Trulieve Cannabis Corp Stock Market Value
| TCNNF Stock | USD 6.03 0.10 1.63% |
| Symbol | Trulieve |
Trulieve Cannabis '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 Trulieve Cannabis' 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 Trulieve Cannabis.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Trulieve Cannabis on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Trulieve Cannabis Corp or generate 0.0% return on investment in Trulieve Cannabis over 210 days. Trulieve Cannabis is related to or competes with Green Thumb, Curaleaf Holdings, Cresco Labs, and GrowGeneration Corp. Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical cannabis company More
Trulieve Cannabis 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 Trulieve Cannabis' 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 Trulieve Cannabis Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 53.23 | |||
| Value At Risk | (9.65) | |||
| Potential Upside | 8.05 |
Trulieve Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trulieve Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trulieve Cannabis' standard deviation. In reality, there are many statistical measures that can use Trulieve Cannabis historical prices to predict the future Trulieve Cannabis' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | 0.2699 | |||
| Total Risk Alpha | (1.43) | |||
| Treynor Ratio | 0.0608 |
Trulieve Cannabis Corp Backtested Returns
Trulieve Cannabis Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0558, which indicates the firm had a -0.0558% return per unit of risk over the last 3 months. Trulieve Cannabis Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trulieve Cannabis' Coefficient Of Variation of (3,014), risk adjusted performance of (0.02), and Variance of 50.53 to confirm the risk estimate we provide. The entity has a beta of -4.04, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Trulieve Cannabis are expected to decrease by larger amounts. On the other hand, during market turmoil, Trulieve Cannabis is expected to outperform it. At this point, Trulieve Cannabis Corp has a negative expected return of -0.4%. Please make sure to validate Trulieve Cannabis' value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Trulieve Cannabis Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Trulieve Cannabis Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Trulieve Cannabis time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 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 Trulieve Cannabis Corp price movement. The serial correlation of -0.21 indicates that over 21.0% of current Trulieve Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 5.45 |
Trulieve Cannabis Corp lagged returns against current returns
Autocorrelation, which is Trulieve Cannabis 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 Trulieve Cannabis' otc stock expected returns. We can calculate the autocorrelation of Trulieve Cannabis returns to help us make a trade decision. For example, suppose you find that Trulieve Cannabis 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 |
| Timeline |
Trulieve Cannabis 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 Trulieve Cannabis otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trulieve Cannabis otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trulieve Cannabis otc stock over time.
Current vs Lagged Prices |
| Timeline |
Trulieve Cannabis Lagged Returns
When evaluating Trulieve Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trulieve Cannabis otc stock have on its future price. Trulieve Cannabis 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, Trulieve Cannabis autocorrelation shows the relationship between Trulieve Cannabis otc stock current value and its past values and can show if there is a momentum factor associated with investing in Trulieve Cannabis Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Trulieve OTC Stock
Trulieve Cannabis financial ratios help investors to determine whether Trulieve 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 Trulieve with respect to the benefits of owning Trulieve Cannabis security.