Medical Marijuana I Stock Market Value
| MJNA Stock | USD 0.0004 0.0001 33.33% |
| Symbol | Medical |
Medical Marijuana '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 Medical Marijuana'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 Medical Marijuana.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Medical Marijuana on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Medical Marijuana I or generate 0.0% return on investment in Medical Marijuana over 720 days. Medical Marijuana is related to or competes with Mesabi Trust, Nutanix, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. Medical Marijuana, Inc., an investment holding company, operates in the cannabinoid-based nutraceutical industry More
Medical Marijuana 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 Medical Marijuana'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 Medical Marijuana I upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 73.33 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 25.0 |
Medical Marijuana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Medical Marijuana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Medical Marijuana's standard deviation. In reality, there are many statistical measures that can use Medical Marijuana historical prices to predict the future Medical Marijuana's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | 1.4 |
Medical Marijuana Backtested Returns
Medical Marijuana has Sharpe Ratio of -0.0594, which conveys that the firm had a -0.0594% return per unit of risk over the last 3 months. Medical Marijuana exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Medical Marijuana's Standard Deviation of 12.64, risk adjusted performance of (0.03), and Mean Deviation of 7.8 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Medical Marijuana are expected to decrease at a much lower rate. During the bear market, Medical Marijuana is likely to outperform the market. At this point, Medical Marijuana has a negative expected return of -0.76%. Please make sure to verify Medical Marijuana's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Medical Marijuana performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Medical Marijuana I has good predictability. Overlapping area represents the amount of predictability between Medical Marijuana time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Medical Marijuana price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Medical Marijuana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Medical Marijuana lagged returns against current returns
Autocorrelation, which is Medical Marijuana 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 Medical Marijuana's pink sheet expected returns. We can calculate the autocorrelation of Medical Marijuana returns to help us make a trade decision. For example, suppose you find that Medical Marijuana 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 |
Medical Marijuana 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 Medical Marijuana pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Medical Marijuana pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Medical Marijuana pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Medical Marijuana Lagged Returns
When evaluating Medical Marijuana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Medical Marijuana pink sheet have on its future price. Medical Marijuana 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, Medical Marijuana autocorrelation shows the relationship between Medical Marijuana pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Medical Marijuana I.
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 Medical Pink Sheet
Medical Marijuana financial ratios help investors to determine whether Medical Pink Sheet 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 Medical with respect to the benefits of owning Medical Marijuana security.