Canna Global Acquisition Corp Stock Technical Analysis
CNGLWDelisted Stock | USD 0.0003 0.00 0.00% |
As of the 15th of December 2024, Canna Global shows the Mean Deviation of 25.7, downside deviation of 36.71, and Risk Adjusted Performance of 0.1067. Canna Global Acquisi technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Canna Global Acquisi coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Canna Global Acquisi is priced correctly, providing market reflects its regular price of 3.0E-4 per share. As Canna Global Acquisi appears to be a penny stock we also recommend to validate its total risk alpha numbers.
Canna Global Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Canna, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CannaCanna |
Canna Global 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, delisted stock market cycles, or different charting patterns.
Canna Global Acquisi Technical Analysis
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Canna Global Acquisi Trend Analysis
Use this graph to draw trend lines for Canna Global Acquisition Corp. You can use it to identify possible trend reversals for Canna Global as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Canna Global price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Canna Global Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Canna Global Acquisition Corp applied against its price change over selected period. The best fit line has a slop of 0 , which may suggest that Canna Global Acquisition Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Canna Global price change compared to its average price change.About Canna Global Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Canna Global Acquisition Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Canna Global Acquisition Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Canna Global Acquisi price pattern first instead of the macroeconomic environment surrounding Canna Global Acquisi. By analyzing Canna Global's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Canna Global's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Canna Global specific price patterns or momentum indicators. Please read more on our technical analysis page.
Canna Global December 15, 2024 Technical Indicators
Most technical analysis of Canna help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Canna from various momentum indicators to cycle indicators. When you analyze Canna charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1067 | |||
Market Risk Adjusted Performance | 1.58 | |||
Mean Deviation | 25.7 | |||
Semi Deviation | 26.48 | |||
Downside Deviation | 36.71 | |||
Coefficient Of Variation | 748.36 | |||
Standard Deviation | 37.91 | |||
Variance | 1437.07 | |||
Information Ratio | 0.131 | |||
Jensen Alpha | 4.77 | |||
Total Risk Alpha | 0.3445 | |||
Sortino Ratio | 0.1353 | |||
Treynor Ratio | 1.57 | |||
Maximum Drawdown | 162.35 | |||
Value At Risk | (52.17) | |||
Potential Upside | 77.04 | |||
Downside Variance | 1347.34 | |||
Semi Variance | 701.25 | |||
Expected Short fall | (38.87) | |||
Skewness | 0.6902 | |||
Kurtosis | 1.91 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Other Consideration for investing in Canna Stock
If you are still planning to invest in Canna Global Acquisi check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Canna Global's history and understand the potential risks before investing.
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