CannTrust Holdings Pink Sheet Forecast - Double Exponential Smoothing
The Double Exponential Smoothing forecasted value of CannTrust Holdings on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. CannTrust Pink Sheet Forecast is based on your current time horizon.
As of today the relative strength index (rsi) of CannTrust Holdings' share price is below 20 suggesting that the pink sheet is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using CannTrust Holdings hype-based prediction, you can estimate the value of CannTrust Holdings from the perspective of CannTrust Holdings response to recently generated media hype and the effects of current headlines on its competitors.
The Double Exponential Smoothing forecasted value of CannTrust Holdings on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. CannTrust Holdings after-hype prediction price | USD 0.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as pink sheet price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
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CannTrust Holdings Additional Predictive Modules
Most predictive techniques to examine CannTrust price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for CannTrust using various technical indicators. When you analyze CannTrust charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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CannTrust Holdings Double Exponential Smoothing Price Forecast For the 23rd of January
Given 90 days horizon, the Double Exponential Smoothing forecasted value of CannTrust Holdings on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict CannTrust Pink Sheet prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that CannTrust Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
CannTrust Holdings Pink Sheet Forecast Pattern
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CannTrust Holdings Forecasted Value
In the context of forecasting CannTrust Holdings' Pink Sheet value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. CannTrust Holdings' downside and upside margins for the forecasting period are 0.00 and 0.00, respectively. We have considered CannTrust Holdings' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of CannTrust Holdings pink sheet data series using in forecasting. Note that when a statistical model is used to represent CannTrust Holdings pink sheet, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for CannTrust Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CannTrust Holdings. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CannTrust Holdings' 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.
CannTrust Holdings Pink Sheet Price Prediction Analysis
Have you ever been surprised when a price of a Company such as CannTrust Holdings is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading CannTrust Holdings backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Pink Sheet price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with CannTrust Holdings, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.00 | 0.00 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | In 5 to 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
0.00 | 0.00 | 0.00 |
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CannTrust Holdings Hype Timeline
CannTrust Holdings is currently traded for 0.00. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. CannTrust is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is currently at 0.0%. %. The volatility of related hype on CannTrust Holdings is about 0.0%, with the expected price after the next announcement by competition of 0.00. The company has price-to-book (P/B) ratio of 0.54. Some equities with similar Price to Book (P/B) outperform the market in the long run. CannTrust Holdings recorded a loss per share of 0.09. The entity had not issued any dividends in recent years. Assuming the 90 days horizon the next anticipated press release will be in 5 to 10 days. Check out Historical Fundamental Analysis of CannTrust Holdings to cross-verify your projections.CannTrust Holdings Related Hype Analysis
Having access to credible news sources related to CannTrust Holdings' direct competition is more important than ever and may enhance your ability to predict CannTrust Holdings' future price movements. Getting to know how CannTrust Holdings' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how CannTrust Holdings may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| MPXOF | MPX International Corp | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| USMJ | North American Cannabis | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SPLM | Sentry Petroleum | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| HCANF | Halo Collective | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| DZCA | DrazCanna | 0.00 | 0 per month | 0.00 | 0.11 | 0.00 | 0.00 | 1,000.00 | |
| AOLS | Aeolus Pharmaceuticl | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| AVTI | Avitar Inc | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| ORHB | ORHub Inc | 0.00 | 0 per month | 0.00 | 0.08 | 100.00 | (50.00) | 150.00 | |
| QBIO | Q BioMed | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SDCCQ | SmileDirectClub | 0.00 | 0 per month | 0.00 | 0.21 | 100.00 | 0.00 | 1,100 |
Other Forecasting Options for CannTrust Holdings
For every potential investor in CannTrust, whether a beginner or expert, CannTrust Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. CannTrust Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in CannTrust. Basic forecasting techniques help filter out the noise by identifying CannTrust Holdings' price trends.CannTrust Holdings Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CannTrust Holdings pink sheet to make a market-neutral strategy. Peer analysis of CannTrust Holdings could also be used in its relative valuation, which is a method of valuing CannTrust Holdings by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Story Coverage note for CannTrust Holdings
The number of cover stories for CannTrust Holdings depends on current market conditions and CannTrust Holdings' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that CannTrust Holdings is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about CannTrust Holdings' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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CannTrust Holdings Short Properties
CannTrust Holdings' future price predictability will typically decrease when CannTrust Holdings' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of CannTrust Holdings often depends not only on the future outlook of the potential CannTrust Holdings' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. CannTrust Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 99.3 M | |
| Cash And Short Term Investments | 72 M |
Additional Tools for CannTrust Pink Sheet Analysis
When running CannTrust Holdings' price analysis, check to measure CannTrust Holdings' 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 CannTrust Holdings is operating at the current time. Most of CannTrust Holdings' value examination focuses on studying past and present price action to predict the probability of CannTrust Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CannTrust Holdings' price. Additionally, you may evaluate how the addition of CannTrust Holdings to your portfolios can decrease your overall portfolio volatility.