Cresco Labs Stock Price on March 9, 2024
CRLBF Stock | USD 1.09 0.10 8.40% |
If you're considering investing in Cresco OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cresco Labs stands at 1.09, as last reported on the 26th of November, with the highest price reaching 1.15 and the lowest price hitting 1.08 during the day. Cresco Labs secures Sharpe Ratio (or Efficiency) of -0.0501, which signifies that the company had a -0.0501% return per unit of standard deviation over the last 3 months. Cresco Labs exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cresco Labs' mean deviation of 3.56, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide.
Cresco OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cresco |
Sharpe Ratio = -0.0501
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Estimated Market Risk
6.04 actual daily | 53 53% of assets are less volatile |
Expected Return
-0.3 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cresco Labs 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 Cresco Labs by adding Cresco Labs to a well-diversified portfolio.
Cresco Labs Valuation on March 9, 2024
It is possible to determine the worth of Cresco Labs on a given historical date. On March 9, 2024 Cresco was worth 1.59 at the beginning of the trading date compared to the closed value of 1.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cresco Labs otc stock. Still, in general, we apply an absolute valuation method to find Cresco Labs' 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 Cresco Labs where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cresco Labs' related companies.
Open | High | Low | Close | Volume | |
1.55 | 1.63 | 1.51 | 1.54 | 617,800 | |
03/08/2024 | 1.59 | 1.64 | 1.53 | 1.57 | 365,200 |
1.59 | 1.60 | 1.50 | 1.52 | 597,100 |
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Cresco Labs Trading Date Momentum on March 9, 2024
On March 11 2024 Cresco Labs was traded for 1.52 at the closing time. The highest daily price throughout the period was 1.60 and the lowest price was 1.50 . The daily volume was 597.1 K. The net trading volume on 03/11/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 3.18% . The overall trading delta to current closing price is 25.48% . |
Cresco Labs Fundamentals Correlations and Trends
By evaluating Cresco Labs' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cresco Labs' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cresco financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cresco Labs OTC Stock history
Cresco Labs 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 Cresco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cresco Labs 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 Cresco Labs stock prices may prove useful in developing a viable investing in Cresco Labs
Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. The company was founded in 2013 and is headquartered in Chicago, Illinois. Cresco Labs operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 3300 people.
Cresco Labs OTC Stock Technical Analysis
Cresco Labs 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
Cresco Labs Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Cresco Labs 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.
Cresco Labs November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Cresco Labs 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 Cresco Labs shares will generate the highest return on investment. By undertsting and applying Cresco Labs otc stock market strength indicators, traders can identify Cresco Labs entry and exit signals to maximize returns
Cresco Labs Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cresco Labs' price direction in advance. Along with the technical and fundamental analysis of Cresco OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cresco 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 | (0.06) | |||
Jensen Alpha | (0.51) | |||
Total Risk Alpha | (1.48) | |||
Treynor Ratio | 2.3 |
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Complementary Tools for Cresco OTC Stock analysis
When running Cresco Labs' price analysis, check to measure Cresco Labs' 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 Cresco Labs is operating at the current time. Most of Cresco Labs' value examination focuses on studying past and present price action to predict the probability of Cresco Labs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cresco Labs' price. Additionally, you may evaluate how the addition of Cresco Labs to your portfolios can decrease your overall portfolio volatility.
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