Cannabix Technologies Stock Market Value
| BLOZF Stock | USD 0.27 0.02 6.90% |
| Symbol | Cannabix |
Cannabix Technologies '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 Cannabix Technologies' 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 Cannabix Technologies.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Cannabix Technologies on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Cannabix Technologies or generate 0.0% return on investment in Cannabix Technologies over 720 days. Cannabix Technologies is related to or competes with Accelerate Diagnostics, Venus Concept, Aurora Spine, IRIDEX, Inspira Technologies, Anteris Technologies, and Cellink AB. Cannabix Technologies Inc., a technology company, develops marijuana breathalyzer for employers, law enforcement, govern... More
Cannabix Technologies 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 Cannabix Technologies' 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 Cannabix Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 21.18 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 3.13 |
Cannabix Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cannabix Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cannabix Technologies' standard deviation. In reality, there are many statistical measures that can use Cannabix Technologies historical prices to predict the future Cannabix Technologies' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | 1.04 |
Cannabix Technologies Backtested Returns
Cannabix Technologies secures Sharpe Ratio (or Efficiency) of -0.0838, which signifies that the company had a -0.0838% return per unit of risk over the last 3 months. Cannabix Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cannabix Technologies' Risk Adjusted Performance of (0.05), standard deviation of 3.53, and Mean Deviation of 2.14 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cannabix Technologies are expected to decrease at a much lower rate. During the bear market, Cannabix Technologies is likely to outperform the market. At this point, Cannabix Technologies has a negative expected return of -0.3%. Please make sure to confirm Cannabix Technologies' variance, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Cannabix Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Cannabix Technologies has very good reverse predictability. Overlapping area represents the amount of predictability between Cannabix Technologies time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Cannabix Technologies price movement. The serial correlation of -0.66 indicates that around 66.0% of current Cannabix Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Cannabix Technologies lagged returns against current returns
Autocorrelation, which is Cannabix Technologies 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 Cannabix Technologies' pink sheet expected returns. We can calculate the autocorrelation of Cannabix Technologies returns to help us make a trade decision. For example, suppose you find that Cannabix Technologies 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 |
Cannabix Technologies 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 Cannabix Technologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cannabix Technologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cannabix Technologies pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cannabix Technologies Lagged Returns
When evaluating Cannabix Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cannabix Technologies pink sheet have on its future price. Cannabix Technologies 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, Cannabix Technologies autocorrelation shows the relationship between Cannabix Technologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cannabix Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cannabix Pink Sheet
Cannabix Technologies financial ratios help investors to determine whether Cannabix 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 Cannabix with respect to the benefits of owning Cannabix Technologies security.