Canna Global Acquisition Stock Market Value
| CNGL Stock | USD 9.00 0.00 0.00% |
| Symbol | Canna |
Canna Global Acquisition Price To Book Ratio
Is Asset Management & Custody Banks 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 Canna Global. If investors know Canna 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 Canna Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Canna Global Acquisition is measured differently than its book value, which is the value of Canna that is recorded on the company's balance sheet. Investors also form their own opinion of Canna Global's value that differs from its market value or its book value, called intrinsic value, which is Canna Global'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 Canna Global's market value can be influenced by many factors that don't directly affect Canna Global'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 Canna Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canna Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canna Global'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.
Canna Global '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 Canna Global'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 Canna Global.
| 01/17/2025 |
| 01/12/2026 |
If you would invest 0.00 in Canna Global on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Canna Global Acquisition or generate 0.0% return on investment in Canna Global over 360 days. Canna Global is related to or competes with Maquia Capital, Integrated Rail, International Media, Lvpai Group, Glorywin Entertainment, Global Acquisitions, and Newbury Street. Canna-Global Acquisition Corp intends to acquire assets and businesses through a merger, share exchange, share purchase,... More
Canna Global 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 Canna Global'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 Canna Global Acquisition upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 24.58 |
Canna Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Canna Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Canna Global's standard deviation. In reality, there are many statistical measures that can use Canna Global historical prices to predict the future Canna Global's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 0.5581 |
Canna Global Acquisition Backtested Returns
Canna Global Acquisition secures Sharpe Ratio (or Efficiency) of -0.063, which signifies that the company had a -0.063 % return per unit of risk over the last 3 months. Canna Global Acquisition exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canna Global's Risk Adjusted Performance of (0.04), standard deviation of 3.34, and Mean Deviation of 0.7387 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Canna Global are expected to decrease at a much lower rate. During the bear market, Canna Global is likely to outperform the market. At this point, Canna Global Acquisition has a negative expected return of -0.22%. Please make sure to confirm Canna Global's variance, skewness, as well as the relationship between the Skewness and day typical price , to decide if Canna Global Acquisition performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Canna Global Acquisition has weak reverse predictability. Overlapping area represents the amount of predictability between Canna Global time series from 17th of January 2025 to 16th of July 2025 and 16th of July 2025 to 12th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Canna Global Acquisition price movement. The serial correlation of -0.21 indicates that over 21.0% of current Canna Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Canna Global Acquisition lagged returns against current returns
Autocorrelation, which is Canna Global 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 Canna Global's stock expected returns. We can calculate the autocorrelation of Canna Global returns to help us make a trade decision. For example, suppose you find that Canna Global 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 |
Canna Global 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 Canna Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Canna Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Canna Global stock over time.
Current vs Lagged Prices |
| Timeline |
Canna Global Lagged Returns
When evaluating Canna Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Canna Global stock have on its future price. Canna Global 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, Canna Global autocorrelation shows the relationship between Canna Global stock current value and its past values and can show if there is a momentum factor associated with investing in Canna Global Acquisition.
Regressed Prices |
| Timeline |
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Canna Global 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.