THC Biomed's market value is the price at which a share of THC Biomed trades on a public exchange. It measures the collective expectations of THC Biomed Intl investors about its performance. THC Biomed is trading at 0.001 as of the 9th of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.001. With this module, you can estimate the performance of a buy and hold strategy of THC Biomed Intl and determine expected loss or profit from investing in THC Biomed over a given investment horizon. Check out THC Biomed Correlation, THC Biomed Volatility and THC Biomed Alpha and Beta module to complement your research on THC Biomed.
Please note, there is a significant difference between THC Biomed's value and its price as these two are different measures arrived at by different means. Investors typically determine if THC Biomed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, THC Biomed's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
THC Biomed '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 THC Biomed'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 THC Biomed.
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12/10/2024
No Change 0.00
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In 31 days
01/09/2025
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If you would invest 0.00 in THC Biomed on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding THC Biomed Intl or generate 0.0% return on investment in THC Biomed over 30 days. THC Biomed is related to or competes with Earth Science, Im Cannabis, and Medicure. THC Biomed Intl Ltd. produces and sells medical and recreational cannabis in Canada More
THC Biomed 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 THC Biomed'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 THC Biomed Intl upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for THC Biomed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as THC Biomed's standard deviation. In reality, there are many statistical measures that can use THC Biomed historical prices to predict the future THC Biomed's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as THC Biomed. Your research has to be compared to or analyzed against THC Biomed's peers to derive any actionable benefits. When done correctly, THC Biomed's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in THC Biomed Intl.
THC Biomed Intl Backtested Returns
THC Biomed Intl retains Efficiency (Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of volatility over the last 3 months. THC Biomed exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate THC Biomed's risk adjusted performance of (0.09), and Standard Deviation of 12.28 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of -6.13, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning THC Biomed are expected to decrease by larger amounts. On the other hand, during market turmoil, THC Biomed is expected to outperform it. At this point, THC Biomed Intl has a negative expected return of -1.57%. Please make sure to validate THC Biomed's information ratio, as well as the relationship between the skewness and day median price , to decide if THC Biomed Intl performance from the past will be repeated in the future.
Auto-correlation
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No correlation between past and present
THC Biomed Intl has no correlation between past and present. Overlapping area represents the amount of predictability between THC Biomed time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of THC Biomed Intl price movement. The serial correlation of 0.0 indicates that just 0.0% of current THC Biomed price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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THC Biomed Intl lagged returns against current returns
Autocorrelation, which is THC Biomed 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 THC Biomed's pink sheet expected returns. We can calculate the autocorrelation of THC Biomed returns to help us make a trade decision. For example, suppose you find that THC Biomed 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
THC Biomed 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 THC Biomed pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if THC Biomed pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in THC Biomed pink sheet over time.
Current vs Lagged Prices
Timeline
THC Biomed Lagged Returns
When evaluating THC Biomed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of THC Biomed pink sheet have on its future price. THC Biomed 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, THC Biomed autocorrelation shows the relationship between THC Biomed pink sheet current value and its past values and can show if there is a momentum factor associated with investing in THC Biomed Intl.
THC Biomed financial ratios help investors to determine whether THC 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 THC with respect to the benefits of owning THC Biomed security.