Oxford Cannabinoid Technologies Stock Market Value
| OCTHF Stock | USD 0 0.00 0.00% |
| Symbol | Oxford |
Oxford Cannabinoid '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 Oxford Cannabinoid'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 Oxford Cannabinoid.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Oxford Cannabinoid on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding Oxford Cannabinoid Technologies or generate 0.0% return on investment in Oxford Cannabinoid over 570 days. Oxford Cannabinoid is related to or competes with Sino Biopharmaceutica, Defence Therapeutics, Aileron Therapeutics, and Enlivex Therapeutics. Oxford Cannabinoid Technologies Holdings Plc, a pharmaceutical company, engages in the research, development, and commer... More
Oxford Cannabinoid 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 Oxford Cannabinoid'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 Oxford Cannabinoid Technologies upside and downside potential and time the market with a certain degree of confidence.
Oxford Cannabinoid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oxford Cannabinoid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oxford Cannabinoid's standard deviation. In reality, there are many statistical measures that can use Oxford Cannabinoid historical prices to predict the future Oxford Cannabinoid's volatility.Oxford Cannabinoid Backtested Returns
We have found three technical indicators for Oxford Cannabinoid, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Oxford Cannabinoid are completely uncorrelated.
Auto-correlation | 0.04 |
Virtually no predictability
Oxford Cannabinoid Technologies has virtually no predictability. Overlapping area represents the amount of predictability between Oxford Cannabinoid time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 to 13th 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 Oxford Cannabinoid price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Oxford Cannabinoid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Oxford Cannabinoid lagged returns against current returns
Autocorrelation, which is Oxford Cannabinoid 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 Oxford Cannabinoid's pink sheet expected returns. We can calculate the autocorrelation of Oxford Cannabinoid returns to help us make a trade decision. For example, suppose you find that Oxford Cannabinoid 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 |
Oxford Cannabinoid 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 Oxford Cannabinoid pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oxford Cannabinoid pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oxford Cannabinoid pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Oxford Cannabinoid Lagged Returns
When evaluating Oxford Cannabinoid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oxford Cannabinoid pink sheet have on its future price. Oxford Cannabinoid 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, Oxford Cannabinoid autocorrelation shows the relationship between Oxford Cannabinoid pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Oxford Cannabinoid Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Oxford Pink Sheet
Oxford Cannabinoid financial ratios help investors to determine whether Oxford 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 Oxford with respect to the benefits of owning Oxford Cannabinoid security.