Cannbiorx Life Sciences Stock Market Value
| ATNFW Stock | USD 0.01 0 34.09% |
| Symbol | CannBioRx |
CannBioRx Life Sciences 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 CannBioRx Life. If investors know CannBioRx 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 CannBioRx Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (0.64) | Return On Equity (3.99) |
The market value of CannBioRx Life Sciences is measured differently than its book value, which is the value of CannBioRx that is recorded on the company's balance sheet. Investors also form their own opinion of CannBioRx Life's value that differs from its market value or its book value, called intrinsic value, which is CannBioRx Life'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 CannBioRx Life's market value can be influenced by many factors that don't directly affect CannBioRx Life'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 CannBioRx Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if CannBioRx Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CannBioRx Life'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.
CannBioRx Life '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 CannBioRx Life'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 CannBioRx Life.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in CannBioRx Life on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding CannBioRx Life Sciences or generate 0.0% return on investment in CannBioRx Life over 510 days. CannBioRx Life is related to or competes with 180 Life, and Reviva Pharmaceuticals. CannBioRx Life Sciences Corp. discovers and develops pharmaceutical drugs More
CannBioRx Life 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 CannBioRx Life'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 CannBioRx Life Sciences upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.61 | |||
| Information Ratio | 0.0887 | |||
| Maximum Drawdown | 133.59 | |||
| Value At Risk | (17.35) | |||
| Potential Upside | 29.23 |
CannBioRx Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CannBioRx Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CannBioRx Life's standard deviation. In reality, there are many statistical measures that can use CannBioRx Life historical prices to predict the future CannBioRx Life's volatility.| Risk Adjusted Performance | 0.0825 | |||
| Jensen Alpha | 1.38 | |||
| Total Risk Alpha | (1.17) | |||
| Sortino Ratio | 0.1477 | |||
| Treynor Ratio | 0.4776 |
CannBioRx Life Sciences Backtested Returns
CannBioRx Life is out of control given 3 months investment horizon. CannBioRx Life Sciences secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.0% are justified by taking the suggested risk. Use CannBioRx Life Mean Deviation of 11.51, risk adjusted performance of 0.0825, and Downside Deviation of 11.61 to evaluate company specific risk that cannot be diversified away. CannBioRx Life holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 3.84, 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, CannBioRx Life will likely underperform. Use CannBioRx Life treynor ratio, as well as the relationship between the expected short fall and day median price , to analyze future returns on CannBioRx Life.
Auto-correlation | 0.17 |
Very weak predictability
CannBioRx Life Sciences has very weak predictability. Overlapping area represents the amount of predictability between CannBioRx Life time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 CannBioRx Life Sciences price movement. The serial correlation of 0.17 indicates that over 17.0% of current CannBioRx Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CannBioRx Life Sciences lagged returns against current returns
Autocorrelation, which is CannBioRx Life 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 CannBioRx Life's stock expected returns. We can calculate the autocorrelation of CannBioRx Life returns to help us make a trade decision. For example, suppose you find that CannBioRx Life 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 |
CannBioRx Life 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 CannBioRx Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CannBioRx Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CannBioRx Life stock over time.
Current vs Lagged Prices |
| Timeline |
CannBioRx Life Lagged Returns
When evaluating CannBioRx Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CannBioRx Life stock have on its future price. CannBioRx Life 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, CannBioRx Life autocorrelation shows the relationship between CannBioRx Life stock current value and its past values and can show if there is a momentum factor associated with investing in CannBioRx Life Sciences.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for CannBioRx Stock Analysis
When running CannBioRx Life's price analysis, check to measure CannBioRx Life's 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 CannBioRx Life is operating at the current time. Most of CannBioRx Life's value examination focuses on studying past and present price action to predict the probability of CannBioRx Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CannBioRx Life's price. Additionally, you may evaluate how the addition of CannBioRx Life to your portfolios can decrease your overall portfolio volatility.