Cannlabs Stock Odds of Future Pink Sheet Price Finishing Under -1.35E-4
| CANL Stock | USD 0.0001 0.00 0.00% |
Cannlabs |
Cannlabs Target Price Odds to finish below -1.35E-4
The tendency of Cannlabs Pink Sheet price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $(0.0001) or more in 90 days |
| 0.0001 | 90 days | (0.0001) | about 7.94 |
Based on a normal probability distribution, the odds of Cannlabs to drop to $(0.0001) or more in 90 days from now is about 7.94 (This Cannlabs probability density function shows the probability of Cannlabs Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Cannlabs price to stay between $(0.0001) and its current price of $1.0E-4 at the end of the 90-day period is about 9.58 .
Given the investment horizon of 90 days Cannlabs has a beta of -4.53 suggesting as returns on its benchmark rise, returns on holding Cannlabs are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Cannlabs is expected to outperform its benchmark. Additionally Cannlabs has an alpha of 0.5359, implying that it can generate a 0.54 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Cannlabs Price Density |
| Price |
Predictive Modules for Cannlabs
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cannlabs. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Cannlabs Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cannlabs is not an exception. The market had few large corrections towards the Cannlabs' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Cannlabs, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cannlabs within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.54 | |
β | Beta against Dow Jones | -4.53 | |
σ | Overall volatility | 0.0005 | |
Ir | Information ratio | 0 |
Cannlabs Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Cannlabs for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cannlabs can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cannlabs had very high historical volatility over the last 90 days | |
| Cannlabs has some characteristics of a very speculative penny stock | |
| Cannlabs has a very high chance of going through financial distress in the upcoming years | |
| The company has a current ratio of 0.09, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Cannlabs until it has trouble settling it off, either with new capital or with free cash flow. So, Cannlabs' 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 Cannlabs sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cannlabs to invest in growth at high rates of return. When we think about Cannlabs' use of debt, we should always consider it together with cash and equity. | |
| Cannlabs reported the previous year's revenue of 1.36 M. Net Loss for the year was (1.58 M) with profit before overhead, payroll, taxes, and interest of 478.11 K. | |
| Cannlabs currently holds about 17.59 K in cash with (1.26 M) of positive cash flow from operations. |
Cannlabs Technical Analysis
Cannlabs' future price can be derived by breaking down and analyzing its technical indicators over time. Cannlabs Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cannlabs. In general, you should focus on analyzing Cannlabs Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Cannlabs Predictive Forecast Models
Cannlabs' time-series forecasting models is one of many Cannlabs' pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Cannlabs' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the pink sheet market movement and maximize returns from investment trading.
Things to note about Cannlabs
Checking the ongoing alerts about Cannlabs for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cannlabs help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cannlabs had very high historical volatility over the last 90 days | |
| Cannlabs has some characteristics of a very speculative penny stock | |
| Cannlabs has a very high chance of going through financial distress in the upcoming years | |
| The company has a current ratio of 0.09, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Cannlabs until it has trouble settling it off, either with new capital or with free cash flow. So, Cannlabs' 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 Cannlabs sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cannlabs to invest in growth at high rates of return. When we think about Cannlabs' use of debt, we should always consider it together with cash and equity. | |
| Cannlabs reported the previous year's revenue of 1.36 M. Net Loss for the year was (1.58 M) with profit before overhead, payroll, taxes, and interest of 478.11 K. | |
| Cannlabs currently holds about 17.59 K in cash with (1.26 M) of positive cash flow from operations. |
Other Information on Investing in Cannlabs Pink Sheet
Cannlabs financial ratios help investors to determine whether Cannlabs 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 Cannlabs with respect to the benefits of owning Cannlabs security.