Marijuana Stock Market Value
| MCOA Stock | USD 0.0001 0.0001 50.00% |
| Symbol | Marijuana |
Marijuana '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 Marijuana'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 Marijuana.
| 04/10/2024 |
| 05/10/2024 |
If you would invest 0.00 in Marijuana on April 10, 2024 and sell it all today you would earn a total of 0.00 from holding Marijuana or generate 0.0% return on investment in Marijuana over 30 days. Marijuana is related to or competes with Eco Depot. Marijuana Company of America, Inc., together with its subsidiaries, develops, produces, and distributes cannabis and can... More
Marijuana 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 Marijuana'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 Marijuana upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 52.22 | |||
| Information Ratio | 0.1909 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Marijuana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marijuana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marijuana's standard deviation. In reality, there are many statistical measures that can use Marijuana historical prices to predict the future Marijuana's volatility.| Risk Adjusted Performance | 0.1291 | |||
| Jensen Alpha | 9.14 | |||
| Total Risk Alpha | 3.2 | |||
| Sortino Ratio | 0.1724 | |||
| Treynor Ratio | (12.94) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Marijuana's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Marijuana Backtested Returns
Marijuana is out of control given 3 months investment horizon. Marijuana has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 7.26% are justified by taking the suggested risk. Use Marijuana Downside Deviation of 52.22, risk adjusted performance of 0.1291, and Mean Deviation of 33.06 to evaluate company specific risk that cannot be diversified away. Marijuana holds a performance score of 12 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.7, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Marijuana are expected to decrease at a much lower rate. During the bear market, Marijuana is likely to outperform the market. Use Marijuana expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to analyze future returns on Marijuana.
Auto-correlation | 0.36 |
Below average predictability
Marijuana has below average predictability. Overlapping area represents the amount of predictability between Marijuana time series from 10th of April 2024 to 25th of April 2024 and 25th of April 2024 to 10th of May 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 Marijuana price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Marijuana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Marijuana lagged returns against current returns
Autocorrelation, which is Marijuana 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 Marijuana's pink sheet expected returns. We can calculate the autocorrelation of Marijuana returns to help us make a trade decision. For example, suppose you find that Marijuana 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 |
Marijuana 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 Marijuana pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marijuana pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marijuana pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Marijuana Lagged Returns
When evaluating Marijuana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marijuana pink sheet have on its future price. Marijuana 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, Marijuana autocorrelation shows the relationship between Marijuana pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Marijuana.
Regressed Prices |
| Timeline |
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Complementary Tools for Marijuana Pink Sheet analysis
When running Marijuana's price analysis, check to measure Marijuana'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 Marijuana is operating at the current time. Most of Marijuana's value examination focuses on studying past and present price action to predict the probability of Marijuana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marijuana's price. Additionally, you may evaluate how the addition of Marijuana to your portfolios can decrease your overall portfolio volatility.
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Marijuana technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.