Canna Competitors
| CNGL Stock | USD 9.00 0.00 0.00% |
Canna Global vs Constellation Acquisition Correlation
Excellent diversification
The correlation between Canna Global Acquisition and CSTUF is -0.67 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Canna Global Acquisition and CSTUF in the same portfolio, assuming nothing else is changed.
Moving against Canna Stock
Canna Global Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Canna Global and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Canna and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Canna Global Acquisition does not affect the price movement of the other competitor.
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Canna Stock performing well and Canna Global Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Canna Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MAQC | 2.61 | (1.38) | 0.00 | (1.61) | 0.00 | 0.00 | 81.06 | |||
| IRRX | 6.98 | 3.07 | 0.00 | (0.20) | 0.00 | 19.90 | 130.00 | |||
| IMAQ | 0.61 | (0.12) | 0.00 | 0.53 | 0.00 | 0.21 | 9.97 | |||
| LVPA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GWIN | 0.82 | (0.11) | 0.00 | (0.36) | 0.00 | 0.00 | 25.00 | |||
| AASP | 2.87 | 0.03 | 0.00 | 0.47 | 4.42 | 10.00 | 31.14 | |||
| NBST | 0.15 | 0.07 | 0.00 | (1.57) | 0.00 | 0.00 | 4.89 | |||
| CSTUF | 0.42 | 0.13 | 0.00 | 1.17 | 0.00 | 0.00 | 8.70 |
Canna Global Competitive Analysis
The better you understand Canna Global competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Canna Global's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Canna Global's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Canna Global Competition Performance Charts
Five steps to successful analysis of Canna Global Competition
Canna Global's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Canna Global Acquisition in relation to its competition. Canna Global's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Canna Global in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Canna Global's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Canna Global Acquisition, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Canna Global position
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Check out Canna Global Correlation with its peers.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Stock 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 Canna Global. Projected growth potential of Canna fundamentally drives upward valuation adjustments. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Canna Global assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Investors evaluate Canna Global Acquisition using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Canna Global's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause Canna Global's market price to deviate significantly from intrinsic value.
It's important to distinguish between Canna Global's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Canna Global should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Canna Global's market price signifies the transaction level at which participants voluntarily complete trades.