Charlottes Web Holdings Stock Market Value
| CWEB Stock | CAD 0.18 0.01 5.26% |
| Symbol | Charlottes |
Charlottes Web '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 Charlottes Web'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 Charlottes Web.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Charlottes Web on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Charlottes Web Holdings or generate 0.0% return on investment in Charlottes Web over 720 days. Charlottes Web is related to or competes with OrganiGram Holdings. Charlottes Web Holdings, Inc. produces and distributes hemp-based, cannabidiol wellness products in the United States More
Charlottes Web 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 Charlottes Web'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 Charlottes Web Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 20.53 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.88 |
Charlottes Web Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Charlottes Web's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Charlottes Web's standard deviation. In reality, there are many statistical measures that can use Charlottes Web historical prices to predict the future Charlottes Web's volatility.| Risk Adjusted Performance | 6.0E-4 | |||
| Jensen Alpha | 0.0799 | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 0.043 |
Charlottes Web Holdings Backtested Returns
Charlottes Web Holdings secures Sharpe Ratio (or Efficiency) of -0.0103, which signifies that the company had a -0.0103% return per unit of standard deviation over the last 3 months. Charlottes Web Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Charlottes Web's mean deviation of 3.85, and Risk Adjusted Performance of 6.0E-4 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.41, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Charlottes Web are expected to decrease by larger amounts. On the other hand, during market turmoil, Charlottes Web is expected to outperform it. At this point, Charlottes Web Holdings has a negative expected return of -0.0508%. Please make sure to confirm Charlottes Web's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Charlottes Web Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
Charlottes Web Holdings has average predictability. Overlapping area represents the amount of predictability between Charlottes Web time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Charlottes Web Holdings price movement. The serial correlation of 0.46 indicates that about 46.0% of current Charlottes Web price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Charlottes Web Holdings lagged returns against current returns
Autocorrelation, which is Charlottes Web 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 Charlottes Web's stock expected returns. We can calculate the autocorrelation of Charlottes Web returns to help us make a trade decision. For example, suppose you find that Charlottes Web 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 |
Charlottes Web 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 Charlottes Web stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Charlottes Web stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Charlottes Web stock over time.
Current vs Lagged Prices |
| Timeline |
Charlottes Web Lagged Returns
When evaluating Charlottes Web's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Charlottes Web stock have on its future price. Charlottes Web 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, Charlottes Web autocorrelation shows the relationship between Charlottes Web stock current value and its past values and can show if there is a momentum factor associated with investing in Charlottes Web Holdings.
Regressed Prices |
| Timeline |
Other Information on Investing in Charlottes Stock
Charlottes Web financial ratios help investors to determine whether Charlottes 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 Charlottes with respect to the benefits of owning Charlottes Web security.