Decibel Cannabis Stock Performance
| DBCCF Stock | USD 0.04 0.0002 0.44% |
The firm shows a Beta (market volatility) of -0.95, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Decibel Cannabis are expected to decrease slowly. On the other hand, during market turmoil, Decibel Cannabis is expected to outperform it slightly. At this point, Decibel Cannabis has a negative expected return of -0.0076%. Please make sure to confirm Decibel Cannabis' jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if Decibel Cannabis performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Decibel Cannabis has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, Decibel Cannabis is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 3.8 M | |
| Total Cashflows From Investing Activities | -3.2 M |
Decibel |
Decibel Cannabis Relative Risk vs. Return Landscape
If you would invest 5.39 in Decibel Cannabis on September 3, 2024 and sell it today you would lose (0.91) from holding Decibel Cannabis or give up 16.88% of portfolio value over 90 days. Decibel Cannabis is currently producing negative expected returns and takes up 7.7075% volatility of returns over 90 trading days. Put another way, 68% of traded otc stocks are less volatile than Decibel, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Decibel Cannabis Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Decibel Cannabis' investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Decibel Cannabis, and traders can use it to determine the average amount a Decibel Cannabis' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.001
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| Negative Returns | DBCCF |
Estimated Market Risk
| 7.71 actual daily | 68 68% of assets are less volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Decibel Cannabis is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Decibel Cannabis by adding Decibel Cannabis to a well-diversified portfolio.
Decibel Cannabis Fundamentals Growth
Decibel OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Decibel Cannabis, and Decibel Cannabis fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Decibel OTC Stock performance.
| Return On Equity | -0.0133 | |||
| Return On Asset | 0.0212 | |||
| Profit Margin | (0.01) % | |||
| Operating Margin | 0.07 % | |||
| Current Valuation | 59.18 M | |||
| Shares Outstanding | 404 M | |||
| Price To Book | 0.71 X | |||
| Price To Sales | 0.42 X | |||
| Revenue | 52.45 M | |||
| EBITDA | 9.45 M | |||
| Cash And Equivalents | 3.13 M | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 24.06 M | |||
| Debt To Equity | 1.06 % | |||
| Book Value Per Share | 0.12 X | |||
| Cash Flow From Operations | (17.15 M) | |||
| Total Asset | 125.93 M | |||
About Decibel Cannabis Performance
By analyzing Decibel Cannabis' fundamental ratios, stakeholders can gain valuable insights into Decibel Cannabis' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Decibel Cannabis has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Decibel Cannabis has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Decibel Cannabis Company Inc. engages in the cultivation, processing, production, and retail sale of cannabis products in Canada. Decibel Cannabis Company Inc. is headquartered in Calgary, Canada. Decibel Cannabis is traded on OTC Exchange in the United States.Things to note about Decibel Cannabis performance evaluation
Checking the ongoing alerts about Decibel Cannabis for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Decibel Cannabis help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Decibel Cannabis generated a negative expected return over the last 90 days | |
| Decibel Cannabis has high historical volatility and very poor performance | |
| Decibel Cannabis has some characteristics of a very speculative penny stock | |
| Decibel Cannabis has high likelihood to experience some financial distress in the next 2 years | |
| Decibel Cannabis has accumulated about 3.13 M in cash with (17.15 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
- Analyzing Decibel Cannabis' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Decibel Cannabis' stock is overvalued or undervalued compared to its peers.
- Examining Decibel Cannabis' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Decibel Cannabis' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Decibel Cannabis' management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Decibel Cannabis' otc stock. These opinions can provide insight into Decibel Cannabis' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Decibel OTC Stock analysis
When running Decibel Cannabis' price analysis, check to measure Decibel Cannabis' 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 Decibel Cannabis is operating at the current time. Most of Decibel Cannabis' value examination focuses on studying past and present price action to predict the probability of Decibel Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Decibel Cannabis' price. Additionally, you may evaluate how the addition of Decibel Cannabis to your portfolios can decrease your overall portfolio volatility.
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