Bynd Cannasoft Enterprises Stock Market Value
| BCAN Stock | USD 8.00 0.20 2.44% |
| Symbol | BYND |
BYND Cannasoft Enter Price To Book Ratio
Is Application Software 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 BYND Cannasoft. If investors know BYND 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 BYND Cannasoft listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (971.90) | Revenue Per Share 7.624 | Quarterly Revenue Growth 0.617 | Return On Assets (0.14) | Return On Equity (1.69) |
The market value of BYND Cannasoft Enter is measured differently than its book value, which is the value of BYND that is recorded on the company's balance sheet. Investors also form their own opinion of BYND Cannasoft's value that differs from its market value or its book value, called intrinsic value, which is BYND Cannasoft'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 BYND Cannasoft's market value can be influenced by many factors that don't directly affect BYND Cannasoft'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 BYND Cannasoft's value and its price as these two are different measures arrived at by different means. Investors typically determine if BYND Cannasoft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BYND Cannasoft'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.
BYND Cannasoft '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 BYND Cannasoft'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 BYND Cannasoft.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in BYND Cannasoft on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding BYND Cannasoft Enterprises or generate 0.0% return on investment in BYND Cannasoft over 30 days. BYND Cannasoft is related to or competes with OLB. BYND Cannasoft Enterprises Inc. develops, markets, and sells customer relationship management software products More
BYND Cannasoft 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 BYND Cannasoft'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 BYND Cannasoft Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 12.12 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.5 |
BYND Cannasoft Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BYND Cannasoft's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BYND Cannasoft's standard deviation. In reality, there are many statistical measures that can use BYND Cannasoft historical prices to predict the future BYND Cannasoft's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 1.78 |
BYND Cannasoft Enter Backtested Returns
BYND Cannasoft Enter secures Sharpe Ratio (or Efficiency) of -0.02, which signifies that the company had a -0.02% return per unit of risk over the last 3 months. BYND Cannasoft Enterprises exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BYND Cannasoft's mean deviation of 1.09, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0657, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BYND Cannasoft are expected to decrease at a much lower rate. During the bear market, BYND Cannasoft is likely to outperform the market. At this point, BYND Cannasoft Enter has a negative expected return of -0.0263%. Please make sure to confirm BYND Cannasoft's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if BYND Cannasoft Enter performance from the past will be repeated at future time.
Auto-correlation | -0.07 |
Very weak reverse predictability
BYND Cannasoft Enterprises has very weak reverse predictability. Overlapping area represents the amount of predictability between BYND Cannasoft time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 BYND Cannasoft Enter price movement. The serial correlation of -0.07 indicates that barely 7.0% of current BYND Cannasoft price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
BYND Cannasoft Enter lagged returns against current returns
Autocorrelation, which is BYND Cannasoft 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 BYND Cannasoft's stock expected returns. We can calculate the autocorrelation of BYND Cannasoft returns to help us make a trade decision. For example, suppose you find that BYND Cannasoft 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 |
BYND Cannasoft 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 BYND Cannasoft stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BYND Cannasoft stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BYND Cannasoft stock over time.
Current vs Lagged Prices |
| Timeline |
BYND Cannasoft Lagged Returns
When evaluating BYND Cannasoft's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BYND Cannasoft stock have on its future price. BYND Cannasoft 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, BYND Cannasoft autocorrelation shows the relationship between BYND Cannasoft stock current value and its past values and can show if there is a momentum factor associated with investing in BYND Cannasoft Enterprises.
Regressed Prices |
| Timeline |
Pair Trading with BYND Cannasoft
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 BYND Cannasoft 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 BYND Cannasoft will appreciate offsetting losses from the drop in the long position's value.Moving against BYND Stock
| 0.66 | QH | Quhuo | PairCorr |
| 0.64 | DUOL | Duolingo | PairCorr |
| 0.6 | U | Unity Software Trending | PairCorr |
| 0.59 | DT | Dynatrace Holdings LLC | PairCorr |
| 0.5 | BL | Blackline | PairCorr |
The ability to find closely correlated positions to BYND Cannasoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BYND Cannasoft 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 BYND Cannasoft - 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 BYND Cannasoft Enterprises to buy it.
The correlation of BYND Cannasoft 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 BYND Cannasoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BYND Cannasoft Enter 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 BYND Cannasoft 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 BYND Cannasoft Correlation, BYND Cannasoft Volatility and BYND Cannasoft Alpha and Beta module to complement your research on BYND Cannasoft. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
BYND Cannasoft 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.