Smart Cannabis Corp Stock Market Value
| SCNA Stock | USD 0.0003 0.0001 25.00% |
| Symbol | Smart |
Smart Cannabis '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 Smart Cannabis' 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 Smart Cannabis.
| 04/29/2025 |
| 07/28/2025 |
If you would invest 0.00 in Smart Cannabis on April 29, 2025 and sell it all today you would earn a total of 0.00 from holding Smart Cannabis Corp or generate 0.0% return on investment in Smart Cannabis over 90 days. Smart Cannabis Corp. operates in the agriculture and cannabis industries More
Smart Cannabis 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 Smart Cannabis' 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 Smart Cannabis Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 29.1 | |||
| Information Ratio | 0.1128 | |||
| Maximum Drawdown | 150.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 33.33 |
Smart Cannabis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smart Cannabis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smart Cannabis' standard deviation. In reality, there are many statistical measures that can use Smart Cannabis historical prices to predict the future Smart Cannabis' volatility.| Risk Adjusted Performance | 0.1029 | |||
| Jensen Alpha | 4.47 | |||
| Total Risk Alpha | (3.99) | |||
| Sortino Ratio | 0.1126 | |||
| Treynor Ratio | (0.70) |
Smart Cannabis Corp Backtested Returns
Smart Cannabis is out of control given 3 months investment horizon. Smart Cannabis Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0835, which indicates the firm had a 0.0835 % return per unit of risk over the last 3 months. We were able to interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.23% are justified by taking the suggested risk. Use Smart Cannabis Corp Risk Adjusted Performance of 0.1029, coefficient of variation of 832.89, and Semi Deviation of 16.52 to evaluate company specific risk that cannot be diversified away. Smart Cannabis holds a performance score of 6 on a scale of zero to a hundred. The entity has a beta of -5.0, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Smart Cannabis are expected to decrease by larger amounts. On the other hand, during market turmoil, Smart Cannabis is expected to outperform it. Use Smart Cannabis Corp maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to analyze future returns on Smart Cannabis Corp.
Auto-correlation | 0.16 |
Very weak predictability
Smart Cannabis Corp has very weak predictability. Overlapping area represents the amount of predictability between Smart Cannabis time series from 29th of April 2025 to 13th of June 2025 and 13th of June 2025 to 28th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Smart Cannabis Corp price movement. The serial correlation of 0.16 indicates that over 16.0% of current Smart Cannabis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Smart Cannabis Corp lagged returns against current returns
Autocorrelation, which is Smart Cannabis 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 Smart Cannabis' pink sheet expected returns. We can calculate the autocorrelation of Smart Cannabis returns to help us make a trade decision. For example, suppose you find that Smart Cannabis 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 |
Smart Cannabis 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 Smart Cannabis pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smart Cannabis pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smart Cannabis pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Smart Cannabis Lagged Returns
When evaluating Smart Cannabis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smart Cannabis pink sheet have on its future price. Smart Cannabis 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, Smart Cannabis autocorrelation shows the relationship between Smart Cannabis pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Smart Cannabis Corp.
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 Smart Pink Sheet
Smart Cannabis financial ratios help investors to determine whether Smart 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 Smart with respect to the benefits of owning Smart Cannabis security.