Cannabis Global Stock Probability of Future Pink Sheet Price Finishing Over 8.4E-5
| CBGL Stock | USD 0.0001 0.00 0.00% |
Cannabis |
Cannabis Global Target Price Odds to finish over 8.4E-5
The tendency of Cannabis Pink Sheet price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 0.000084 in 90 days |
| 0.0001 | 90 days | 0.000084 | about 61.69 |
Based on a normal probability distribution, the odds of Cannabis Global to stay above $ 0.000084 in 90 days from now is about 61.69 (This Cannabis Global probability density function shows the probability of Cannabis Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Cannabis Global price to stay between $ 0.000084 and its current price of $1.0E-4 at the end of the 90-day period is about 17.06 .
Given the investment horizon of 90 days Cannabis Global has a beta of -1.82 suggesting as returns on its benchmark rise, returns on holding Cannabis Global are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Cannabis Global is expected to outperform its benchmark. Additionally Cannabis Global has an alpha of 0.9673, implying that it can generate a 0.97 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Cannabis Global Price Density |
| Price |
Predictive Modules for Cannabis Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cannabis Global. 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.Cannabis Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cannabis Global is not an exception. The market had few large corrections towards the Cannabis Global's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Cannabis Global, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cannabis Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.97 | |
β | Beta against Dow Jones | -1.82 | |
σ | Overall volatility | 0.000037 | |
Ir | Information ratio | 0.05 |
Cannabis Global Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Cannabis Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cannabis Global can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cannabis Global is way too risky over 90 days horizon | |
| Cannabis Global has some characteristics of a very speculative penny stock | |
| Cannabis Global appears to be risky and price may revert if volatility continues | |
| Cannabis Global currently holds 672.79 K in liabilities with Debt to Equity (D/E) ratio of 0.56, which is about average as compared to similar companies. Cannabis Global has a current ratio of 0.21, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Cannabis Global until it has trouble settling it off, either with new capital or with free cash flow. So, Cannabis Global's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cannabis Global sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cannabis to invest in growth at high rates of return. When we think about Cannabis Global's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 1.6 M. Net Loss for the year was (7.83 M) with profit before overhead, payroll, taxes, and interest of 184.26 K. | |
| Cannabis Global currently holds about 253.37 K in cash with (1.47 M) of positive cash flow from operations. |
Cannabis Global Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Cannabis Pink Sheet often depends not only on the future outlook of the current and potential Cannabis Global's 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. Cannabis Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 58.3 M | |
| Cash And Short Term Investments | 30.8 K |
Cannabis Global Technical Analysis
Cannabis Global's future price can be derived by breaking down and analyzing its technical indicators over time. Cannabis Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cannabis Global. In general, you should focus on analyzing Cannabis Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Cannabis Global Predictive Forecast Models
Cannabis Global's time-series forecasting models is one of many Cannabis Global's pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Cannabis Global's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the pink sheet market movement and maximize returns from investment trading.
Things to note about Cannabis Global
Checking the ongoing alerts about Cannabis Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cannabis Global help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cannabis Global is way too risky over 90 days horizon | |
| Cannabis Global has some characteristics of a very speculative penny stock | |
| Cannabis Global appears to be risky and price may revert if volatility continues | |
| Cannabis Global currently holds 672.79 K in liabilities with Debt to Equity (D/E) ratio of 0.56, which is about average as compared to similar companies. Cannabis Global has a current ratio of 0.21, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Cannabis Global until it has trouble settling it off, either with new capital or with free cash flow. So, Cannabis Global's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cannabis Global sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cannabis to invest in growth at high rates of return. When we think about Cannabis Global's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 1.6 M. Net Loss for the year was (7.83 M) with profit before overhead, payroll, taxes, and interest of 184.26 K. | |
| Cannabis Global currently holds about 253.37 K in cash with (1.47 M) of positive cash flow from operations. |
Other Information on Investing in Cannabis Pink Sheet
Cannabis Global financial ratios help investors to determine whether Cannabis 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 Cannabis with respect to the benefits of owning Cannabis Global security.