Im Cannabis Stock Forecast - Simple Exponential Smoothing
| IMCC Stock | USD 1.36 0.02 1.45% |
The Simple Exponential Smoothing forecasted value of Im Cannabis Corp on the next trading day is expected to be 1.36 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.46. IMCC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Im Cannabis stock prices and determine the direction of Im Cannabis Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Im Cannabis' historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time the rsi of Im Cannabis' share price is below 20 . This usually indicates that the stock 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 |
Wall Street Target Price 8.221 | Quarterly Revenue Growth (0) |
Using Im Cannabis hype-based prediction, you can estimate the value of Im Cannabis Corp from the perspective of Im Cannabis response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Im Cannabis Corp on the next trading day is expected to be 1.36 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.46. Im Cannabis after-hype prediction price | USD 1.24 |
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 stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Im Cannabis to cross-verify your projections. Im Cannabis Additional Predictive Modules
Most predictive techniques to examine IMCC price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for IMCC using various technical indicators. When you analyze IMCC 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Im Cannabis Simple Exponential Smoothing Price Forecast For the 24th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Im Cannabis Corp on the next trading day is expected to be 1.36 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.46.Please note that although there have been many attempts to predict IMCC Stock 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 Im Cannabis' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Im Cannabis Stock Forecast Pattern
| Backtest Im Cannabis | Im Cannabis Price Prediction | Buy or Sell Advice |
Im Cannabis Forecasted Value
In the context of forecasting Im Cannabis' Stock 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. Im Cannabis' downside and upside margins for the forecasting period are 0.01 and 9.31, respectively. We have considered Im Cannabis' 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 Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Im Cannabis stock data series using in forecasting. Note that when a statistical model is used to represent Im Cannabis stock, 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 | 113.5608 |
| Bias | Arithmetic mean of the errors | 0.0032 |
| MAD | Mean absolute deviation | 0.0732 |
| MAPE | Mean absolute percentage error | 0.0504 |
| SAE | Sum of the absolute errors | 4.4633 |
Predictive Modules for Im Cannabis
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Im Cannabis Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock 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 Im Cannabis' 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.
Im Cannabis After-Hype Price Prediction Density Analysis
As far as predicting the price of Im Cannabis at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Im Cannabis or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Im Cannabis, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Im Cannabis Estimiated After-Hype Price Volatility
In the context of predicting Im Cannabis' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Im Cannabis' historical news coverage. Im Cannabis' after-hype downside and upside margins for the prediction period are 0.06 and 9.19, respectively. We have considered Im Cannabis' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Im Cannabis is dangerous at this time. Analysis and calculation of next after-hype price of Im Cannabis Corp is based on 3 months time horizon.
Im Cannabis Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Im Cannabis is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Im Cannabis 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 Stock 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 Im Cannabis, 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 |
0.22 | 7.95 | 0.12 | 0.07 | 12 Events / Month | 6 Events / Month | In about 12 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
1.36 | 1.24 | 8.82 |
|
Im Cannabis Hype Timeline
Im Cannabis Corp is currently traded for 1.36. The entity has historical hype elasticity of -0.12, and average elasticity to hype of competition of -0.07. IMCC is forecasted to decline in value after the next headline, with the price expected to drop to 1.24. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next news is expected to be -8.82%, whereas the daily expected return is currently at 0.22%. The volatility of related hype on Im Cannabis is about 2492.16%, with the expected price after the next announcement by competition of 1.29. About 45.0% of the company shares are held by company insiders. The book value of Im Cannabis was currently reported as 0.55. The company recorded a loss per share of 0.49. Im Cannabis Corp last dividend was issued on the 18th of June 2018. The entity had 1:6 split on the 12th of July 2024. Given the investment horizon of 90 days the next forecasted press release will be in about 12 days. Check out Historical Fundamental Analysis of Im Cannabis to cross-verify your projections.Im Cannabis Related Hype Analysis
