Cansortium Stock Price on June 3, 2024
CNTMF Stock | USD 0.08 0 2.35% |
If you're considering investing in Cansortium OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cansortium stands at 0.08, as last reported on the 27th of November, with the highest price reaching 0.08 and the lowest price hitting 0.08 during the day. Cansortium secures Sharpe Ratio (or Efficiency) of -0.0652, which signifies that the company had a -0.0652% return per unit of risk over the last 3 months. Cansortium exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cansortium's Standard Deviation of 7.76, mean deviation of 5.18, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide.
Cansortium OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cansortium |
Sharpe Ratio = -0.0652
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Estimated Market Risk
7.64 actual daily | 68 68% of assets are less volatile |
Expected Return
-0.5 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cansortium is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cansortium by adding Cansortium to a well-diversified portfolio.
Cansortium Valuation on June 3, 2024
It is possible to determine the worth of Cansortium on a given historical date. On June 3, 2024 Cansortium was worth 0.17 at the beginning of the trading date compared to the closed value of 0.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cansortium otc stock. Still, in general, we apply an absolute valuation method to find Cansortium's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cansortium where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cansortium's related companies.
Open | High | Low | Close | Volume | |
0.17 | 0.17 | 0.16 | 0.16 | 678,500 | |
06/03/2024 | 0.17 | 0.17 | 0.13 | 0.15 | 1,751,700 |
0.15 | 0.15 | 0.14 | 0.14 | 444,200 |
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Cansortium Trading Date Momentum on June 3, 2024
On June 04 2024 Cansortium was traded for 0.14 at the closing time. The highest daily price throughout the period was 0.15 and the lowest price was 0.14 . The daily volume was 444.2 K. The net trading volume on 06/04/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 6.67% . The overall trading delta to current closing price is 0.00% . |
Cansortium Fundamentals Correlations and Trends
By evaluating Cansortium's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cansortium's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cansortium financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cansortium OTC Stock history
Cansortium investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cansortium is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cansortium will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cansortium stock prices may prove useful in developing a viable investing in Cansortium
Cansortium Inc., through its subsidiaries, produces and sells medical cannabis in the United States. Cansortium Inc. was incorporated in 2018 and is headquartered in Miami, Florida. Cansortium operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange.
Cansortium OTC Stock Technical Analysis
Cansortium technical otc stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, otc market cycles, or different charting patterns.
Price Boundaries
Cansortium Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Cansortium cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cansortium November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Cansortium otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cansortium shares will generate the highest return on investment. By undertsting and applying Cansortium otc stock market strength indicators, traders can identify Cansortium entry and exit signals to maximize returns
Cansortium Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cansortium's price direction in advance. Along with the technical and fundamental analysis of Cansortium OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cansortium to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.05) | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (1.80) | |||
Treynor Ratio | 0.1246 |
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Volume Indicators |
Complementary Tools for Cansortium OTC Stock analysis
When running Cansortium's price analysis, check to measure Cansortium's 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 Cansortium is operating at the current time. Most of Cansortium's value examination focuses on studying past and present price action to predict the probability of Cansortium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cansortium's price. Additionally, you may evaluate how the addition of Cansortium to your portfolios can decrease your overall portfolio volatility.
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