Sunniva Stock Market Value
Sunniva's market value is the price at which a share of Sunniva trades on a public exchange. It measures the collective expectations of Sunniva investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Sunniva and determine expected loss or profit from investing in Sunniva over a given investment horizon. Check out Sunniva Correlation, Sunniva Volatility and Sunniva Alpha and Beta module to complement your research on Sunniva.
| Symbol | Sunniva |
Sunniva '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 Sunniva'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 Sunniva.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Sunniva on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Sunniva or generate 0.0% return on investment in Sunniva over 30 days. Sunniva is related to or competes with Goodness Growth, AYR Strategies, Flora Growth, Painreform, and INC Research. Sunniva Inc., a vertically integrated cannabis company, focuses on the cultivation, production, and distribution of vari... More
Sunniva 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 Sunniva'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 Sunniva upside and downside potential and time the market with a certain degree of confidence.
Sunniva Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunniva's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunniva's standard deviation. In reality, there are many statistical measures that can use Sunniva historical prices to predict the future Sunniva's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sunniva'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.
Sunniva Backtested Returns
We have found zero technical indicators for Sunniva, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Sunniva are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Sunniva has no correlation between past and present. Overlapping area represents the amount of predictability between Sunniva time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Sunniva price movement. The serial correlation of 0.0 indicates that just 0.0% of current Sunniva price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sunniva lagged returns against current returns
Autocorrelation, which is Sunniva 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 Sunniva's pink sheet expected returns. We can calculate the autocorrelation of Sunniva returns to help us make a trade decision. For example, suppose you find that Sunniva 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 |
Sunniva 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 Sunniva pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunniva pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunniva pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sunniva Lagged Returns
When evaluating Sunniva's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunniva pink sheet have on its future price. Sunniva 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, Sunniva autocorrelation shows the relationship between Sunniva pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sunniva.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sunniva Pink Sheet
Sunniva financial ratios help investors to determine whether Sunniva 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 Sunniva with respect to the benefits of owning Sunniva security.