Yourway Cannabis Brands Stock Market Value
YourWay Cannabis' market value is the price at which a share of YourWay Cannabis trades on a public exchange. It measures the collective expectations of YourWay Cannabis Brands investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of YourWay Cannabis Brands and determine expected loss or profit from investing in YourWay Cannabis over a given investment horizon. Check out YourWay Cannabis Correlation, YourWay Cannabis Volatility and YourWay Cannabis Alpha and Beta module to complement your research on YourWay Cannabis.
| Symbol | YourWay |
YourWay 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 YourWay 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 YourWay Cannabis.
| 02/18/2023 |
| 02/07/2025 |
If you would invest 0.00 in YourWay Cannabis on February 18, 2023 and sell it all today you would earn a total of 0.00 from holding YourWay Cannabis Brands or generate 0.0% return on investment in YourWay Cannabis over 720 days. YourWay Cannabis is related to or competes with Vext Science, and Grown Rogue. YourWay Cannabis Brands Inc. operates as a multi-state cannabis operator with sales and operations in Arizona and Califo... More
YourWay 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 YourWay 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 YourWay Cannabis Brands upside and downside potential and time the market with a certain degree of confidence.
YourWay Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YourWay Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YourWay Cannabis' standard deviation. In reality, there are many statistical measures that can use YourWay Cannabis historical prices to predict the future YourWay Cannabis' volatility.YourWay Cannabis Brands Backtested Returns
We have found zero technical indicators for YourWay Cannabis Brands, which you can use to evaluate the volatility of the company. The firm maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and YourWay Cannabis are completely uncorrelated.
Auto-correlation | -0.38 |
Poor reverse predictability
YourWay Cannabis Brands has poor reverse predictability. Overlapping area represents the amount of predictability between YourWay Cannabis time series from 18th of February 2023 to 13th of February 2024 and 13th of February 2024 to 7th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of YourWay Cannabis Brands price movement. The serial correlation of -0.38 indicates that just about 38.0% of current YourWay Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
YourWay Cannabis Brands lagged returns against current returns
Autocorrelation, which is YourWay 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 YourWay Cannabis' pink sheet expected returns. We can calculate the autocorrelation of YourWay Cannabis returns to help us make a trade decision. For example, suppose you find that YourWay 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 |
YourWay 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 YourWay Cannabis pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YourWay 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 YourWay Cannabis pink sheet over time.
Current vs Lagged Prices |
| Timeline |
YourWay Cannabis Lagged Returns
When evaluating YourWay Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YourWay Cannabis pink sheet have on its future price. YourWay 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, YourWay Cannabis autocorrelation shows the relationship between YourWay Cannabis pink sheet current value and its past values and can show if there is a momentum factor associated with investing in YourWay Cannabis Brands.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in YourWay Pink Sheet
YourWay Cannabis financial ratios help investors to determine whether YourWay 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 YourWay with respect to the benefits of owning YourWay Cannabis security.