Flora Growth Corp Stock Market Value
| FLGC Stock | USD 1.74 0.17 10.83% |
| Symbol | Flora |
Flora Growth Corp Price To Book Ratio
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Flora Growth. If investors know Flora will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Flora Growth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.35) | Revenue Per Share 7.41 | Quarterly Revenue Growth (0.27) | Return On Assets (0.17) | Return On Equity (1.35) |
The market value of Flora Growth Corp is measured differently than its book value, which is the value of Flora that is recorded on the company's balance sheet. Investors also form their own opinion of Flora Growth's value that differs from its market value or its book value, called intrinsic value, which is Flora Growth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Flora Growth's market value can be influenced by many factors that don't directly affect Flora Growth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Flora Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Flora Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flora Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Flora Growth '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 Flora Growth'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 Flora Growth.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Flora Growth on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Flora Growth Corp or generate 0.0% return on investment in Flora Growth over 30 days. Flora Growth is related to or competes with Clever Leaves, Painreform, INC Research, Petros Pharmaceuticals, Sunshine Biopharma, Sonoma Pharmaceuticals, and Alpha Teknova. Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal can... More
Flora Growth 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 Flora Growth'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 Flora Growth Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.1 | |||
| Information Ratio | 0.1126 | |||
| Maximum Drawdown | 51.9 | |||
| Value At Risk | (10.81) | |||
| Potential Upside | 15.69 |
Flora Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flora Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flora Growth's standard deviation. In reality, there are many statistical measures that can use Flora Growth historical prices to predict the future Flora Growth's volatility.| Risk Adjusted Performance | 0.1076 | |||
| Jensen Alpha | 1.08 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.134 | |||
| Treynor Ratio | 189.28 |
Flora Growth Corp Backtested Returns
Flora Growth is risky given 3 months investment horizon. Flora Growth Corp secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.23% are justified by taking the suggested risk. Use Flora Growth Coefficient Of Variation of 776.02, mean deviation of 6.35, and Downside Deviation of 7.1 to evaluate company specific risk that cannot be diversified away. Flora Growth holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.0057, which means not very significant fluctuations relative to the market. As returns on the market increase, Flora Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Flora Growth is expected to be smaller as well. Use Flora Growth total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to analyze future returns on Flora Growth.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Flora Growth Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Flora Growth time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Flora Growth Corp price movement. The serial correlation of -0.74 indicates that around 74.0% of current Flora Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Flora Growth Corp lagged returns against current returns
Autocorrelation, which is Flora Growth 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 Flora Growth's stock expected returns. We can calculate the autocorrelation of Flora Growth returns to help us make a trade decision. For example, suppose you find that Flora Growth 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 |
Flora Growth 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 Flora Growth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flora Growth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flora Growth stock over time.
Current vs Lagged Prices |
| Timeline |
Flora Growth Lagged Returns
When evaluating Flora Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flora Growth stock have on its future price. Flora Growth 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, Flora Growth autocorrelation shows the relationship between Flora Growth stock current value and its past values and can show if there is a momentum factor associated with investing in Flora Growth Corp.
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.When determining whether Flora Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Flora Growth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Flora Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Flora Growth Corp Stock:Check out Flora Growth Correlation, Flora Growth Volatility and Flora Growth Alpha and Beta module to complement your research on Flora Growth. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Flora Growth technical 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, stock market cycles, or different charting patterns.