Akanda Corp Stock Forecast - Risk Adjusted Performance
| AKAN Stock | USD 1.67 0.03 1.76% |
Akanda Stock Forecast is based on your current time horizon. Although Akanda Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Akanda Corp's systematic risk associated with finding meaningful patterns of Akanda Corp fundamentals over time.
Akanda |
| Check Akanda Corp Volatility | Backtest Akanda Corp | Information Ratio |
Akanda Corp Trading Date Momentum
| On December 05 2024 Akanda Corp was traded for 1.67 at the closing time. The top price for the day was 1.82 and the lowest listed price was 1.53 . There was no trading activity during the period 0.0. Lack of trading volume on December 5, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.20% . |
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Other Forecasting Options for Akanda Corp
For every potential investor in Akanda, whether a beginner or expert, Akanda Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Akanda Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Akanda. Basic forecasting techniques help filter out the noise by identifying Akanda Corp's price trends.View Akanda Corp Related Equities
| Risk & Return | Correlation |
Akanda Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Akanda Corp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Akanda Corp's current price.| Cycle Indicators | ||
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Akanda Corp Market Strength Events
Market strength indicators help investors to evaluate how Akanda Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Akanda Corp shares will generate the highest return on investment. By undertsting and applying Akanda Corp stock market strength indicators, traders can identify Akanda Corp entry and exit signals to maximize returns.
Akanda Corp Risk Indicators
The analysis of Akanda Corp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Akanda Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting akanda stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.69 | |||
| Standard Deviation | 4.76 | |||
| Variance | 22.64 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Akanda Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Akanda Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Akanda Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Akanda Stock
Moving against Akanda Stock
| 0.82 | DRUG | Bright Minds Biosciences | PairCorr |
| 0.8 | SABSW | SAB Biotherapeutics | PairCorr |
| 0.67 | VERA | Vera Therapeutics | PairCorr |
| 0.64 | VCYT | Veracyte | PairCorr |
| 0.62 | VCEL | Vericel Corp Ord | PairCorr |
The ability to find closely correlated positions to Akanda Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akanda Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Akanda Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Akanda Corp to buy it.
The correlation of Akanda Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Akanda Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akanda Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Akanda Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Akanda Corp to cross-verify your projections. To learn how to invest in Akanda Stock, please use our How to Invest in Akanda Corp guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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 Akanda Corp. If investors know Akanda 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 Akanda Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (524.76) | Revenue Per Share 9.388 | Quarterly Revenue Growth 2.705 | Return On Assets (0.26) | Return On Equity (2.43) |
The market value of Akanda Corp is measured differently than its book value, which is the value of Akanda that is recorded on the company's balance sheet. Investors also form their own opinion of Akanda Corp's value that differs from its market value or its book value, called intrinsic value, which is Akanda Corp'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 Akanda Corp's market value can be influenced by many factors that don't directly affect Akanda Corp'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 Akanda Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Akanda Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akanda Corp'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.