Cannabotech (Israel) Market Value
| CNTC Stock | 149.30 1.40 0.93% |
| Symbol | Cannabotech |
Cannabotech '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 Cannabotech's stock 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 Cannabotech.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Cannabotech on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Cannabotech or generate 0.0% return on investment in Cannabotech over 30 days. Cannabotech is related to or competes with Intelicanna, Opal Balance, B Communications, Mivne Real, Photomyne, and M Yochananof. More
Cannabotech 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 Cannabotech's stock 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 Cannabotech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 157.74 | |||
| Value At Risk | (16.37) | |||
| Potential Upside | 6.5 |
Cannabotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cannabotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cannabotech's standard deviation. In reality, there are many statistical measures that can use Cannabotech historical prices to predict the future Cannabotech's volatility.| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | 0.0263 | |||
| Total Risk Alpha | (2.54) | |||
| Treynor Ratio | 0.0811 |
Cannabotech Backtested Returns
Cannabotech secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% 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, risk adjusted performance of 8.0E-4, and Mean Deviation of 6.12 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -2.91, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cannabotech are expected to decrease by larger amounts. On the other hand, during market turmoil, Cannabotech is expected to outperform it. At this point, Cannabotech has a negative expected return of -1.01%. Please make sure to confirm Cannabotech's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Cannabotech performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.84 |
Excellent reverse predictability
Cannabotech has excellent reverse predictability. Overlapping area represents the amount of predictability between Cannabotech time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Cannabotech price movement. The serial correlation of -0.84 indicates that around 84.0% of current Cannabotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 145.73 |
Cannabotech lagged returns against current returns
Autocorrelation, which is Cannabotech stock'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 Cannabotech's stock expected returns. We can calculate the autocorrelation of Cannabotech returns to help us make a trade decision. For example, suppose you find that Cannabotech has exhibited high autocorrelation historically, and you observe that the stock 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 |
Cannabotech 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 Cannabotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cannabotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cannabotech stock over time.
Current vs Lagged Prices |
| Timeline |
Cannabotech Lagged Returns
When evaluating Cannabotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cannabotech stock have on its future price. Cannabotech 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, Cannabotech autocorrelation shows the relationship between Cannabotech stock current value and its past values and can show if there is a momentum factor associated with investing in Cannabotech.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Cannabotech Stock
Cannabotech financial ratios help investors to determine whether Cannabotech Stock 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 Cannabotech with respect to the benefits of owning Cannabotech security.