corp Downside Deviation of 22.32, mean deviation of 10.58, and Risk Adjusted Performance of 0.0623 to evaluate company specific risk that cannot be diversified away. CordovaCann Corp holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.23, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning CordovaCann Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, CordovaCann Corp is expected to outperform it. Use CordovaCann Corp maximum drawdown and the relationship between the semi variance and price action indicator , to analyze future returns on CordovaCann Corp.
Auto-correlation | 0.29 |
Poor predictability
CordovaCann Corp has poor predictability. Overlapping area represents the amount of predictability between CordovaCann Corp time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 CordovaCann Corp price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current CordovaCann Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CordovaCann Corp lagged returns against current returns
Autocorrelation, which is CordovaCann Corp otc stock'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 CordovaCann Corp's otc stock expected returns. We can calculate the autocorrelation of CordovaCann Corp returns to help us make a trade decision. For example, suppose you find that CordovaCann Corp has exhibited high autocorrelation historically, and you observe that the otc stock 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 |
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CordovaCann Corp 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 CordovaCann Corp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CordovaCann Corp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CordovaCann Corp otc stock over time.
Current vs Lagged Prices |
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CordovaCann Corp Lagged Returns
When evaluating CordovaCann Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CordovaCann Corp otc stock have on its future price. CordovaCann Corp 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, CordovaCann Corp autocorrelation shows the relationship between CordovaCann Corp otc stock current value and its past values and can show if there is a momentum factor associated with investing in CordovaCann Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in CordovaCann OTC Stock
CordovaCann Corp financial ratios help investors to determine whether CordovaCann OTC Stock 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 CordovaCann with respect to the benefits of owning CordovaCann Corp security.