22nd Century Group Stock Statistic Functions Beta
| XXII Stock | USD 0.09 0 4.95% |
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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on 22nd Century Group correlated with the market. If Beta is less than 0 22nd Century generally moves in the opposite direction as compared to the market. If 22nd Century Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one 22nd Century Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of 22nd Century is generally in the same direction as the market. If Beta > 1 22nd Century moves generally in the same direction as, but more than the movement of the benchmark.
22nd Century Technical Analysis Modules
Most technical analysis of 22nd Century help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for 22nd from various momentum indicators to cycle indicators. When you analyze 22nd charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About 22nd Century Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 22nd Century Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of 22nd Century Group based on widely used predictive technical indicators. In general, we focus on analyzing 22nd Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build 22nd Century's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of 22nd Century's intrinsic value. In addition to deriving basic predictive indicators for 22nd Century, we also check how macroeconomic factors affect 22nd Century price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2023 | 2024 (projected) | Dividend Yield | 2.29 | 2.03 | Price To Sales Ratio | 0.12 | 0.11 |
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22nd Century Group pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 22nd Century position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 22nd Century will appreciate offsetting losses from the drop in the long position's value.22nd Century Pair Trading
22nd Century Group Pair Trading Analysis
The ability to find closely correlated positions to 22nd Century could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 22nd Century when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 22nd Century - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 22nd Century Group to buy it.
The correlation of 22nd Century is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 22nd Century moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 22nd Century Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 22nd Century can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in 22nd Century Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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.