Decibel Cannabis Stock Probability of Future Stock Price Finishing Under 0.0525
| DB Stock | CAD 0.06 0.01 7.69% |
Decibel |
Decibel Cannabis Target Price Odds to finish below 0.0525
The tendency of Decibel Stock 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 C$ 0.05 or more in 90 days |
| 0.06 | 90 days | 0.05 | about 14.79 |
Based on a normal probability distribution, the odds of Decibel Cannabis to drop to C$ 0.05 or more in 90 days from now is about 14.79 (This Decibel Cannabis probability density function shows the probability of Decibel Stock to fall within a particular range of prices over 90 days) . Probability of Decibel Cannabis price to stay between C$ 0.05 and its current price of C$0.06 at the end of the 90-day period is about 24.56 .
Given the investment horizon of 90 days Decibel Cannabis has a beta of -0.81 suggesting as returns on the benchmark increase, returns on holding Decibel Cannabis are expected to decrease at a much lower rate. During a bear market, however, Decibel Cannabis is likely to outperform the market. Additionally Decibel Cannabis has an alpha of 0.0977, implying that it can generate a 0.0977 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Decibel Cannabis Price Density |
| Price |
Predictive Modules for Decibel 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 Decibel Cannabis. 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.Decibel Cannabis Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Decibel Cannabis is not an exception. The market had few large corrections towards the Decibel Cannabis' 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 Decibel Cannabis, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Decibel Cannabis within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.1 | |
β | Beta against Dow Jones | -0.81 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.02 |
Decibel Cannabis 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 Decibel Cannabis for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Decibel Cannabis can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Decibel Cannabis had very high historical volatility over the last 90 days | |
| Decibel Cannabis has some characteristics of a very speculative penny stock | |
| Decibel Cannabis has high likelihood to experience some financial distress in the next 2 years | |
| Decibel Cannabis currently holds 48.39 M in liabilities with Debt to Equity (D/E) ratio of 1.4, which is about average as compared to similar companies. Decibel Cannabis has a current ratio of 0.92, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Decibel Cannabis until it has trouble settling it off, either with new capital or with free cash flow. So, Decibel Cannabis' 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 Decibel Cannabis sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Decibel to invest in growth at high rates of return. When we think about Decibel Cannabis' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 114.02 M. Net Loss for the year was (3.73 M) with profit before overhead, payroll, taxes, and interest of 26.43 M. |
Decibel Cannabis 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 Decibel Stock often depends not only on the future outlook of the current and potential Decibel 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. Decibel Cannabis' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 404.2 M | |
| Cash And Short Term Investments | 3 M |
Decibel Cannabis Technical Analysis
Decibel Cannabis' future price can be derived by breaking down and analyzing its technical indicators over time. Decibel Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Decibel Cannabis. In general, you should focus on analyzing Decibel Stock price patterns and their correlations with different microeconomic environments and drivers.
Decibel Cannabis Predictive Forecast Models
Decibel Cannabis' time-series forecasting models is one of many Decibel Cannabis' stock 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 Decibel Cannabis' 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 stock market movement and maximize returns from investment trading.
Things to note about Decibel Cannabis
Checking the ongoing alerts about Decibel Cannabis for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Decibel Cannabis help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Decibel Cannabis had very high historical volatility over the last 90 days | |
| Decibel Cannabis has some characteristics of a very speculative penny stock | |
| Decibel Cannabis has high likelihood to experience some financial distress in the next 2 years | |
| Decibel Cannabis currently holds 48.39 M in liabilities with Debt to Equity (D/E) ratio of 1.4, which is about average as compared to similar companies. Decibel Cannabis has a current ratio of 0.92, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Decibel Cannabis until it has trouble settling it off, either with new capital or with free cash flow. So, Decibel Cannabis' 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 Decibel Cannabis sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Decibel to invest in growth at high rates of return. When we think about Decibel Cannabis' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 114.02 M. Net Loss for the year was (3.73 M) with profit before overhead, payroll, taxes, and interest of 26.43 M. |
Additional Tools for Decibel Stock Analysis
When running Decibel Cannabis' price analysis, check to measure Decibel Cannabis' 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 Decibel Cannabis is operating at the current time. Most of Decibel Cannabis' value examination focuses on studying past and present price action to predict the probability of Decibel Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Decibel Cannabis' price. Additionally, you may evaluate how the addition of Decibel Cannabis to your portfolios can decrease your overall portfolio volatility.