1606 Corp Stock Market Value
| CBDW Stock | 0.01 0 9.09% |
| Symbol | 1606 |
1606 Corp '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 1606 Corp'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 1606 Corp.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in 1606 Corp on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding 1606 Corp or generate 0.0% return on investment in 1606 Corp over 30 days. 1606 Corp is related to or competes with British American, Imperial Brands, RLX Technology, British Amer, Turning Point, Imperial Brands, and Universal. More
1606 Corp 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 1606 Corp'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 1606 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.25 | |||
| Information Ratio | 0.036 | |||
| Maximum Drawdown | 140.72 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 33.33 |
1606 Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1606 Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1606 Corp's standard deviation. In reality, there are many statistical measures that can use 1606 Corp historical prices to predict the future 1606 Corp's volatility.| Risk Adjusted Performance | 0.0413 | |||
| Jensen Alpha | 1.2 | |||
| Total Risk Alpha | (1.79) | |||
| Sortino Ratio | 0.0506 | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 1606 Corp'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.
1606 Corp Backtested Returns
1606 Corp appears to be out of control, given 3 months investment horizon. 1606 Corp retains Efficiency (Sharpe Ratio) of 0.0329, which signifies that the company had a 0.0329% return per unit of price deviation over the last 3 months. By evaluating 1606 Corp's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please makes use of 1606 Corp's Market Risk Adjusted Performance of (0.20), coefficient of variation of 2411.22, and Standard Deviation of 20.04 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, 1606 Corp holds a performance score of 2. The firm owns a Beta (Systematic Risk) of -3.84, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning 1606 Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, 1606 Corp is expected to outperform it. Please check 1606 Corp's coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether 1606 Corp's current price history will revert.
Auto-correlation | 0.40 |
Average predictability
1606 Corp has average predictability. Overlapping area represents the amount of predictability between 1606 Corp time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 1606 Corp price movement. The serial correlation of 0.4 indicates that just about 40.0% of current 1606 Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
1606 Corp lagged returns against current returns
Autocorrelation, which is 1606 Corp 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 1606 Corp's pink sheet expected returns. We can calculate the autocorrelation of 1606 Corp returns to help us make a trade decision. For example, suppose you find that 1606 Corp 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 |
1606 Corp 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 1606 Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1606 Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 1606 Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
1606 Corp Lagged Returns
When evaluating 1606 Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1606 Corp pink sheet have on its future price. 1606 Corp 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, 1606 Corp autocorrelation shows the relationship between 1606 Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in 1606 Corp.
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 1606 Pink Sheet Analysis
When running 1606 Corp's price analysis, check to measure 1606 Corp'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 1606 Corp is operating at the current time. Most of 1606 Corp's value examination focuses on studying past and present price action to predict the probability of 1606 Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 1606 Corp's price. Additionally, you may evaluate how the addition of 1606 Corp to your portfolios can decrease your overall portfolio volatility.