Pure Global Cannabis Stock Market Value
Pure Global's market value is the price at which a share of Pure Global trades on a public exchange. It measures the collective expectations of Pure Global Cannabis investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Pure Global Cannabis and determine expected loss or profit from investing in Pure Global over a given investment horizon. Check out Pure Global Correlation, Pure Global Volatility and Pure Global Alpha and Beta module to complement your research on Pure Global.
| Symbol | Pure |
Pure Global '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 Pure Global's 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 Pure Global.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pure Global on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Pure Global Cannabis or generate 0.0% return on investment in Pure Global over 30 days. Pure Global is related to or competes with Aurora Cannabis, Canopy Growth, Tilray, Flora Growth, and Charlottes Web. Pure Global Cannabis Inc. produces cannabis products for the medical and adult-use markets in Canada More
Pure Global 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 Pure Global's 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 Pure Global Cannabis upside and downside potential and time the market with a certain degree of confidence.
Pure Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pure Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pure Global's standard deviation. In reality, there are many statistical measures that can use Pure Global historical prices to predict the future Pure Global's volatility.Pure Global Cannabis Backtested Returns
We have found zero technical indicators for Pure Global Cannabis, which you can use to evaluate the volatility of the company. The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Pure Global are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Pure Global Cannabis has no correlation between past and present. Overlapping area represents the amount of predictability between Pure Global 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 Pure Global Cannabis price movement. The serial correlation of 0.0 indicates that just 0.0% of current Pure Global 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 |
Pure Global Cannabis lagged returns against current returns
Autocorrelation, which is Pure Global 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 Pure Global's pink sheet expected returns. We can calculate the autocorrelation of Pure Global returns to help us make a trade decision. For example, suppose you find that Pure Global 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 |
Pure Global 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 Pure Global pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pure Global pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pure Global pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pure Global Lagged Returns
When evaluating Pure Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pure Global pink sheet have on its future price. Pure Global 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, Pure Global autocorrelation shows the relationship between Pure Global pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pure Global Cannabis.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Pure Pink Sheet
Pure Global financial ratios help investors to determine whether Pure 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 Pure with respect to the benefits of owning Pure Global security.