Pure Harvest Cannabis Stock Market Value
| PHCG Stock | USD 0 0 100.00% |
| Symbol | Pure |
Pure Harvest '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 Pure Harvest'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 Pure Harvest.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Pure Harvest on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Pure Harvest Cannabis or generate 0.0% return on investment in Pure Harvest over 60 days. Pure Harvest Corporate Group, Inc. focuses on the acquisition and operation of licensed medical and recreational marijua... More
Pure Harvest 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 Pure Harvest'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 Pure Harvest Cannabis upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1072 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (50.00) | |||
| Potential Upside | 100.0 |
Pure Harvest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pure Harvest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pure Harvest's standard deviation. In reality, there are many statistical measures that can use Pure Harvest historical prices to predict the future Pure Harvest's volatility.| Risk Adjusted Performance | 0.0955 | |||
| Jensen Alpha | 4.16 | |||
| Total Risk Alpha | (1.54) | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pure Harvest's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pure Harvest Cannabis Backtested Returns
Pure Harvest is out of control given 3 months investment horizon. Pure Harvest Cannabis maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We were able to break down twenty-one different technical indicators, which can help you to evaluate if expected returns of 3.23% are justified by taking the suggested risk. Use Pure Harvest Risk Adjusted Performance of 0.0955, variance of 781.29, and Coefficient Of Variation of 891.54 to evaluate company specific risk that cannot be diversified away. Pure Harvest holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -8.14, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Pure Harvest are expected to decrease by larger amounts. On the other hand, during market turmoil, Pure Harvest is expected to outperform it. Use Pure Harvest skewness, as well as the relationship between the rate of daily change and price action indicator , to analyze future returns on Pure Harvest.
Auto-correlation | -0.21 |
Weak reverse predictability
Pure Harvest Cannabis has weak reverse predictability. Overlapping area represents the amount of predictability between Pure Harvest time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 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 Pure Harvest Cannabis price movement. The serial correlation of -0.21 indicates that over 21.0% of current Pure Harvest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pure Harvest Cannabis lagged returns against current returns
Autocorrelation, which is Pure Harvest 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 Pure Harvest's pink sheet expected returns. We can calculate the autocorrelation of Pure Harvest returns to help us make a trade decision. For example, suppose you find that Pure Harvest 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 |
Pure Harvest 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 Pure Harvest pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pure Harvest pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pure Harvest pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Pure Harvest Lagged Returns
When evaluating Pure Harvest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pure Harvest pink sheet have on its future price. Pure Harvest 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, Pure Harvest autocorrelation shows the relationship between Pure Harvest pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Pure Harvest Cannabis.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Pure Pink Sheet
Pure Harvest financial ratios help investors to determine whether Pure 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 Pure with respect to the benefits of owning Pure Harvest security.