Global Cannabis Applications Stock Market Value
| FUAPF Stock | USD 0 0.0005 13.89% |
| Symbol | Global |
Global 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 Global Cannabis' 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 Global Cannabis.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Global Cannabis on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Global Cannabis Applications or generate 0.0% return on investment in Global Cannabis over 60 days. Global Cannabis is related to or competes with Taoping, Global Blue, Bridgeline Digital, Skkynet Cloud, and Zenvia. Global Compliance Applications Corp. engages in the design, development, marketing, and acquisition of data technologies... More
Global 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 Global Cannabis' 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 Global Cannabis Applications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.31 | |||
| Information Ratio | 0.0791 | |||
| Maximum Drawdown | 96.67 | |||
| Value At Risk | (28.57) | |||
| Potential Upside | 43.33 |
Global Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Cannabis' standard deviation. In reality, there are many statistical measures that can use Global Cannabis historical prices to predict the future Global Cannabis' volatility.| Risk Adjusted Performance | 0.0758 | |||
| Jensen Alpha | 1.22 | |||
| Total Risk Alpha | (1.10) | |||
| Sortino Ratio | 0.07 | |||
| Treynor Ratio | 0.6818 |
Global Cannabis Appl Backtested Returns
Global Cannabis is out of control given 3 months investment horizon. Global Cannabis Appl holds Efficiency (Sharpe) Ratio of 0.0664, which attests that the entity had a 0.0664% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Global Cannabis Applications Downside Deviation of 19.31, market risk adjusted performance of 0.6918, and Risk Adjusted Performance of 0.0758 to evaluate company specific risk that cannot be diversified away. Global Cannabis holds a performance score of 5 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 2.15, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Global Cannabis will likely underperform. Use Global Cannabis Applications sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to analyze future returns on Global Cannabis Applications.
Auto-correlation | 0.11 |
Insignificant predictability
Global Cannabis Applications has insignificant predictability. Overlapping area represents the amount of predictability between Global Cannabis time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th 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 Global Cannabis Appl price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Global Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Cannabis Appl lagged returns against current returns
Autocorrelation, which is Global Cannabis 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 Global Cannabis' pink sheet expected returns. We can calculate the autocorrelation of Global Cannabis returns to help us make a trade decision. For example, suppose you find that Global Cannabis 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 |
Global 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 Global Cannabis pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Cannabis pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Cannabis pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Global Cannabis Lagged Returns
When evaluating Global Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Cannabis pink sheet have on its future price. Global 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, Global Cannabis autocorrelation shows the relationship between Global Cannabis pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Global Cannabis Applications.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Global Pink Sheet
Global Cannabis financial ratios help investors to determine whether Global Pink Sheet 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 Global with respect to the benefits of owning Global Cannabis security.