Im Cannabis Corp Stock Market Value
| IMCC Stock | USD 2.19 0.04 1.79% |
| Symbol | IMCC |
Is Biotechnology 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 Im Cannabis. If investors know IMCC 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 Im Cannabis 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 Im Cannabis Corp is measured differently than its book value, which is the value of IMCC that is recorded on the company's balance sheet. Investors also form their own opinion of Im Cannabis' value that differs from its market value or its book value, called intrinsic value, which is Im Cannabis' 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 Im Cannabis' market value can be influenced by many factors that don't directly affect Im Cannabis' 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 Im Cannabis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Im Cannabis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Im Cannabis' 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.
Im 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 Im 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 Im Cannabis.
| 12/20/2024 |
| 01/19/2025 |
If you would invest 0.00 in Im Cannabis on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Im Cannabis Corp or generate 0.0% return on investment in Im Cannabis over 30 days. Im Cannabis is related to or competes with Biofrontera, Universe Pharmaceuticals, Raphael Pharmaceutical, Ascend Wellness, Incannex Healthcare, Phibro Animal, and Supernus Pharmaceuticals. IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel, Germany, and Canada More
Im 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 Im 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 Im Cannabis Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.98 | |||
| Information Ratio | 0.0436 | |||
| Maximum Drawdown | 74.04 | |||
| Value At Risk | (10.21) | |||
| Potential Upside | 8.72 |
Im Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Im Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Im Cannabis' standard deviation. In reality, there are many statistical measures that can use Im Cannabis historical prices to predict the future Im Cannabis' volatility.| Risk Adjusted Performance | 0.0483 | |||
| Jensen Alpha | 0.425 | |||
| Total Risk Alpha | 0.2044 | |||
| Sortino Ratio | 0.0575 | |||
| Treynor Ratio | (2.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Im Cannabis' 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.
Im Cannabis Corp Backtested Returns
Im Cannabis appears to be dangerous, given 3 months investment horizon. Im Cannabis Corp retains Efficiency (Sharpe Ratio) of 0.0469, which attests that the entity had a 0.0469% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for Im Cannabis, which you can use to evaluate the volatility of the firm. Please utilize Im Cannabis' Standard Deviation of 9.2, market risk adjusted performance of (2.15), and Semi Deviation of 6.53 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Im Cannabis holds a performance score of 3. The company owns a Beta (Systematic Risk) of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Im Cannabis are expected to decrease at a much lower rate. During the bear market, Im Cannabis is likely to outperform the market. Please check Im Cannabis' treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Im Cannabis' current price history will revert.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Im Cannabis Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Im Cannabis time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Im Cannabis Corp price movement. The serial correlation of -0.79 indicates that around 79.0% of current Im Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Im Cannabis Corp lagged returns against current returns
Autocorrelation, which is Im 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 Im Cannabis' stock expected returns. We can calculate the autocorrelation of Im Cannabis returns to help us make a trade decision. For example, suppose you find that Im 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 |
Im 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 Im Cannabis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Im Cannabis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Im Cannabis stock over time.
Current vs Lagged Prices |
| Timeline |
Im Cannabis Lagged Returns
When evaluating Im Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Im Cannabis stock have on its future price. Im 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, Im Cannabis autocorrelation shows the relationship between Im Cannabis stock current value and its past values and can show if there is a momentum factor associated with investing in Im Cannabis Corp.
Regressed Prices |
| Timeline |
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Check out Im Cannabis Correlation, Im Cannabis Volatility and Im Cannabis Alpha and Beta module to complement your research on Im Cannabis. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Im Cannabis 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.