Decibel Cannabis Stock Price on August 14, 2024
| DB Stock | CAD 0.07 0.01 8.33% |
Below is the normalized historical share price chart for Decibel Cannabis extending back to September 09, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Decibel Cannabis stands at 0.07, as last reported on the 29th of November, with the highest price reaching 0.07 and the lowest price hitting 0.07 during the day.
If you're considering investing in Decibel Stock, it is important to understand the factors that can impact its price. Decibel Cannabis appears to be out of control, given 3 months investment horizon. Decibel Cannabis secures Sharpe Ratio (or Efficiency) of 0.0331, which denotes the company had a 0.0331% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Decibel Cannabis, which you can use to evaluate the volatility of the firm. Please utilize Decibel Cannabis' Mean Deviation of 4.3, downside deviation of 9.07, and Semi Deviation of 4.89 to check if our risk estimates are consistent with your expectations.
At this time, Decibel Cannabis' Total Stockholder Equity is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to climb to about 170.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop 1,710 in 2024. . At this time, Decibel Cannabis' Price Book Value Ratio is fairly stable compared to the past year. Price To Operating Cash Flows Ratio is likely to climb to 7.87 in 2024, whereas Price Earnings Ratio is likely to drop (31.48) in 2024. Decibel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.0825 | 50 Day MA 0.0608 | Beta 1.029 |
Decibel |
Sharpe Ratio = 0.0331
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.82 actual daily | 60 60% of assets are less volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Decibel Cannabis is performing at about 2% of its full potential. 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 Decibel Cannabis by adding it to a well-diversified portfolio.
Price Book 0.7062 | Enterprise Value Ebitda 11.1439 | Price Sales 0.2845 | Shares Float 382.8 M | Wall Street Target Price 0.3 |
Decibel Cannabis Valuation on August 14, 2024
It is possible to determine the worth of Decibel Cannabis on a given historical date. On August 14, 2024 Decibel was worth 0.045 at the beginning of the trading date compared to the closed value of 0.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Decibel Cannabis stock. Still, in general, we apply an absolute valuation method to find Decibel Cannabis' 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 Decibel Cannabis where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Decibel Cannabis' related companies.
| Open | High | Low | Close | Volume | |
| 0.06 | 0.06 | 0.04 | 0.05 | 168,100 | |
08/14/2024 | 0.04 | 0.05 | 0.04 | 0.04 | 689,100 |
| 0.04 | 0.06 | 0.04 | 0.06 | 484,307 |
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Decibel Cannabis Trading Date Momentum on August 14, 2024
| On August 15 2024 Decibel Cannabis was traded for 0.06 at the closing time. The top price for the day was 0.06 and the lowest listed price was 0.04 . The trading volume for the day was 484.3 K. The trading history from August 15, 2024 was a factor to the next trading day price increase. The overall trading delta against the next closing price was 37.50% . The overall trading delta against the current closing price is 62.50% . |
Decibel Cannabis Fundamentals Correlations and Trends
By evaluating Decibel Cannabis' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Decibel Cannabis' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Decibel financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Decibel Cannabis Stock history
Decibel Cannabis 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 Decibel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Decibel Cannabis 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 Decibel Cannabis stock prices may prove useful in developing a viable investing in Decibel Cannabis
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 464.8 M | 488 M | |
| Net Loss | -4 M | -4.2 M |
Decibel Cannabis Stock Technical Analysis
Decibel Cannabis technical 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, stock market cycles, or different charting patterns.
Price Boundaries
Decibel Cannabis Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Decibel Cannabis cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture 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.
Decibel Cannabis November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Decibel Cannabis stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Decibel Cannabis shares will generate the highest return on investment. By undertsting and applying Decibel Cannabis stock market strength indicators, traders can identify Decibel Cannabis entry and exit signals to maximize returns
Decibel Cannabis Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Decibel Cannabis' price direction in advance. Along with the technical and fundamental analysis of Decibel Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Decibel 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 | 0.034 | |||
| Jensen Alpha | 0.335 | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | 0.0106 | |||
| Treynor Ratio | (0.20) |
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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.