Cannara Biotech Stock Price on December 3, 2024

LOVFF Stock  USD 0.50  0.05  9.09%   
If you're considering investing in Cannara OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cannara Biotech stands at 0.50, as last reported on the 11th of December 2024, with the highest price reaching 0.50 and the lowest price hitting 0.50 during the day. Cannara Biotech secures Sharpe Ratio (or Efficiency) of -0.0067, which signifies that the company had a -0.0067% return per unit of risk over the last 3 months. Cannara Biotech exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cannara Biotech's Risk Adjusted Performance of 0.0041, standard deviation of 6.13, and Mean Deviation of 2.74 to double-check the risk estimate we provide.
  
Cannara OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0067

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Estimated Market Risk

 6.27
  actual daily
55
55% of assets are less volatile

Expected Return

 -0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Cannara Biotech 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 Cannara Biotech by adding Cannara Biotech to a well-diversified portfolio.

Cannara Biotech Valuation on December 3, 2024

It is possible to determine the worth of Cannara Biotech on a given historical date. On December 3, 2024 Cannara was worth 0.59 at the beginning of the trading date compared to the closed value of 0.59. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cannara Biotech otc stock. Still, in general, we apply an absolute valuation method to find Cannara Biotech'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 Cannara Biotech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cannara Biotech's related companies.
 Open High Low Close Volume
  0.47    0.59    0.47    0.59    5,365  
12/03/2024
  0.59    0.59    0.59    0.59    1.00  
  0.59    0.59    0.59    0.59    1.00  
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Open Value
0.59
0.59
Closing Value
19.41
Upside

Cannara Biotech Trading Date Momentum on December 3, 2024

On December 04 2024 Cannara Biotech was traded for  0.59  at the closing time. The highest daily price throughout the period was 0.59  and the lowest price was  0.59 . There was no trading activity during the period 1.0. Lack of trading volume on 12/04/2024 did not affect price variability. The overall trading delta to current closing price is 15.25% .

Cannara Biotech Fundamentals Correlations and Trends

By evaluating Cannara Biotech'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 Cannara Biotech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cannara financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Cannara Biotech OTC Stock history

Cannara Biotech 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 Cannara is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cannara Biotech 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 Cannara Biotech stock prices may prove useful in developing a viable investing in Cannara Biotech
Cannara Biotech Inc., together with its subsidiaries, engages in the indoor cultivation, processing, and sale of cannabis and cannabis-infused products in Canada. The company was incorporated in 2017 and is headquartered in Saint-Laurent, Canada. Cannara Biotech is traded on OTC Exchange in the United States.

Cannara Biotech OTC Stock Technical Analysis

Cannara Biotech technical otc 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, otc market cycles, or different charting patterns.
A focus of Cannara Biotech technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cannara Biotech trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Cannara Biotech Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Cannara Biotech cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB 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.

Cannara Biotech December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how Cannara Biotech otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cannara Biotech shares will generate the highest return on investment. By undertsting and applying Cannara Biotech otc stock market strength indicators, traders can identify Cannara Biotech entry and exit signals to maximize returns

Cannara Biotech Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Cannara Biotech's price direction in advance. Along with the technical and fundamental analysis of Cannara OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cannara 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.

Complementary Tools for Cannara OTC Stock analysis

When running Cannara Biotech's price analysis, check to measure Cannara Biotech'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 Cannara Biotech is operating at the current time. Most of Cannara Biotech's value examination focuses on studying past and present price action to predict the probability of Cannara Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannara Biotech's price. Additionally, you may evaluate how the addition of Cannara Biotech to your portfolios can decrease your overall portfolio volatility.
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