Target Group Stock Market Value
| CBDY Stock | USD 0 0.0002 10.53% |
| Symbol | Target |
Target 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Target's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Target.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Target on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Target Group or generate 0.0% return on investment in Target over 180 days. Target Group Inc. cultivates, processes, and distributes curated cannabis products for the adult-use medical and recreat... More
Target Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Target's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Target Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.17 | |||
| Information Ratio | 0.028 | |||
| Maximum Drawdown | 76.03 | |||
| Value At Risk | (19.23) | |||
| Potential Upside | 14.29 |
Target Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Target's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Target's standard deviation. In reality, there are many statistical measures that can use Target historical prices to predict the future Target's volatility.| Risk Adjusted Performance | 0.0349 | |||
| Jensen Alpha | 0.398 | |||
| Total Risk Alpha | (1.30) | |||
| Sortino Ratio | 0.025 | |||
| Treynor Ratio | 0.462 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Target's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Target Group Backtested Returns
Target appears to be out of control, given 3 months investment horizon. Target Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0683, which indicates the firm had a 0.0683% return per unit of risk over the last 3 months. By inspecting Target's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please review Target's Semi Deviation of 10.32, risk adjusted performance of 0.0349, and Coefficient Of Variation of 2859.34 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Target holds a performance score of 5. The entity has a beta of 1.07, which indicates a somewhat significant risk relative to the market. Target returns are very sensitive to returns on the market. As the market goes up or down, Target is expected to follow. Please check Target's maximum drawdown, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Target's existing price patterns will revert.
Auto-correlation | 0.02 |
Virtually no predictability
Target Group has virtually no predictability. Overlapping area represents the amount of predictability between Target time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Target Group price movement. The serial correlation of 0.02 indicates that only 2.0% of current Target price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Target Group lagged returns against current returns
Autocorrelation, which is Target pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Target's pink sheet expected returns. We can calculate the autocorrelation of Target returns to help us make a trade decision. For example, suppose you find that Target has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Target regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Target pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Target pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Target pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Target Lagged Returns
When evaluating Target's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Target pink sheet have on its future price. Target autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Target autocorrelation shows the relationship between Target pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Target Group.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Target Pink Sheet Analysis
When running Target's price analysis, check to measure Target'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 Target is operating at the current time. Most of Target's value examination focuses on studying past and present price action to predict the probability of Target's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Target's price. Additionally, you may evaluate how the addition of Target to your portfolios can decrease your overall portfolio volatility.