Akanda Corp Stock Market Value
| AKAN Stock | USD 1.34 0.03 2.19% |
| Symbol | Akanda |
Akanda Corp Price To Book Ratio
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Akanda Corp. If investors know Akanda will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Akanda Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (524.76) | Revenue Per Share 9.388 | Quarterly Revenue Growth 2.705 | Return On Assets (0.26) | Return On Equity (2.43) |
The market value of Akanda Corp is measured differently than its book value, which is the value of Akanda that is recorded on the company's balance sheet. Investors also form their own opinion of Akanda Corp's value that differs from its market value or its book value, called intrinsic value, which is Akanda Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Akanda Corp's market value can be influenced by many factors that don't directly affect Akanda Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Akanda Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Akanda Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akanda Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Akanda Corp '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 Akanda Corp's 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 Akanda Corp.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Akanda Corp on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Akanda Corp or generate 0.0% return on investment in Akanda Corp over 30 days. Akanda Corp is related to or competes with China SXT, Petros Pharmaceuticals, Shuttle Pharmaceuticals, C21 Investments, Grown Rogue, Lifecore Biomedical, and Journey Medical. Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products i... More
Akanda Corp 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 Akanda Corp's 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 Akanda Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 22.55 | |||
| Value At Risk | (8.38) | |||
| Potential Upside | 4.55 |
Akanda Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akanda Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Akanda Corp's standard deviation. In reality, there are many statistical measures that can use Akanda Corp historical prices to predict the future Akanda Corp's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (1.13) | |||
| Total Risk Alpha | (1.49) | |||
| Treynor Ratio | (0.62) |
Akanda Corp Backtested Returns
Akanda Corp secures Sharpe Ratio (or Efficiency) of -0.23, which signifies that the company had a -0.23% return per unit of standard deviation over the last 3 months. Akanda Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Akanda Corp's mean deviation of 3.43, and Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.61, 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, Akanda Corp will likely underperform. At this point, Akanda Corp has a negative expected return of -1.0%. Please make sure to confirm Akanda Corp's standard deviation, kurtosis, relative strength index, as well as the relationship between the maximum drawdown and day median price , to decide if Akanda Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Akanda Corp has good predictability. Overlapping area represents the amount of predictability between Akanda Corp time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Akanda Corp price movement. The serial correlation of 0.71 indicates that around 71.0% of current Akanda Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Akanda Corp lagged returns against current returns
Autocorrelation, which is Akanda Corp 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 Akanda Corp's stock expected returns. We can calculate the autocorrelation of Akanda Corp returns to help us make a trade decision. For example, suppose you find that Akanda Corp has exhibited high autocorrelation historically, and you observe that the 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 |
| Timeline |
Akanda Corp 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 Akanda Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Akanda Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Akanda Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Akanda Corp Lagged Returns
When evaluating Akanda Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Akanda Corp stock have on its future price. Akanda Corp 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, Akanda Corp autocorrelation shows the relationship between Akanda Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Akanda Corp.
Regressed Prices |
| Timeline |
Pair Trading with Akanda Corp
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 Akanda Corp 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 Akanda Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Akanda Stock
Moving against Akanda Stock
| 0.9 | AMLX | Amylyx Pharmaceuticals | PairCorr |
| 0.86 | PRAX | Praxis Precision Med | PairCorr |
| 0.77 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.76 | AKRO | Akero Therapeutics | PairCorr |
| 0.63 | CRNX | Crinetics Pharmaceuticals | PairCorr |
The ability to find closely correlated positions to Akanda Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akanda Corp 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 Akanda Corp - 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 Akanda Corp to buy it.
The correlation of Akanda Corp 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 Akanda Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akanda Corp 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 Akanda Corp 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.Check out Akanda Corp Correlation, Akanda Corp Volatility and Akanda Corp Alpha and Beta module to complement your research on Akanda Corp. To learn how to invest in Akanda Stock, please use our How to Invest in Akanda Corp guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Akanda Corp 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.