Medical Cannabis Pay Stock Market Value
| REFG Stock | USD 0.0001 0.00 0.00% |
| Symbol | Medical |
Medical 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 Medical 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 Medical Cannabis.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Medical Cannabis on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Medical Cannabis Pay or generate 0.0% return on investment in Medical Cannabis over 60 days. Medical Cannabis is related to or competes with M3, Mitesco, EGF Theramed, and Scworx Corp. Medical Cannabis Payment Solutions, Inc. develops and markets a payment system for medical cannabis transactions More
Medical 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 Medical 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 Medical Cannabis Pay upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0453 | |||
| Maximum Drawdown | 150.0 |
Medical Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medical Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medical Cannabis' standard deviation. In reality, there are many statistical measures that can use Medical Cannabis historical prices to predict the future Medical Cannabis' volatility.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | 1.05 | |||
| Total Risk Alpha | (1.43) | |||
| Treynor Ratio | (0.30) |
Medical Cannabis Pay Backtested Returns
Medical Cannabis is out of control given 3 months investment horizon. Medical Cannabis Pay has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23% return per unit of risk over the last 3 months. We were able to analyze and collect data for seventeen different technical indicators, which can help you to evaluate if expected returns of 57.94% are justified by taking the suggested risk. Use Medical Cannabis Pay Mean Deviation of 3.01, standard deviation of 13.85, and Risk Adjusted Performance of 0.0513 to evaluate company specific risk that cannot be diversified away. Medical Cannabis holds a performance score of 18 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -2.53, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Medical Cannabis are expected to decrease by larger amounts. On the other hand, during market turmoil, Medical Cannabis is expected to outperform it. Use Medical Cannabis Pay information ratio, as well as the relationship between the skewness and day median price , to analyze future returns on Medical Cannabis Pay.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Medical Cannabis Pay has insignificant reverse predictability. Overlapping area represents the amount of predictability between Medical Cannabis time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Medical Cannabis Pay price movement. The serial correlation of -0.2 indicates that over 20.0% of current Medical Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Medical Cannabis Pay lagged returns against current returns
Autocorrelation, which is Medical 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 Medical Cannabis' pink sheet expected returns. We can calculate the autocorrelation of Medical Cannabis returns to help us make a trade decision. For example, suppose you find that Medical 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 |
Medical 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 Medical Cannabis pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medical 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 Medical Cannabis pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Medical Cannabis Lagged Returns
When evaluating Medical Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medical Cannabis pink sheet have on its future price. Medical 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, Medical Cannabis autocorrelation shows the relationship between Medical Cannabis pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Medical Cannabis Pay.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Medical Pink Sheet
Medical Cannabis financial ratios help investors to determine whether Medical 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 Medical with respect to the benefits of owning Medical Cannabis security.