Cannabotech (Israel) Price on May 3, 2023
CNTC Stock | 149.30 1.40 0.93% |
If you're considering investing in Cannabotech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cannabotech stands at 149.30, as last reported on the 16th of December 2024, with the highest price reaching 159.00 and the lowest price hitting 139.00 during the day. Cannabotech secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Cannabotech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cannabotech's Standard Deviation of 18.56, mean deviation of 6.12, and Risk Adjusted Performance of 8.0E-4 to double-check the risk estimate we provide.
Cannabotech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cannabotech |
Sharpe Ratio = -0.1747
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Estimated Market Risk
5.33 actual daily | 47 53% of assets are more volatile |
Expected Return
-0.93 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cannabotech is not performing at its full potential. However, 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 Cannabotech by adding Cannabotech to a well-diversified portfolio.
Cannabotech Valuation on May 3, 2023
It is possible to determine the worth of Cannabotech on a given historical date. On May 3, 2023 Cannabotech was worth 1454.0 at the beginning of the trading date compared to the closed value of 1464.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cannabotech stock. Still, in general, we apply an absolute valuation method to find Cannabotech's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cannabotech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cannabotech's related companies.
Open | High | Low | Close | Volume | |
1,456 | 1,480 | 1,456 | 1,470 | 1,051 | |
05/03/2023 | 1,454 | 1,470 | 1,450 | 1,464 | 940.00 |
1,463 | 1,463 | 1,431 | 1,436 | 1,286 |
Backtest Cannabotech | | | Cannabotech History | | | Cannabotech Valuation | Previous | Next |
Cannabotech Trading Date Momentum on May 3, 2023
On May 04 2023 Cannabotech was traded for 1,436 at the closing time. The highest price during the trading period was 1,463 and the lowest recorded bid was listed for 1,431 . The volume for the day was 1.3 K. This history from May 4, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.91% . The overall trading delta to the current price is 2.39% . |
Cannabotech Fundamentals Correlations and Trends
By evaluating Cannabotech's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cannabotech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cannabotech financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cannabotech Stock history
Cannabotech investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cannabotech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cannabotech will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cannabotech stock prices may prove useful in developing a viable investing in Cannabotech
Cannabotech Stock Technical Analysis
Cannabotech technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
Cannabotech Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Cannabotech cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cannabotech December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Cannabotech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cannabotech shares will generate the highest return on investment. By undertsting and applying Cannabotech stock market strength indicators, traders can identify Cannabotech entry and exit signals to maximize returns
Cannabotech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cannabotech's price direction in advance. Along with the technical and fundamental analysis of Cannabotech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cannabotech to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 8.0E-4 | |||
Jensen Alpha | 0.0263 | |||
Total Risk Alpha | (2.54) | |||
Treynor Ratio | 0.0811 |
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Pattern Recognition | ||
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Volume Indicators |
Complementary Tools for Cannabotech Stock analysis
When running Cannabotech's price analysis, check to measure Cannabotech's 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 Cannabotech is operating at the current time. Most of Cannabotech's value examination focuses on studying past and present price action to predict the probability of Cannabotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannabotech's price. Additionally, you may evaluate how the addition of Cannabotech to your portfolios can decrease your overall portfolio volatility.
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