C21 Investments Stock Market Value
| CXXIF Stock | USD 0.23 0.01 4.17% |
| Symbol | C21 |
C21 Investments '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 C21 Investments' 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 C21 Investments.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in C21 Investments on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding C21 Investments or generate 0.0% return on investment in C21 Investments over 360 days. C21 Investments is related to or competes with Avicanna, Silver Spike, Grown Rogue, and Goodness Growth. C21 Investments Inc., an integrated cannabis company, cultivates, processes, distributes, and sells cannabis and hemp-de... More
C21 Investments 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 C21 Investments' 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 C21 Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.11 | |||
| Information Ratio | 0.0217 | |||
| Maximum Drawdown | 41.25 | |||
| Value At Risk | (10.53) | |||
| Potential Upside | 13.64 |
C21 Investments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for C21 Investments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as C21 Investments' standard deviation. In reality, there are many statistical measures that can use C21 Investments historical prices to predict the future C21 Investments' volatility.| Risk Adjusted Performance | 0.0386 | |||
| Jensen Alpha | 0.2945 | |||
| Total Risk Alpha | (1.05) | |||
| Sortino Ratio | 0.0217 | |||
| Treynor Ratio | 4.27 |
C21 Investments Backtested Returns
C21 Investments appears to be out of control, given 3 months investment horizon. C21 Investments retains Efficiency (Sharpe Ratio) of 0.0311, which signifies that the company had a 0.0311% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for C21 Investments, which you can use to evaluate the volatility of the entity. Please makes use of C21 Investments' Market Risk Adjusted Performance of 4.28, standard deviation of 8.11, and Coefficient Of Variation of 2586.29 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, C21 Investments holds a performance score of 2. The firm owns a Beta (Systematic Risk) of 0.0711, which signifies not very significant fluctuations relative to the market. As returns on the market increase, C21 Investments' returns are expected to increase less than the market. However, during the bear market, the loss of holding C21 Investments is expected to be smaller as well. Please check C21 Investments' value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether C21 Investments' current price history will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
C21 Investments has poor reverse predictability. Overlapping area represents the amount of predictability between C21 Investments time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 C21 Investments price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current C21 Investments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
C21 Investments lagged returns against current returns
Autocorrelation, which is C21 Investments 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 C21 Investments' otc stock expected returns. We can calculate the autocorrelation of C21 Investments returns to help us make a trade decision. For example, suppose you find that C21 Investments 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 |
C21 Investments 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 C21 Investments otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if C21 Investments otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in C21 Investments otc stock over time.
Current vs Lagged Prices |
| Timeline |
C21 Investments Lagged Returns
When evaluating C21 Investments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of C21 Investments otc stock have on its future price. C21 Investments 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, C21 Investments autocorrelation shows the relationship between C21 Investments otc stock current value and its past values and can show if there is a momentum factor associated with investing in C21 Investments.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in C21 OTC Stock
C21 Investments financial ratios help investors to determine whether C21 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 C21 with respect to the benefits of owning C21 Investments security.