Canntab Therapeutics Limited Stock Technical Analysis
| CTABF Stock | USD 0.0001 0.00 0.00% |
As of the 23rd of November, Canntab Therapeutics shows the Risk Adjusted Performance of (0.09), mean deviation of 2.84, and Standard Deviation of 11.69. Canntab Therapeutics technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Canntab Therapeutics variance and maximum drawdown to decide if Canntab Therapeutics is priced correctly, providing market reflects its regular price of 1.0E-4 per share. As Canntab Therapeutics appears to be a penny stock we also recommend to validate its information ratio numbers.
Canntab Therapeutics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Canntab, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CanntabCanntab |
Canntab Therapeutics technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Canntab Therapeutics Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Canntab Therapeutics volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Canntab Therapeutics Trend Analysis
Use this graph to draw trend lines for Canntab Therapeutics Limited. You can use it to identify possible trend reversals for Canntab Therapeutics as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Canntab Therapeutics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Canntab Therapeutics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Canntab Therapeutics Limited applied against its price change over selected period. The best fit line has a slop of 0 , which may suggest that Canntab Therapeutics Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Canntab Therapeutics price change compared to its average price change.About Canntab Therapeutics Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Canntab Therapeutics Limited on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Canntab Therapeutics Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canntab Therapeutics price pattern first instead of the macroeconomic environment surrounding Canntab Therapeutics. By analyzing Canntab Therapeutics's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Canntab Therapeutics's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Canntab Therapeutics specific price patterns or momentum indicators. Please read more on our technical analysis page.
Canntab Therapeutics November 23, 2024 Technical Indicators
Most technical analysis of Canntab 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 Canntab from various momentum indicators to cycle indicators. When you analyze Canntab charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.09) | |||
| Market Risk Adjusted Performance | 0.5555 | |||
| Mean Deviation | 2.84 | |||
| Coefficient Of Variation | (812.40) | |||
| Standard Deviation | 11.69 | |||
| Variance | 136.74 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (1.13) | |||
| Total Risk Alpha | (3.29) | |||
| Treynor Ratio | 0.5455 | |||
| Maximum Drawdown | 95.0 | |||
| Skewness | (8.12) | |||
| Kurtosis | 66.0 |
Complementary Tools for Canntab Pink Sheet analysis
When running Canntab Therapeutics' price analysis, check to measure Canntab Therapeutics' 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 Canntab Therapeutics is operating at the current time. Most of Canntab Therapeutics' value examination focuses on studying past and present price action to predict the probability of Canntab Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canntab Therapeutics' price. Additionally, you may evaluate how the addition of Canntab Therapeutics to your portfolios can decrease your overall portfolio volatility.
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