Cannabis Strategic Ventures Stock Market Value
| NUGS Stock | USD 0.0001 0.00 0.00% |
| Symbol | Cannabis |
Cannabis Strategic '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 Cannabis Strategic'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 Cannabis Strategic.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Cannabis Strategic on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Cannabis Strategic Ventures or generate 0.0% return on investment in Cannabis Strategic over 360 days. Cannabis Strategic is related to or competes with CbdMD, Evolus, Akanda Corp, Biofrontera, Collegium Pharmaceutical, ANI Pharmaceuticals, and INC Research. Cannabis Strategic Ventures engages in the cultivation of marijuana products in the United States More
Cannabis Strategic 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 Cannabis Strategic'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 Cannabis Strategic Ventures upside and downside potential and time the market with a certain degree of confidence.
Cannabis Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cannabis Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cannabis Strategic's standard deviation. In reality, there are many statistical measures that can use Cannabis Strategic historical prices to predict the future Cannabis Strategic's volatility.Cannabis Strategic Backtested Returns
Cannabis Strategic secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28% return per unit of risk over the last 3 months. We were able to analyze and collect data for three different technical indicators, which can help you to evaluate if expected returns of 84.38% are justified by taking the suggested risk. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Cannabis Strategic are completely uncorrelated.
Auto-correlation | -0.09 |
Very weak reverse predictability
Cannabis Strategic Ventures has very weak reverse predictability. Overlapping area represents the amount of predictability between Cannabis Strategic time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Cannabis Strategic price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Cannabis Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cannabis Strategic lagged returns against current returns
Autocorrelation, which is Cannabis Strategic 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 Cannabis Strategic's pink sheet expected returns. We can calculate the autocorrelation of Cannabis Strategic returns to help us make a trade decision. For example, suppose you find that Cannabis Strategic 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 |
Cannabis Strategic 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 Cannabis Strategic pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cannabis Strategic pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cannabis Strategic pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cannabis Strategic Lagged Returns
When evaluating Cannabis Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cannabis Strategic pink sheet have on its future price. Cannabis Strategic 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, Cannabis Strategic autocorrelation shows the relationship between Cannabis Strategic pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cannabis Strategic Ventures.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cannabis Pink Sheet Analysis
When running Cannabis Strategic's price analysis, check to measure Cannabis Strategic'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 Cannabis Strategic is operating at the current time. Most of Cannabis Strategic's value examination focuses on studying past and present price action to predict the probability of Cannabis Strategic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannabis Strategic's price. Additionally, you may evaluate how the addition of Cannabis Strategic to your portfolios can decrease your overall portfolio volatility.