Medical Marijuana I Stock Probability of Future Pink Sheet Price Finishing Over 6.96E-4
| MJNA Stock | USD 0.0006 0.0001 14.29% |
Medical |
Medical Marijuana Target Price Odds to finish over 6.96E-4
The tendency of Medical 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 move over $ 0.0007 or more in 90 days |
| 0.0006 | 90 days | 0.0007 | under 95 |
Based on a normal probability distribution, the odds of Medical Marijuana to move over $ 0.0007 or more in 90 days from now is under 95 (This Medical Marijuana I probability density function shows the probability of Medical Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Medical Marijuana price to stay between its current price of $ 0.0006 and $ 0.0007 at the end of the 90-day period is nearly 4.28 .
Given the investment horizon of 90 days Medical Marijuana I has a beta of -0.0797. This indicates as returns on the benchmark increase, returns on holding Medical Marijuana are expected to decrease at a much lower rate. During a bear market, however, Medical Marijuana I is likely to outperform the market. Additionally Medical Marijuana I has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Medical Marijuana Price Density |
| Price |
Predictive Modules for Medical Marijuana
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Medical Marijuana. 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.Medical Marijuana Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Medical Marijuana is not an exception. The market had few large corrections towards the Medical Marijuana'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 Medical Marijuana I, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Medical Marijuana within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.56 | |
β | Beta against Dow Jones | -0.08 | |
σ | Overall volatility | 0.0002 | |
Ir | Information ratio | -0.07 |
Medical Marijuana 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 Medical Marijuana for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Medical Marijuana can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Medical Marijuana generated a negative expected return over the last 90 days | |
| Medical Marijuana has high historical volatility and very poor performance | |
| Medical Marijuana has some characteristics of a very speculative penny stock | |
| Latest headline from investing.com: Forte Biosciences CFO acquires 124,997 in company stock |
Medical Marijuana Technical Analysis
Medical Marijuana's future price can be derived by breaking down and analyzing its technical indicators over time. Medical Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Medical Marijuana I. In general, you should focus on analyzing Medical Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Medical Marijuana Predictive Forecast Models
Medical Marijuana's time-series forecasting models is one of many Medical Marijuana'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 Medical Marijuana'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 Medical Marijuana
Checking the ongoing alerts about Medical Marijuana for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Medical Marijuana help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Medical Marijuana generated a negative expected return over the last 90 days | |
| Medical Marijuana has high historical volatility and very poor performance | |
| Medical Marijuana has some characteristics of a very speculative penny stock | |
| Latest headline from investing.com: Forte Biosciences CFO acquires 124,997 in company stock |
Other Information on Investing in Medical Pink Sheet
Medical Marijuana financial ratios help investors to determine whether Medical 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 Medical with respect to the benefits of owning Medical Marijuana security.