Decibel Cannabis Stock Performance
| DB Stock | CAD 0.07 0.01 8.33% |
On a scale of 0 to 100, Decibel Cannabis holds a performance score of 2. The firm shows a Beta (market volatility) of -1.07, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Decibel Cannabis are expected to decrease slowly. On the other hand, during market turmoil, Decibel Cannabis is expected to outperform it slightly. Please check Decibel Cannabis' downside deviation, treynor ratio, expected short fall, as well as the relationship between the jensen alpha and potential upside , to make a quick decision on whether Decibel Cannabis' price patterns will revert.
Risk-Adjusted Performance
2 of 100
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Decibel Cannabis are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating basic indicators, Decibel Cannabis showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:2 | Dividend Date 2019-01-09 | Last Split Date 2019-01-09 |
| Begin Period Cash Flow | 4.4 M | |
| Free Cash Flow | 2.9 M |
Decibel |
Decibel Cannabis Relative Risk vs. Return Landscape
If you would invest 6.50 in Decibel Cannabis on August 31, 2024 and sell it today you would earn a total of 0.00 from holding Decibel Cannabis or generate 0.0% return on investment over 90 days. Decibel Cannabis is currently generating 0.2256% in daily expected returns and assumes 6.819% risk (volatility on return distribution) over the 90 days horizon. In different words, 60% of stocks are less volatile than Decibel, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Decibel Cannabis Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Decibel Cannabis' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Decibel Cannabis, and traders can use it to determine the average amount a Decibel Cannabis' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0331
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Estimated Market Risk
| 6.82 actual daily | 60 60% of assets are less volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Decibel Cannabis is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Decibel Cannabis by adding it to a well-diversified portfolio.
Decibel Cannabis Fundamentals Growth
Decibel Stock prices reflect investors' perceptions of the future prospects and financial health of Decibel Cannabis, and Decibel Cannabis fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Decibel Stock performance.
| Return On Equity | -0.0105 | ||||
| Return On Asset | 0.0304 | ||||
| Profit Margin | (0.04) % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 72.13 M | ||||
| Shares Outstanding | 462.19 M | ||||
| Price To Book | 0.71 X | ||||
| Price To Sales | 0.28 X | ||||
| Revenue | 114.02 M | ||||
| Gross Profit | 26.43 M | ||||
| EBITDA | 9.26 M | ||||
| Net Income | (3.73 M) | ||||
| Cash And Equivalents | 4.46 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 48.39 M | ||||
| Debt To Equity | 1.40 % | ||||
| Current Ratio | 0.94 X | ||||
| Book Value Per Share | 0.11 X | ||||
| Cash Flow From Operations | 5.06 M | ||||
| Earnings Per Share | (0.01) X | ||||
| Market Capitalization | 30.04 M | ||||
| Total Asset | 140.88 M | ||||
| Retained Earnings | (22.41 M) | ||||
| Working Capital | 15.89 M | ||||
About Decibel Cannabis Performance
Evaluating Decibel Cannabis' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Decibel Cannabis has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Decibel Cannabis has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 239.91 | 410.27 | |
| Return On Tangible Assets | (0.01) | (0.01) | |
| Return On Capital Employed | 0.02 | 0.02 | |
| Return On Assets | (0.01) | (0.01) | |
| Return On Equity | (0.04) | (0.04) |
Things to note about Decibel Cannabis performance evaluation
Checking the ongoing alerts about Decibel Cannabis for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Decibel Cannabis help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Decibel Cannabis had very high historical volatility over the last 90 days | |
| Decibel Cannabis has some characteristics of a very speculative penny stock | |
| Decibel Cannabis has high likelihood to experience some financial distress in the next 2 years | |
| Decibel Cannabis currently holds 48.39 M in liabilities with Debt to Equity (D/E) ratio of 1.4, which is about average as compared to similar companies. Decibel Cannabis has a current ratio of 0.92, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Decibel Cannabis until it has trouble settling it off, either with new capital or with free cash flow. So, Decibel Cannabis' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Decibel Cannabis sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Decibel to invest in growth at high rates of return. When we think about Decibel Cannabis' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 114.02 M. Net Loss for the year was (3.73 M) with profit before overhead, payroll, taxes, and interest of 26.43 M. |
- Analyzing Decibel Cannabis' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Decibel Cannabis' stock is overvalued or undervalued compared to its peers.
- Examining Decibel Cannabis' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Decibel Cannabis' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Decibel Cannabis' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Decibel Cannabis' stock. These opinions can provide insight into Decibel Cannabis' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Decibel Stock Analysis
When running Decibel Cannabis' price analysis, check to measure Decibel Cannabis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Decibel Cannabis is operating at the current time. Most of Decibel Cannabis' value examination focuses on studying past and present price action to predict the probability of Decibel Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Decibel Cannabis' price. Additionally, you may evaluate how the addition of Decibel Cannabis to your portfolios can decrease your overall portfolio volatility.