Weed Inc Stock Market Value
| BUDZ Stock | USD 0.04 0.01 20.00% |
| Symbol | Weed |
Weed '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 Weed's otc 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 Weed.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Weed on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Weed Inc or generate 0.0% return on investment in Weed over 30 days. Weed is related to or competes with Journey Medical, OrganiGram Holdings, Cresco Labs, C21 Investments, Ascend Wellness, and Grown Rogue. WEED, Inc., together with its subsidiaries, focuses on the development and application of cannabis-derived compounds for... More
Weed 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 Weed's otc 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 Weed Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.44 | |||
| Information Ratio | 0.008 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
Weed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weed's standard deviation. In reality, there are many statistical measures that can use Weed historical prices to predict the future Weed's volatility.| Risk Adjusted Performance | 0.0235 | |||
| Jensen Alpha | 0.9112 | |||
| Total Risk Alpha | (1.96) | |||
| Sortino Ratio | 0.0054 | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Weed's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Weed Inc Backtested Returns
Weed appears to be out of control, given 3 months investment horizon. Weed Inc shows Sharpe Ratio of 0.0367, which attests that the company had a 0.0367% return per unit of risk over the last 3 months. We have found thirty technical indicators for Weed Inc, which you can use to evaluate the volatility of the company. Please utilize Weed's Mean Deviation of 7.37, downside deviation of 19.44, and Market Risk Adjusted Performance of (0.03) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Weed holds a performance score of 2. The firm maintains a market beta of -5.32, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Weed are expected to decrease by larger amounts. On the other hand, during market turmoil, Weed is expected to outperform it. Please check Weed's jensen alpha and the relationship between the potential upside and price action indicator , to make a quick decision on whether Weed's historical returns will revert.
Auto-correlation | 0.27 |
Poor predictability
Weed Inc has poor predictability. Overlapping area represents the amount of predictability between Weed time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Weed Inc price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Weed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Weed Inc lagged returns against current returns
Autocorrelation, which is Weed otc 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 Weed's otc stock expected returns. We can calculate the autocorrelation of Weed returns to help us make a trade decision. For example, suppose you find that Weed has exhibited high autocorrelation historically, and you observe that the otc 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 |
Weed 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 Weed otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weed otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weed otc stock over time.
Current vs Lagged Prices |
| Timeline |
Weed Lagged Returns
When evaluating Weed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weed otc stock have on its future price. Weed 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, Weed autocorrelation shows the relationship between Weed otc stock current value and its past values and can show if there is a momentum factor associated with investing in Weed Inc.
Regressed Prices |
| Timeline |
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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 Weed OTC Stock Analysis
When running Weed's price analysis, check to measure Weed'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 Weed is operating at the current time. Most of Weed's value examination focuses on studying past and present price action to predict the probability of Weed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weed's price. Additionally, you may evaluate how the addition of Weed to your portfolios can decrease your overall portfolio volatility.