Cannabis Global Stock Volatility
| CBGL Stock | USD 0.0001 0.00 0.00% |
Cannabis Global is out of control given 3 months investment horizon. Cannabis Global secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28% return per unit of risk over the last 3 months. We were able to analyze and collect data for nineteen different technical indicators, which can help you to evaluate if expected returns of 84.92% are justified by taking the suggested risk. Use Cannabis Global Mean Deviation of 3.01, risk adjusted performance of 0.0513, and Standard Deviation of 13.85 to evaluate company specific risk that cannot be diversified away. Key indicators related to Cannabis Global's volatility include:
720 Days Market Risk | Chance Of Distress | 720 Days Economic Sensitivity |
Cannabis Global Pink Sheet volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Cannabis daily returns, and it is calculated using variance and standard deviation. We also use Cannabis's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Cannabis Global volatility.
Cannabis |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Cannabis Global at lower prices. For example, an investor can purchase Cannabis stock that has halved in price over a short period. This will lower their average cost per share, thereby improving the overall portfolio performance when market normalizes.
Cannabis Global Market Sensitivity And Downside Risk
Cannabis Global's beta coefficient measures the volatility of Cannabis pink sheet compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Cannabis pink sheet's returns against your selected market. In other words, Cannabis Global's beta of 1.31 provides an investor with an approximation of how much risk Cannabis Global pink sheet can potentially add to one of your existing portfolios. Cannabis Global is displaying above-average volatility over the selected time horizon. Cannabis Global appears to be a penny stock. Although Cannabis Global may be, in fact, a solid short-term or long term investment, many penny pink sheets are speculative investment instruments that are often subject to artificial stock promotion and campaigns of hype which may lead to misinformation and misrepresentation. Please make sure you fully understand upside potential and downside risks of investing in Cannabis Global or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswing without any event/news,and sudden news releases. We also encourage traders to check biographies and work history of company President, CEO or other officers before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Cannabis instrument if you perfectly time your entry and exit. However, remember that penny pink sheets that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Cannabis Global Demand TrendCheck current 90 days Cannabis Global correlation with market (Dow Jones Industrial)Cannabis Beta |
Cannabis standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 301.29 |
It is essential to understand the difference between upside risk (as represented by Cannabis Global's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Cannabis Global's daily returns or price. Since the actual investment returns on holding a position in cannabis pink sheet tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Cannabis Global.
Cannabis Global Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Cannabis Global pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Cannabis Global's price changes. Investors will then calculate the volatility of Cannabis Global's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Cannabis Global's volatility:
Historical Volatility
This type of pink sheet volatility measures Cannabis Global's fluctuations based on previous trends. It's commonly used to predict Cannabis Global's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Cannabis Global's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Cannabis Global's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Cannabis Global Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Cannabis Global Projected Return Density Against Market
Given the investment horizon of 90 days the pink sheet has the beta coefficient of 1.3098 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Cannabis Global will likely underperform.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Cannabis Global or Healthcare sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Cannabis Global's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Cannabis pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Cannabis Global has an alpha of 0.5899, implying that it can generate a 0.59 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives a Cannabis Global Price Volatility?
Several factors can influence a pink sheet's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Cannabis Global Pink Sheet Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Cannabis Global is 354.79. The daily returns are distributed with a variance of 90777.01 and standard deviation of 301.29. The mean deviation of Cannabis Global is currently at 174.78. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 0.59 | |
β | Beta against Dow Jones | 1.31 | |
σ | Overall volatility | 301.29 | |
Ir | Information ratio | 0.05 |
Cannabis Global Pink Sheet Return Volatility
Cannabis Global historical daily return volatility represents how much of Cannabis Global pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company inherits 301.2922% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7734% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Cannabis Global Volatility
Volatility is a rate at which the price of Cannabis Global or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Cannabis Global may increase or decrease. In other words, similar to Cannabis's beta indicator, it measures the risk of Cannabis Global and helps estimate the fluctuations that may happen in a short period of time. So if prices of Cannabis Global fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.Cannabis Global, Inc. focuses on the creating and commercialization of engineered technologies to deliver hemp extracts and cannabinoids to the human body. Cannabis Global, Inc. was incorporated in 2005 and is headquartered in Los Angeles, California. Cannabis Global operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 3 people.
Cannabis Global's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Cannabis Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Cannabis Global's price varies over time.
3 ways to utilize Cannabis Global's volatility to invest better
Higher Cannabis Global's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Cannabis Global stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Cannabis Global stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Cannabis Global investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Cannabis Global's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Cannabis Global's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Cannabis Global Investment Opportunity
Cannabis Global has a volatility of 301.29 and is 391.29 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Cannabis Global is higher than 96 percent of all global equities and portfolios over the last 90 days. You can use Cannabis Global to protect your portfolios against small market fluctuations. The pink sheet experiences a normal downward fluctuation but is a risky buy. Check odds of Cannabis Global to be traded at $1.0E-4 in 90 days.Significant diversification
The correlation between Cannabis Global and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cannabis Global and DJI in the same portfolio, assuming nothing else is changed.
Cannabis Global Additional Risk Indicators
The analysis of Cannabis Global's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Cannabis Global's investment and either accepting that risk or mitigating it. Along with some common measures of Cannabis Global pink sheet's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0513 | |||
| Market Risk Adjusted Performance | 0.5808 | |||
| Mean Deviation | 3.01 | |||
| Coefficient Of Variation | 1827.74 | |||
| Standard Deviation | 13.85 | |||
| Variance | 191.72 | |||
| Information Ratio | 0.0453 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Cannabis Global Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Cannabis Global as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Cannabis Global's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Cannabis Global's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Cannabis Global.
Other Information on Investing in Cannabis Pink Sheet
Cannabis Global financial ratios help investors to determine whether Cannabis 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 Cannabis with respect to the benefits of owning Cannabis Global security.