Verano Holdings Corp Stock Market Value
| VRNOF Stock | USD 1.64 0.09 5.81% |
| Symbol | Verano |
Verano Holdings '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 Verano Holdings' otc 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 Verano Holdings.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in Verano Holdings on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding Verano Holdings Corp or generate 0.0% return on investment in Verano Holdings over 600 days. Verano Holdings is related to or competes with Genomma Lab. Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States More
Verano Holdings 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 Verano Holdings' otc 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 Verano Holdings Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 39.52 | |||
| Value At Risk | (8.52) | |||
| Potential Upside | 7.42 |
Verano Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Verano Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Verano Holdings' standard deviation. In reality, there are many statistical measures that can use Verano Holdings historical prices to predict the future Verano Holdings' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (1.01) | |||
| Total Risk Alpha | (1.96) | |||
| Treynor Ratio | 1.51 |
Verano Holdings Corp Backtested Returns
Verano Holdings Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Verano Holdings Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Verano Holdings' Risk Adjusted Performance of (0.11), coefficient of variation of (626.28), and Variance of 45.05 to confirm the risk estimate we provide. The entity has a beta of -0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Verano Holdings are expected to decrease at a much lower rate. During the bear market, Verano Holdings is likely to outperform the market. At this point, Verano Holdings Corp has a negative expected return of -1.07%. Please make sure to validate Verano Holdings' value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Verano Holdings Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Verano Holdings Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Verano Holdings time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 Verano Holdings Corp price movement. The serial correlation of -0.74 indicates that around 74.0% of current Verano Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
Verano Holdings Corp lagged returns against current returns
Autocorrelation, which is Verano Holdings otc 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 Verano Holdings' otc stock expected returns. We can calculate the autocorrelation of Verano Holdings returns to help us make a trade decision. For example, suppose you find that Verano Holdings has exhibited high autocorrelation historically, and you observe that the otc 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 |
Verano Holdings 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 Verano Holdings otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Verano Holdings otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Verano Holdings otc stock over time.
Current vs Lagged Prices |
| Timeline |
Verano Holdings Lagged Returns
When evaluating Verano Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Verano Holdings otc stock have on its future price. Verano Holdings 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, Verano Holdings autocorrelation shows the relationship between Verano Holdings otc stock current value and its past values and can show if there is a momentum factor associated with investing in Verano Holdings Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Verano OTC Stock
Verano Holdings financial ratios help investors to determine whether Verano OTC Stock 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 Verano with respect to the benefits of owning Verano Holdings security.