Cryomass Technologies Stock Market Value
| CRYM Stock | USD 0.02 0.0001 0.50% |
| Symbol | Cryomass |
Cryomass 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 Cryomass Technologies' 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 Cryomass Technologies.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Cryomass Technologies on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Cryomass Technologies or generate 0.0% return on investment in Cryomass Technologies over 30 days. Cryomass Technologies is related to or competes with Genomma Lab. Cryomass Technologies Inc. designs, sells, and commercializes cryo-mechanical system for the handling of harvested hemp,... More
Cryomass 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 Cryomass Technologies' 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 Cryomass Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.33 | |||
| Information Ratio | 0.0342 | |||
| Maximum Drawdown | 87.29 | |||
| Value At Risk | (18.80) | |||
| Potential Upside | 31.16 |
Cryomass Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cryomass Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cryomass Technologies' standard deviation. In reality, there are many statistical measures that can use Cryomass Technologies historical prices to predict the future Cryomass Technologies' volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 0.5036 | |||
| Total Risk Alpha | (1.53) | |||
| Sortino Ratio | 0.0428 | |||
| Treynor Ratio | 0.7156 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cryomass Technologies' 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.
Cryomass Technologies Backtested Returns
Cryomass Technologies appears to be out of control, given 3 months investment horizon. Cryomass Technologies secures Sharpe Ratio (or Efficiency) of 0.0459, which signifies that the company had a 0.0459% return per unit of risk over the last 3 months. By analyzing Cryomass Technologies' technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please makes use of Cryomass Technologies' Risk Adjusted Performance of 0.0425, mean deviation of 9.26, and Downside Deviation of 11.33 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cryomass Technologies holds a performance score of 3. The firm shows a Beta (market volatility) of 0.84, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cryomass Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cryomass Technologies is expected to be smaller as well. Please check Cryomass Technologies' downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to make a quick decision on whether Cryomass Technologies' price patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Cryomass Technologies has virtually no predictability. Overlapping area represents the amount of predictability between Cryomass Technologies time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Cryomass Technologies price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Cryomass Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cryomass Technologies lagged returns against current returns
Autocorrelation, which is Cryomass Technologies 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 Cryomass Technologies' otc stock expected returns. We can calculate the autocorrelation of Cryomass Technologies returns to help us make a trade decision. For example, suppose you find that Cryomass Technologies 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 |
Cryomass 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 Cryomass Technologies otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cryomass Technologies otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cryomass Technologies otc stock over time.
Current vs Lagged Prices |
| Timeline |
Cryomass Technologies Lagged Returns
When evaluating Cryomass Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cryomass Technologies otc stock have on its future price. Cryomass 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, Cryomass Technologies autocorrelation shows the relationship between Cryomass Technologies otc stock current value and its past values and can show if there is a momentum factor associated with investing in Cryomass Technologies.
Regressed Prices |
| Timeline |
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Cryomass Technologies financial ratios help investors to determine whether Cryomass OTC Stock 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 Cryomass with respect to the benefits of owning Cryomass Technologies security.