Cresco Labs Stock Market Value
| CRLBF Stock | USD 1.08 0.01 0.92% |
| Symbol | Cresco |
Cresco Labs '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 Cresco Labs' otc 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 Cresco Labs.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Cresco Labs on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Cresco Labs or generate 0.0% return on investment in Cresco Labs over 90 days. Cresco Labs is related to or competes with Verano Holdings, AYR Strategies, Green Thumb, Marimed, Trulieve Cannabis, and Goodness Growth. Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis produc... More
Cresco Labs 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 Cresco Labs' otc 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 Cresco Labs upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 33.32 | |||
| Value At Risk | (6.15) | |||
| Potential Upside | 9.17 |
Cresco Labs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cresco Labs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cresco Labs' standard deviation. In reality, there are many statistical measures that can use Cresco Labs historical prices to predict the future Cresco Labs' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (1.38) | |||
| Treynor Ratio | 2.13 |
Cresco Labs Backtested Returns
Cresco Labs secures Sharpe Ratio (or Efficiency) of -0.084, which signifies that the company had a -0.084% return per unit of standard deviation over the last 3 months. Cresco Labs exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cresco Labs' mean deviation of 3.53, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cresco Labs are expected to decrease at a much lower rate. During the bear market, Cresco Labs is likely to outperform the market. At this point, Cresco Labs has a negative expected return of -0.49%. Please make sure to confirm Cresco Labs' potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Cresco Labs performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Cresco Labs has below average predictability. Overlapping area represents the amount of predictability between Cresco Labs time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Cresco Labs price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Cresco Labs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Cresco Labs lagged returns against current returns
Autocorrelation, which is Cresco Labs otc 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 Cresco Labs' otc stock expected returns. We can calculate the autocorrelation of Cresco Labs returns to help us make a trade decision. For example, suppose you find that Cresco Labs has exhibited high autocorrelation historically, and you observe that the otc 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 |
Cresco Labs 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 Cresco Labs otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cresco Labs otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cresco Labs otc stock over time.
Current vs Lagged Prices |
| Timeline |
Cresco Labs Lagged Returns
When evaluating Cresco Labs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cresco Labs otc stock have on its future price. Cresco Labs 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, Cresco Labs autocorrelation shows the relationship between Cresco Labs otc stock current value and its past values and can show if there is a momentum factor associated with investing in Cresco Labs.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cresco OTC Stock
Cresco Labs financial ratios help investors to determine whether Cresco OTC 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 Cresco with respect to the benefits of owning Cresco Labs security.