Smart Competitors

SCNA Stock  USD 0.0003  0.00  0.00%   
Smart Cannabis Corp competes with ACC Aviation; as well as few others. The company conducts business under Financial Services sector and is part of Shell Companies industry. Analyzing Smart Cannabis competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Smart Cannabis to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Smart Cannabis Correlation with its peers.

Smart Cannabis vs Carefree Correlation

Moving against Smart Pink Sheet

  0.35RIVN Rivian Automotive Earnings Call This WeekPairCorr
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Hype
Prediction
LowEstimatedHigh
0.000.000224.64
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Intrinsic
Valuation
LowRealHigh
0.000.000324.64
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Naive
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LowNextHigh
0.0000050.000224.64
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Bollinger
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LowerMiddle BandUpper
0.00030.00030.0003
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Smart Cannabis Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Smart Cannabis and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of Smart and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Smart Cannabis Corp does not affect the price movement of the other competitor.

High positive correlations

CRFUATYG
ILUSGRLF
CNERBLYQ
GRLFBLYQ
ILUSBLYQ
ILUSGMNI
  

High negative correlations

GRLFCAVG
CNERCAVG
BLYQCAVG
ILUSCAVG
MDCECAVG
GMNICAVG

Risk-Adjusted Indicators

There is a big difference between Smart Pink Sheet performing well and Smart Cannabis Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Smart Cannabis' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CAVG  38.02  17.70  0.00  19.57  0.00 
 0.00 
 1,041 
BLYQ  3.22 (1.93) 0.00 (0.47) 0.00 
 0.00 
 99.92 
CNER  1.51 (0.59) 0.00 (0.46) 0.00 
 0.00 
 19.09 
GMNI  6.81  0.18  0.00 (0.26) 8.60 
 18.75 
 50.00 
LOGQ  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MDCE  9.44  1.26  0.05  1.95  10.29 
 33.33 
 106.67 
GRLF  39.77  18.08  0.43 (0.76) 20.72 
 42.00 
 1,086 
ATYG  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ILUS  10.09  0.53  0.01 (0.86) 13.87 
 50.00 
 100.00 
CRFU  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

Smart Cannabis Competitive Analysis

The better you understand Smart Cannabis competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Smart Cannabis' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Smart Cannabis' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
SCNA CAVG BLYQ CNER GMNI LOGQ MDCE GRLF ATYG ILUS
 0.00 
 0.0003 
Smart
 200.00 
 0.30 
ACC
 0.00 
 0.0001 
Bally
 9.09 
 0.01 
China
 18.75 
 0 
Gemini
 0.00 
 0.49 
Logicquest
 0.00 
 0.0003 
Medical
 5.26 
 0.06 
Green
 0.00 
 0.0001 
Atlas
 33.33 
 0.0002 
Ilustrato
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Performance)
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(Probability Of Bankruptcy)
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(Equity Enterprise Value)
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Day Typical Price
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Market Facilitation Index
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Period Momentum Indicator
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Price Action Indicator
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Jensen Alpha
Total Risk Alpha
Sortino Ratio
Downside Variance
Standard Deviation
Kurtosis
Potential Upside
Treynor Ratio
Maximum Drawdown
Variance
Market Risk Adjusted Performance
Risk Adjusted Performance
Skewness
Semi Deviation
Information Ratio
Value At Risk
Expected Short fall
Downside Deviation
Semi Variance

Smart Cannabis Competition Performance Charts

Five steps to successful analysis of Smart Cannabis Competition

Smart Cannabis' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Smart Cannabis Corp in relation to its competition. Smart Cannabis' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Smart Cannabis in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Smart Cannabis' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Smart Cannabis Corp, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in Smart Pink Sheet

Smart Cannabis financial ratios help investors to determine whether Smart 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 Smart with respect to the benefits of owning Smart Cannabis security.