Americann Stock Market Value
| ACAN Stock | USD 0.02 0 5.26% |
| Symbol | Americann |
Americann '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 Americann's pink sheet 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 Americann.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Americann on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Americann or generate 0.0% return on investment in Americann over 90 days. Americann is related to or competes with Vow ASA, and TOMI Environmental. AmeriCann, Inc. operates as a specialized cannabis company in the United States More
Americann 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 Americann's pink sheet 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 Americann upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.2 | |||
| Information Ratio | 0.022 | |||
| Maximum Drawdown | 101.52 | |||
| Value At Risk | (26.47) | |||
| Potential Upside | 40.0 |
Americann Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Americann's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Americann's standard deviation. In reality, there are many statistical measures that can use Americann historical prices to predict the future Americann's volatility.| Risk Adjusted Performance | 0.0318 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (2.70) | |||
| Sortino Ratio | 0.0224 | |||
| Treynor Ratio | 0.1041 |
Americann Backtested Returns
Americann is out of control given 3 months investment horizon. Americann secures Sharpe Ratio (or Efficiency) of 0.0612, which signifies that the company had a 0.0612% return per unit of standard deviation over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use Americann mean deviation of 12.79, and Risk Adjusted Performance of 0.0318 to evaluate company specific risk that cannot be diversified away. Americann holds a performance score of 4 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 5.36, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Americann will likely underperform. Use Americann treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to analyze future returns on Americann.
Auto-correlation | -0.1 |
Very weak reverse predictability
Americann has very weak reverse predictability. Overlapping area represents the amount of predictability between Americann time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Americann price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Americann price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Americann lagged returns against current returns
Autocorrelation, which is Americann pink sheet'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 Americann's pink sheet expected returns. We can calculate the autocorrelation of Americann returns to help us make a trade decision. For example, suppose you find that Americann has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
| Timeline |
Americann 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 Americann pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Americann pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Americann pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Americann Lagged Returns
When evaluating Americann's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Americann pink sheet have on its future price. Americann 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, Americann autocorrelation shows the relationship between Americann pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Americann.
Regressed Prices |
| Timeline |
Pair Trading with Americann
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Americann position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Americann will appreciate offsetting losses from the drop in the long position's value.Moving against Americann Pink Sheet
| 0.44 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.42 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.42 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.4 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.38 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Americann could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Americann when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Americann - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Americann to buy it.
The correlation of Americann is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Americann moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Americann moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Americann can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Americann Pink Sheet
Americann financial ratios help investors to determine whether Americann 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 Americann with respect to the benefits of owning Americann security.