Ascend Wellness Holdings Stock Market Value
| AAWH Stock | USD 0.37 0.03 7.50% |
| Symbol | Ascend |
Ascend Wellness 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ascend Wellness' otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ascend Wellness.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Ascend Wellness on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ascend Wellness Holdings or generate 0.0% return on investment in Ascend Wellness over 180 days. Ascend Wellness is related to or competes with Verano Holdings, Green Thumb, AYR Strategies, Trulieve Cannabis, Goodness Growth, Medicine Man, and C21 Investments. Ascend Wellness Holdings, Inc. engages in the cultivation, manufacture, and distribution of cannabis consumer packaged g... More
Ascend Wellness Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ascend Wellness' otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ascend Wellness Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 26.74 | |||
| Value At Risk | (10.71) | |||
| Potential Upside | 5.43 |
Ascend Wellness Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ascend Wellness' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ascend Wellness' standard deviation. In reality, there are many statistical measures that can use Ascend Wellness historical prices to predict the future Ascend Wellness' volatility.| Risk Adjusted Performance | (0.21) | |||
| Jensen Alpha | (1.40) | |||
| Total Risk Alpha | (2.42) | |||
| Treynor Ratio | 1.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ascend Wellness' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ascend Wellness Holdings Backtested Returns
Ascend Wellness Holdings secures Sharpe Ratio (or Efficiency) of -0.25, which signifies that the company had a -0.25% return per unit of standard deviation over the last 3 months. Ascend Wellness Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ascend Wellness' risk adjusted performance of (0.21), and Mean Deviation of 4.0 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.51, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Ascend Wellness are expected to decrease by larger amounts. On the other hand, during market turmoil, Ascend Wellness is expected to outperform it. At this point, Ascend Wellness Holdings has a negative expected return of -1.3%. Please make sure to confirm Ascend Wellness' standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Ascend Wellness Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Ascend Wellness Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between Ascend Wellness time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ascend Wellness Holdings price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Ascend Wellness price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Ascend Wellness Holdings lagged returns against current returns
Autocorrelation, which is Ascend Wellness otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Ascend Wellness' otc stock expected returns. We can calculate the autocorrelation of Ascend Wellness returns to help us make a trade decision. For example, suppose you find that Ascend Wellness has exhibited high autocorrelation historically, and you observe that the otc stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Ascend Wellness regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Ascend Wellness otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ascend Wellness otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ascend Wellness otc stock over time.
Current vs Lagged Prices |
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Ascend Wellness Lagged Returns
When evaluating Ascend Wellness' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ascend Wellness otc stock have on its future price. Ascend Wellness autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Ascend Wellness autocorrelation shows the relationship between Ascend Wellness otc stock current value and its past values and can show if there is a momentum factor associated with investing in Ascend Wellness Holdings.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Ascend OTC Stock
Ascend Wellness financial ratios help investors to determine whether Ascend OTC Stock 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 Ascend with respect to the benefits of owning Ascend Wellness security.