North American Cannabis Stock Performance
The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and North American are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days North American Cannabis has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively steady primary indicators, North American is not utilizing all of its potentials. The latest stock price chaos, may contribute to medium-term losses for the stakeholders. ...more
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North American Relative Risk vs. Return Landscape
If you would invest 0.00 in North American Cannabis on November 3, 2024 and sell it today you would earn a total of 0.00 from holding North American Cannabis or generate 0.0% return on investment over 90 days. North American Cannabis is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of pink sheets are less volatile than North, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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North American Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for North American's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as North American Cannabis, and traders can use it to determine the average amount a North American's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average North American 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 North American by adding North American to a well-diversified portfolio.
North American Fundamentals Growth
North Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of North American, and North American fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on North Pink Sheet performance.
| Current Valuation | 2.29 M | |||
| Shares Outstanding | 22.88 B | |||
| Price To Sales | 224.21 X | |||
| Revenue | 742.34 K | |||
| Total Debt | 1.62 M | |||
| Cash Flow From Operations | 284.44 K | |||
| Total Asset | 775.6 K | |||
| Retained Earnings | (11.94 M) | |||
| Current Asset | 147 K | |||
| Current Liabilities | 444 K | |||
About North American Performance
By evaluating North American's fundamental ratios, stakeholders can gain valuable insights into North American's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if North American has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if North American has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
North American Cannabis Holdings, Inc., through its subsidiaries, operates in the legal cannabis market in the United States. North American Cannabis Holdings, Inc. was formerly known as Algae International Group, Inc. and changed its name to North American Cannabis Holdings, Inc. in June 2015. North American is traded on OTC Exchange in the United States.Things to note about North American Cannabis performance evaluation
Checking the ongoing alerts about North American for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for North American Cannabis help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| North American generated a negative expected return over the last 90 days | |
| North American has some characteristics of a very speculative penny stock | |
| North American has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 742.34 K. Net Loss for the year was (334.06 K) with profit before overhead, payroll, taxes, and interest of 0. |
- Analyzing North American's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether North American's stock is overvalued or undervalued compared to its peers.
- Examining North American's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating North American's management team can have a significant impact on its success or failure. Reviewing the track record and experience of North American's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of North American's pink sheet. These opinions can provide insight into North American's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in North Pink Sheet
North American financial ratios help investors to determine whether North 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 North with respect to the benefits of owning North American security.