Body And Mind Stock Market Value
| BMMJ Stock | USD 0.01 0.00 0.00% |
| Symbol | Body |
Body '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 Body'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 Body.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Body on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Body and Mind or generate 0.0% return on investment in Body over 720 days. Body is related to or competes with Goodness Growth, Rubicon Organics, Avicanna, and Grown Rogue. Body and Mind Inc. cultivates, processes, distributes, and retails medical and recreational cannabis in Nevada, Californ... More
Body 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 Body'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 Body and Mind upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 100.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 14.5 |
Body Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Body's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Body's standard deviation. In reality, there are many statistical measures that can use Body historical prices to predict the future Body's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (2.38) | |||
| Treynor Ratio | (3.47) |
Body and Mind Backtested Returns
Body and Mind secures Sharpe Ratio (or Efficiency) of -0.0573, which signifies that the company had a -0.0573% return per unit of standard deviation over the last 3 months. Body and Mind exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Body's risk adjusted performance of (0.01), and Mean Deviation of 4.96 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0769, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Body's returns are expected to increase less than the market. However, during the bear market, the loss of holding Body is expected to be smaller as well. At this point, Body and Mind has a negative expected return of -0.77%. Please make sure to confirm Body's variance and the relationship between the treynor ratio and market facilitation index , to decide if Body and Mind performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Body and Mind has modest reverse predictability. Overlapping area represents the amount of predictability between Body time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Body and Mind price movement. The serial correlation of -0.5 indicates that about 50.0% of current Body price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Body and Mind lagged returns against current returns
Autocorrelation, which is Body 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 Body's pink sheet expected returns. We can calculate the autocorrelation of Body returns to help us make a trade decision. For example, suppose you find that Body 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 |
Body 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 Body pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Body pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Body pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Body Lagged Returns
When evaluating Body's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Body pink sheet have on its future price. Body 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, Body autocorrelation shows the relationship between Body pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Body and Mind.
Regressed Prices |
| Timeline |
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Body financial ratios help investors to determine whether Body 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 Body with respect to the benefits of owning Body security.