Medican Enterprises Stock Market Value
Medican Enterprises' market value is the price at which a share of Medican Enterprises trades on a public exchange. It measures the collective expectations of Medican Enterprises investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Medican Enterprises and determine expected loss or profit from investing in Medican Enterprises over a given investment horizon. Check out Medican Enterprises Correlation, Medican Enterprises Volatility and Medican Enterprises Alpha and Beta module to complement your research on Medican Enterprises.
| Symbol | Medican |
Medican Enterprises '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 Medican Enterprises' 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 Medican Enterprises.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Medican Enterprises on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Medican Enterprises or generate 0.0% return on investment in Medican Enterprises over 30 days. Medican Enterprises is related to or competes with MDJM, Re Max, and Kennedy Wilson. Medican Enterprises, Inc., a bio-pharmaceutical company, focuses on pursuing business opportunities in the medical and r... More
Medican Enterprises 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 Medican Enterprises' 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 Medican Enterprises upside and downside potential and time the market with a certain degree of confidence.
Medican Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medican Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medican Enterprises' standard deviation. In reality, there are many statistical measures that can use Medican Enterprises historical prices to predict the future Medican Enterprises' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Medican Enterprises' 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.
Medican Enterprises Backtested Returns
We have found zero technical indicators for Medican Enterprises, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Medican Enterprises are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Medican Enterprises has no correlation between past and present. Overlapping area represents the amount of predictability between Medican Enterprises time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Medican Enterprises price movement. The serial correlation of 0.0 indicates that just 0.0% of current Medican Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Medican Enterprises lagged returns against current returns
Autocorrelation, which is Medican Enterprises 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 Medican Enterprises' pink sheet expected returns. We can calculate the autocorrelation of Medican Enterprises returns to help us make a trade decision. For example, suppose you find that Medican Enterprises 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 |
Medican Enterprises 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 Medican Enterprises pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medican Enterprises pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medican Enterprises pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Medican Enterprises Lagged Returns
When evaluating Medican Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medican Enterprises pink sheet have on its future price. Medican Enterprises 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, Medican Enterprises autocorrelation shows the relationship between Medican Enterprises pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Medican Enterprises.
Regressed Prices |
| Timeline |
Pair Trading with Medican Enterprises
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Medican Enterprises position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Medican Enterprises will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Medican Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medican Enterprises when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Medican Enterprises - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Medican Enterprises to buy it.
The correlation of Medican Enterprises is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Medican Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medican Enterprises moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Medican Enterprises can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Medican Pink Sheet
Medican Enterprises financial ratios help investors to determine whether Medican 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 Medican with respect to the benefits of owning Medican Enterprises security.