Decibel Cannabis Stock Market Value
| DB Stock | CAD 0.06 0.01 7.69% |
| Symbol | Decibel |
Decibel Cannabis Price To Book Ratio
Decibel Cannabis '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 Decibel Cannabis' 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 Decibel Cannabis.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Decibel Cannabis on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Decibel Cannabis or generate 0.0% return on investment in Decibel Cannabis over 30 days. Decibel Cannabis is related to or competes with IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX. Decibel Cannabis Company Inc. engages in the cultivation, processing, production, and retail sale of cannabis products i... More
Decibel Cannabis 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 Decibel Cannabis' 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 Decibel Cannabis upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.49 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 39.08 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
Decibel Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Decibel Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Decibel Cannabis' standard deviation. In reality, there are many statistical measures that can use Decibel Cannabis historical prices to predict the future Decibel Cannabis' volatility.| Risk Adjusted Performance | 0.01 | |||
| Jensen Alpha | 0.0977 | |||
| Total Risk Alpha | (1.07) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.0E-4 |
Decibel Cannabis Backtested Returns
At this stage we consider Decibel Stock to be out of control. Decibel Cannabis secures Sharpe Ratio (or Efficiency) of 0.0135, which denotes the company had a 0.0135% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Decibel Cannabis, which you can use to evaluate the volatility of the firm. Please confirm Decibel Cannabis' Semi Deviation of 5.1, downside deviation of 9.49, and Mean Deviation of 4.14 to check if the risk estimate we provide is consistent with the expected return of 0.0912%. Decibel Cannabis has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.81, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Decibel Cannabis are expected to decrease at a much lower rate. During the bear market, Decibel Cannabis is likely to outperform the market. Decibel Cannabis right now shows a risk of 6.74%. Please confirm Decibel Cannabis treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Decibel Cannabis will be following its price patterns.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Decibel Cannabis has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Decibel Cannabis time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Decibel Cannabis price movement. The serial correlation of -0.79 indicates that around 79.0% of current Decibel Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Decibel Cannabis lagged returns against current returns
Autocorrelation, which is Decibel Cannabis 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 Decibel Cannabis' stock expected returns. We can calculate the autocorrelation of Decibel Cannabis returns to help us make a trade decision. For example, suppose you find that Decibel Cannabis 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 |
Decibel Cannabis 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 Decibel Cannabis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Decibel Cannabis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Decibel Cannabis stock over time.
Current vs Lagged Prices |
| Timeline |
Decibel Cannabis Lagged Returns
When evaluating Decibel Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Decibel Cannabis stock have on its future price. Decibel Cannabis 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, Decibel Cannabis autocorrelation shows the relationship between Decibel Cannabis stock current value and its past values and can show if there is a momentum factor associated with investing in Decibel Cannabis.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Decibel Stock Analysis
When running Decibel Cannabis' price analysis, check to measure Decibel Cannabis' 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 Decibel Cannabis is operating at the current time. Most of Decibel Cannabis' value examination focuses on studying past and present price action to predict the probability of Decibel Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Decibel Cannabis' price. Additionally, you may evaluate how the addition of Decibel Cannabis to your portfolios can decrease your overall portfolio volatility.