22nd Century Group Stock Market Value
| XXII Stock | USD 0.11 0.02 22.22% |
| Symbol | 22nd |
22nd Century Group Price To Book Ratio
Is Tobacco 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 22nd Century. If investors know 22nd 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 22nd Century listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (17.92) | Revenue Per Share 1.461 | Quarterly Revenue Growth (0.61) | Return On Assets (0.23) | Return On Equity 0.3628 |
The market value of 22nd Century Group is measured differently than its book value, which is the value of 22nd that is recorded on the company's balance sheet. Investors also form their own opinion of 22nd Century's value that differs from its market value or its book value, called intrinsic value, which is 22nd Century's 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 22nd Century's market value can be influenced by many factors that don't directly affect 22nd Century's 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 22nd Century's value and its price as these two are different measures arrived at by different means. Investors typically determine if 22nd Century is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 22nd Century's 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.
22nd Century '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 22nd Century's 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 22nd Century.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in 22nd Century on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding 22nd Century Group or generate 0.0% return on investment in 22nd Century over 30 days. 22nd Century is related to or competes with Turning Point, Imperial Brands, Kaival Brands, Pyxus International, Greenlane Holdings, RLX Technology, and Universal. 22nd Century Group, Inc., an agricultural biotechnology company, focuses on tobacco harm reduction, reduced nicotine tob... More
22nd Century 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 22nd Century's 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 22nd Century Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 44.68 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 11.54 |
22nd Century Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 22nd Century's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 22nd Century's standard deviation. In reality, there are many statistical measures that can use 22nd Century historical prices to predict the future 22nd Century's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (2.30) | |||
| Total Risk Alpha | (3.60) | |||
| Treynor Ratio | (2.60) |
22nd Century Group Backtested Returns
22nd Century Group secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15% return per unit of standard deviation over the last 3 months. 22nd Century Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 22nd Century's Mean Deviation of 6.77, variance of 81.22, and Coefficient Of Variation of (410.86) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.85, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 22nd Century's returns are expected to increase less than the market. However, during the bear market, the loss of holding 22nd Century is expected to be smaller as well. At this point, 22nd Century Group has a negative expected return of -1.36%. Please make sure to confirm 22nd Century's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if 22nd Century Group performance from the past will be repeated in the future.
Auto-correlation | -0.42 |
Modest reverse predictability
22nd Century Group has modest reverse predictability. Overlapping area represents the amount of predictability between 22nd Century time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 22nd Century Group price movement. The serial correlation of -0.42 indicates that just about 42.0% of current 22nd Century price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
22nd Century Group lagged returns against current returns
Autocorrelation, which is 22nd Century 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 22nd Century's stock expected returns. We can calculate the autocorrelation of 22nd Century returns to help us make a trade decision. For example, suppose you find that 22nd Century 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 |
22nd Century 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 22nd Century stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 22nd Century stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 22nd Century stock over time.
Current vs Lagged Prices |
| Timeline |
22nd Century Lagged Returns
When evaluating 22nd Century's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 22nd Century stock have on its future price. 22nd Century 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, 22nd Century autocorrelation shows the relationship between 22nd Century stock current value and its past values and can show if there is a momentum factor associated with investing in 22nd Century Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether 22nd Century Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of 22nd Century's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of 22nd Century Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on 22nd Century Group Stock:Check out 22nd Century Correlation, 22nd Century Volatility and 22nd Century Alpha and Beta module to complement your research on 22nd Century. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
22nd Century 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.