Cann American Corp Stock Probability of Future Pink Sheet Price Finishing Under 0.000032
| CNNA Stock | USD 0 0.0001 3.03% |
Cann |
Cann American Target Price Odds to finish below 0.000032
The tendency of Cann 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 drop to $ 0.000032 or more in 90 days |
| 0 | 90 days | 0.000032 | near 1 |
Based on a normal probability distribution, the odds of Cann American to drop to $ 0.000032 or more in 90 days from now is near 1 (This Cann American Corp probability density function shows the probability of Cann Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Cann American Corp price to stay between $ 0.000032 and its current price of $0.0032 at the end of the 90-day period is about 5.94 .
Given the investment horizon of 90 days Cann American Corp has a beta of -3.09 suggesting as returns on its benchmark rise, returns on holding Cann American Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Cann American is expected to outperform its benchmark. Additionally Cann American Corp has an alpha of 0.6421, implying that it can generate a 0.64 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Cann American Price Density |
| Price |
Predictive Modules for Cann American
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cann American Corp. 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.Cann American Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cann American is not an exception. The market had few large corrections towards the Cann American'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 Cann American Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cann American within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.64 | |
β | Beta against Dow Jones | -3.09 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.01 |
Cann American 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 Cann American for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cann American Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cann American Corp is way too risky over 90 days horizon | |
| Cann American Corp has some characteristics of a very speculative penny stock | |
| Cann American Corp appears to be risky and price may revert if volatility continues | |
| Cann American Corp has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 13.23 K. Net Loss for the year was (249.82 K) with profit before overhead, payroll, taxes, and interest of 16.71 K. | |
| Cann American Corp currently holds about 59.87 K in cash with (244.54 K) of positive cash flow from operations. |
Cann American Technical Analysis
Cann American's future price can be derived by breaking down and analyzing its technical indicators over time. Cann Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cann American Corp. In general, you should focus on analyzing Cann Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Cann American Predictive Forecast Models
Cann American's time-series forecasting models is one of many Cann American'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 Cann American'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 Cann American Corp
Checking the ongoing alerts about Cann American for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cann American Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cann American Corp is way too risky over 90 days horizon | |
| Cann American Corp has some characteristics of a very speculative penny stock | |
| Cann American Corp appears to be risky and price may revert if volatility continues | |
| Cann American Corp has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 13.23 K. Net Loss for the year was (249.82 K) with profit before overhead, payroll, taxes, and interest of 16.71 K. | |
| Cann American Corp currently holds about 59.87 K in cash with (244.54 K) of positive cash flow from operations. |
Other Information on Investing in Cann Pink Sheet
Cann American financial ratios help investors to determine whether Cann 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 Cann with respect to the benefits of owning Cann American security.