Im Cannabis Corp Stock Probability of Future Stock Price Finishing Over 2.15
| IMCC Stock | USD 3.99 0.30 8.13% |
IMCC |
Im Cannabis Target Price Odds to finish over 2.15
The tendency of IMCC 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 stay above $ 2.15 in 90 days |
| 3.99 | 90 days | 2.15 | about 71.45 |
Based on a normal probability distribution, the odds of Im Cannabis to stay above $ 2.15 in 90 days from now is about 71.45 (This Im Cannabis Corp probability density function shows the probability of IMCC Stock to fall within a particular range of prices over 90 days) . Probability of Im Cannabis Corp price to stay between $ 2.15 and its current price of $3.99 at the end of the 90-day period is about 71.45 .
Given the investment horizon of 90 days Im Cannabis Corp has a beta of -1.15. This usually indicates Additionally Im Cannabis Corp has an alpha of 0.7215, implying that it can generate a 0.72 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Im Cannabis Price Density |
| Price |
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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Im Cannabis is not an exception. The market had few large corrections towards the Im 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 Im Cannabis Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Im Cannabis within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.72 | |
β | Beta against Dow Jones | -1.15 | |
σ | Overall volatility | 0.30 | |
Ir | Information ratio | 0.06 |
Im 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 Im Cannabis for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Im Cannabis 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.| Im Cannabis Corp is way too risky over 90 days horizon | |
| Im Cannabis Corp appears to be risky and price may revert if volatility continues | |
| Im Cannabis Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 48.8 M. Net Loss for the year was (10.23 M) with profit before overhead, payroll, taxes, and interest of 9.16 M. | |
| Im Cannabis Corp currently holds about 5.86 M in cash with (8.07 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. | |
| Im Cannabis Corp has a very weak financial position based on the latest SEC disclosures | |
| Roughly 47.0% of the company shares are held by company insiders | |
| Latest headline from benzinga.com: IM Cannabis 66 percent Revenue Growth In Germany, Narrows EBITDA Loss In Q3 |
Im 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 IMCC Stock often depends not only on the future outlook of the current and 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 | 2.1 M | |
| Cash And Short Term Investments | 1.8 M |
Im Cannabis Technical Analysis
Im Cannabis' future price can be derived by breaking down and analyzing its technical indicators over time. IMCC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Im Cannabis Corp. In general, you should focus on analyzing IMCC Stock price patterns and their correlations with different microeconomic environments and drivers.
Im Cannabis Predictive Forecast Models
Im Cannabis' time-series forecasting models is one of many Im 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 Im 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 Im Cannabis Corp
Checking the ongoing alerts about Im Cannabis for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Im Cannabis Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Im Cannabis Corp is way too risky over 90 days horizon | |
| Im Cannabis Corp appears to be risky and price may revert if volatility continues | |
| Im Cannabis Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 48.8 M. Net Loss for the year was (10.23 M) with profit before overhead, payroll, taxes, and interest of 9.16 M. | |
| Im Cannabis Corp currently holds about 5.86 M in cash with (8.07 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. | |
| Im Cannabis Corp has a very weak financial position based on the latest SEC disclosures | |
| Roughly 47.0% of the company shares are held by company insiders | |
| Latest headline from benzinga.com: IM Cannabis 66 percent Revenue Growth In Germany, Narrows EBITDA Loss In Q3 |
Check out Im Cannabis Backtesting, Im Cannabis Valuation, Im Cannabis Correlation, Im Cannabis Hype Analysis, Im Cannabis Volatility, Im Cannabis History as well as Im Cannabis Performance. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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 (4.11) | Revenue Per Share 22.335 | Quarterly Revenue Growth 0.117 | Return On Assets (0.17) | Return On Equity (1.12) |
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.