Having access to credible news sources related to Im Cannabis' direct competition is more important than ever and may enhance your ability to predict Im Cannabis' future price movements. Getting to know how Im Cannabis' 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 Im Cannabis may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| AKAN | Akanda Corp | (1.36) | 8 per month | 0.00 | (0.30) | 8.71 | (19.14) | 61.73 | |
| RDHL | Redhill Biopharma | 0.12 | 8 per month | 4.19 | (0.01) | 9.84 | (6.14) | 46.87 | |
| SHPH | Shuttle Pharmaceuticals | (0.62) | 23 per month | 0.00 | (0.07) | 12.71 | (14.37) | 44.53 | |
| MOVE | Movano Inc | (0.26) | 6 per month | 6.53 | 0.05 | 10.98 | (14.03) | 164.71 | |
| JAGX | Jaguar Animal Health | (0.14) | 8 per month | 0.00 | (0.07) | 9.71 | (16.87) | 125.57 | |
| NDRA | ENDRA Life Sciences | (0.69) | 7 per month | 0.00 | (0.04) | 12.24 | (11.36) | 38.62 | |
| VERO | Venus Concept | (0.06) | 10 per month | 10.26 | 0.08 | 8.14 | (14.29) | 516.97 | |
| GRI | GRI Bio | (0.02) | 3 per month | 0.00 | (0.25) | 11.88 | (12.95) | 76.91 | |
| NAOV | NAOV Old | (0.24) | 7 per month | 0.00 | (0.02) | 10.43 | (9.07) | 93.37 | |
| FLGC | Flora Growth Corp | 0.08 | 11 per month | 0.00 | (0.23) | 8.18 | (12.26) | 30.99 |
Other Forecasting Options for Im Cannabis
For every potential investor in IMCC, whether a beginner or expert, Im Cannabis' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. IMCC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in IMCC. Basic forecasting techniques help filter out the noise by identifying Im Cannabis' price trends.Im Cannabis 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 Im Cannabis stock to make a market-neutral strategy. Peer analysis of Im Cannabis could also be used in its relative valuation, which is a method of valuing Im Cannabis by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Im Cannabis Market Strength Events
Market strength indicators help investors to evaluate how Im Cannabis stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Im Cannabis shares will generate the highest return on investment. By undertsting and applying Im Cannabis stock market strength indicators, traders can identify Im Cannabis Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 3579.78 | |||
| Daily Balance Of Power | (0.12) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 1.4 | |||
| Day Typical Price | 1.39 | |||
| Price Action Indicator | (0.05) | |||
| Period Momentum Indicator | (0.02) |
Im Cannabis Risk Indicators
The analysis of Im Cannabis' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Im Cannabis' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting imcc stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 5.26 | |||
| Standard Deviation | 7.84 | |||
| Variance | 61.44 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Im Cannabis
The number of cover stories for Im Cannabis depends on current market conditions and Im Cannabis' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Im Cannabis 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 Im Cannabis' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Contributor Headline
Latest Perspective From Macroaxis
Im Cannabis Short Properties
Im Cannabis' future price predictability will typically decrease when Im Cannabis' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Im Cannabis Corp often depends not only on the future outlook of the potential Im Cannabis' 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. Im Cannabis' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.3 M | |
| Cash And Short Term Investments | 863 K |
Check out Historical Fundamental Analysis of Im Cannabis to cross-verify your projections. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Im Cannabis. If investors know IMCC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Im Cannabis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.49) | Revenue Per Share | Quarterly Revenue Growth (0) | Return On Assets | Return On Equity |
The market value of Im Cannabis Corp is measured differently than its book value, which is the value of IMCC that is recorded on the company's balance sheet. Investors also form their own opinion of Im Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Im Cannabis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Im Cannabis' market value can be influenced by many factors that don't directly affect Im Cannabis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Im Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Im Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Im Cannabis' 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.